TE Connectivity Ltd. New Switzerland Registered Shares ($TEL) Stock Forecast: Down 1.0% Today

What is TE Connectivity Ltd. New Switzerland Registered Shares?

TE Connectivity (TEL) is a technology company that designs and manufactures connectivity and sensor products for various industries. The stock had a bearish movement today amidst a generally positive market sentiment.

Why is TE Connectivity Ltd. New Switzerland Registered Shares going down?

TEL stock is down 1.0% on Oct 31, 2024 15:39

• Despite TE Connectivity's solid Q4 earnings and positive fiscal Q1 view, the stock experienced a bearish movement today.
• The market may have reacted negatively due to the earnings matching estimates and not exceeding expectations.
• Investors might be cautious about the stock's future performance despite its impressive earnings surprise history, leading to the bearish movement.
• The overall market sentiment might have overshadowed the company-specific positive news, contributing to the downward trend in TEL's stock price.

TEL Price Chart

TEL Technical Analysis

TEL News

Can TEL's Solid Q4 Earnings and Fiscal Q1 View Push the Stock Higher?

TE Connectivity's fiscal fourth-quarter performance benefits from the strong margin expansion and robust performance across various end markets.

https://www.zacks.com/stock/news/2360976/can-tels-solid-q4-earnings-and-fiscal-q1-view-push-the-stock-higher

TE Connectivity ( TEL ) Q4 Earnings Match Estimates

TE Connectivity (TEL) delivered earnings and revenue surprises of 0% and 1.47%, respectively, for the quarter ended September 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2360241/te-connectivity-tel-q4-earnings-match-estimates

Will TE Connectivity ( TEL ) Beat Estimates Again in Its Next Earnings Report?

TE Connectivity (TEL) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

https://www.zacks.com/stock/news/2358872/will-te-connectivity-tel-beat-estimates-again-in-its-next-earnings-report

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TE Connectivity Ltd. New Switzerland Registered Shares Price History

31.09.2024 - TEL Stock was down 1.0%

• Despite TE Connectivity's solid Q4 earnings and positive fiscal Q1 view, the stock experienced a bearish movement today.
• The market may have reacted negatively due to the earnings matching estimates and not exceeding expectations.
• Investors might be cautious about the stock's future performance despite its impressive earnings surprise history, leading to the bearish movement.
• The overall market sentiment might have overshadowed the company-specific positive news, contributing to the downward trend in TEL's stock price.

25.00.2024 - TEL Stock was up 6.5%

• TEL reported sturdy Q1 growth and robust earnings, which contributed to the bullish market movement.
• The company's focus on the electric vehicle (EV) market has also generated positive investor sentiment.
• Despite a slight decline in net sales organically, TEL's adjusted EPS beat consensus expectations, further boosting investor confidence.

14.05.2024 - TEL Stock was down 2.4%

• Shareholders of TE Connectivity approving the merger to transition jurisdiction to Ireland potentially introduced uncertainty and worry among investors, prompting a downturn in the stock.
• An initial positive reaction may have been triggered by a "buy" rating from a financial analysis platform, but broader market sentiments and concerns regarding the merger likely eclipsed this, contributing to the negative trend.
• The relocation of jurisdiction could have repercussions on the company's day-to-day operations, regulatory landscape, and overall business prospects, leading to adverse market responses.
• Investor wariness concerning the merger's completion timeline set for September 30, 2024, and its potential impacts on TEL's future performance could be influencing the bearish movement in the stock.

28.07.2023 - TEL Stock was up 1.4%

• TEL had a strong bullish movement today.
• The article suggests that TEL's stock has been down since its last earnings report, indicating a potential negative sentiment in the market.
• However, the article also mentions that there are earnings estimates that could provide clues for a potential rebound.
• It is possible that investors have become more optimistic about TEL's future earnings prospects, leading to the bullish movement in the stock.

24.06.2024 - TEL Stock was up 5.0%

• TEL reported Q3 earnings that beat estimates, showcasing strong financial performance and exceeding market expectations.
• The announcement of an upcoming financial insights webcast could have generated investor interest and optimism about the company's future prospects.
• With TEL's profit increasing and beating estimates, investors may have gained confidence in the company's ability to deliver consistent growth.
• The record year-to-date cash flow and strong margin expansion highlighted in the third quarter results likely contributed to the bullish movement as investors viewed the company's financial health positively.