Analog Devices (ADI) Surpasses Market Returns: Some Facts Worth Knowing

Analog Devices (ADI) closed at $405.03, up 2.1% and outperforming the S&P 500's 0.2% gain. The stock has risen 11.53% over the past month. ADI is projected to report earnings of $3.84 per share (69.91% YoY growth) and revenue of $4.31 billion (39.96% YoY growth). For the full year, consensus estimates forecast earnings of $12.96 per share and revenue of $15.11 billion. ADI holds a Zacks Rank #2 (Buy) with a Forward P/E of 30.62, trading at a discount to its industry average of 49.69.