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Netflix and chips (of the Intel variety)

Published: 08:51 18 Jan 2021 GMT

Citrix Systems - Netflix and Intel earnings will be the highlight

The week ahead

In the UK, we expect a continuation of the flow off January trading updates including Computacenter PLC (LON: CCC) on Friday.

Computacenter trades near record highs after releasing a string of positive trading news through the pandemic as customers accelerated their investment in their working from home infrastructure. The last outlook upgrade came early last month when the company said that its adjusted profit before tax for 2020 is unlikely to be less than £190mln. In September, Computacenter announced the acquisition of North American information technology solutions provider Pivot Technology Solutions for around C$106mln in cash.

Across the pond, the Martin Luther King Jr Day holiday today and the Presidential inauguration is on Wednesday. Netflix is scheduled to release fourth-quarter (Q4) results on Tuesday while IBM and Intel are scheduled to release Q4 results on Thursday. Citrix Systems and Teradyne results could also appear.

Intel has lagged the semiconductor space as AMD (NASDAQ: AMD) and NVIDIA (NASDAQ: NVDA) have taken market share and the company last week announced the appointment of a new chief executive officer in Pat Gelsinger who takes control in February.  The company has suffered from manufacturing issues over the last year. 

Netflix, the consumer video streaming business, trades near record highs, having benefited from the working from home environment, but faces increased competition from the likes of Amazon, Apple and Disney.

Events calendar
Date Company Event Period ending
22-Jan Computacenter Trading update 31-Dec
29-Jan FDM Trading update 31-Dec
January Keywords Studios Trading update 31-Dec
04-Feb NCC Group Interim results 30-Nov
09-Feb Microfocus Final results 31-Oct
09-Feb Ocado Final results 30-Nov
Early Feb Idox Final results 31-Oct
Early Feb RM Group Final results 30-Nov
16-Feb Blancco Tech Interim results 31-Dec
01-Mar Quartix Final results 31-Dec
03-Mar Avast Final results 31-Dec
09-Mar Gresham Tech Final results 31-Dec
Early Mar Attraqt Final results 31-Dec
11-Mar FDM Final results 31-Dec
16-Mar Bango Final results 31-Dec
16-Mar KRM22 Final results 31-Dec
March Keywords Studios Final results 31-Dec
March Boku Final results 31-Dec
18-Mar Ocado Q1 trading 28-Feb
24-Mar Softcat Interim results 31-Jan

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