KLA's Rich Valuation Offsets Its Strong Market Position: Analyst
KLA Corporation (NASDAQ:KLAC) stock tumbled Friday as investors digested earnings and guidance that landed near expectations but failed to impress.An analyst kept a neutral stance, pointing to valuation concerns and a near-term industry shift toward memory spending.Quarterly UpdateOn Thursday, the company reported second-quarter earnings of 8.80, according to data from Benzinga Pro.KLA expects third quarter adjusted EPS of 9.86, versus ...