Qualcomm’s (QCOM) revenue and earnings growth is superior to most large-cap technology stocks, says Canaccord Genuity, which Thursday upped its price target on the stock to 95 from 90. Qualcomm’s stock edged up 0.5% to 79.61 in midday trading on the stock market today. Canaccord Genuity analyst Michael Walkley, who has a buy rating on Qualcomm’s stock, estimates that Qualcomm’s 2015 revenue will grow 12% to $29.93 billion, with EPS up 16% to
A slower-than-expected ramp of new smartphones in China is rippling through Qualcomm (QCOM), sending its stock down Thursday after its posted fiscal Q2 revenue late Wednesday that missed Wall Street expectations. Qualcomm quarterly earnings, however, beat expectations. Qualcomm, the largest maker of cellphone chips, said it was hit by a slower-than-expected rollout of 4G cellphones in China, as well as by weaker-than-expected North American
Qualcomm (QCOM), the largest maker of cellphone chips, is set to report quarterly earnings after the market close Wednesday, with analysts focusing on its performance in China. The consensus estimates is for Qualcomm to report revenue of $6.48 billion for its fiscal second quarter ended March 31. That would be up 6% from the year-earlier quarter, breaking a string of 14 consecutive quarters of double-digit growth. Analysts polled by Thomson