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Stock Market & Financial Investment News

News Breaks
November 7, 2012
13:19 EDTQCOMEarnings Preview: Qualcomm Q4 expected to be strong
Qualcomm (QCOM) is expected to report Q4 earnings after the market close on Wednesday, November 7, with a conference call scheduled for 4:45 pm ET. The consensus estimate is 82c for EPS and $4.67B for revenue, according to First Call. The whisper number is 83c. Analysts continue to be bullish on Qualcomm despite its weak Q3 results and guidance back in July. Guidance for Q4 calls for adjusted EPS 78c-84c on revenue of $4.45B-$4.85B. Qualcomm’s report comes at end of the earnings season, allowing the stock to be buffeted by the downbeat forecasts across the rest of the chip sector, from companies such as Intel (INTC), Advanced Micro Devices (AMD) and Texas Instruments (TXN). One metric closely watched will be the company's projection for mobile-station modem, or MSM, chip shipments in the December quarter, as well as its forecast for the average selling price of 3G and 4G handsets — which affects the royalties for its licensing arm. Qualcomm's MSM, chips are used in certain models of Apple's (AAPL) iPhone -- including the newly launched iPhone 5, as well as other smartphones from companies such as Samsung (SSNLF), HTC, Nokia (NOK), Google (GOOG), Motorola (MOT) and others. Brean Capital expects strong Q4 results and guidance for the Dec.Q and FY guidance. The firm believes Qualcomm's Licensing, or QTL, business will be relatively in line for Q4, but will benefit from strength in high-end smartphones in September and December quarters. Given the current investor concerns on QCT margins and about Qualcomm's historical propensity to sandbag its FY guidance, Brean expects the stock to act favorably post-report.
News For QCOM From The Last 14 Days
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April 14, 2014
06:50 EDTQCOMChecks show Apple not developing basebands, says Deutsche Bank
Deutsche Bank says that despite recent press reports, its industry checks show that Apple (AAPL) is not developing its own baseband chipset. Deutsche believes Apple likely seeking better integration with existing baseband chipsets or possibly developing its own internal WiFi chipset. The firm thinks Qualcomm's (QCOM) long term prospects remain intact and it reiterates a Buy rating on the stock with an $86 price target.
April 11, 2014
12:42 EDTQCOMOn The Fly: Analyst Initiation Summary
ASML (ASML) initiated with a Cautious at ISI Group... Analog Devices (ADI) initiated with a Buy at ISI Group... Applied Materials (AMAT) initiated with a Strong Buy at ISI Group... Aruba Networks (ARUN) initiated with a Buy at SunTrust... Broadcom (BRCM) initiated with a Neutral at ISI Group... CSX (CSX) initiated with an Outperform at Macquarie... Cisco (CSCO) initiated with a Buy at SunTrust... F5 Networks (FFIV) initiated with a Neutral at SunTrust... Genesee & Wyoming (GWR) initiated with a Neutral at Macquarie... Intel (INTC) initiated with a Neutral at ISI Group... Juniper (JNPR) initiated with a Buy at SunTrust... KLA-Tencor (KLAC) initiated with a Neutral at ISI Group... Lam Research (LRCX) initiated with a Strong Buy at ISI Group... Linear Technology (LLTC) initiated with a Cautious at ISI Group... Maxim Integrated (MXIM) initiated with a Neutral at ISI Group... Micron (MU) initiated with a Strong Buy at ISI Group... NVIDIA (NVDA) initiated with a Neutral at ISI Group... NXP Semiconductors (NXPI) initiated with a Strong Buy at ISI Group... Qualcomm (QCOM) initiated with a Strong Buy at ISI Group... Riverbed (RVBD) initiated with a Neutral at SunTrust... SanDisk (SNDK) initiated with a Neutral at ISI Group... Teradyne (TER) initiated with a Buy at ISI Group... Texas Instruments (TXN) initiated with a Neutral at ISI Group... Trulia (TRLA) initiated with a Neutral at Susquehanna... Union Pacific (UNP) initiated with a Neutral at Macquarie... Zillow (Z) initiated with a Positive at Susquehanna... Flamel Technologies (FLML) initiated with a Buy at Roth Capital... Parker Drilling (PKD) initiated with an Accumulate at Tudor Pickering.
10:19 EDTQCOMQualcomm, Ericsson recommended by RBC Capital
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09:09 EDTQCOMQualcomm Ericsson recommended for near-term at RBC Capital
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April 10, 2014
16:11 EDTQCOMQualcomm initiated with a Strong Buy at ISI Group
Target $90.
April 8, 2014
12:10 EDTQCOMIneda Systems says secures funding from Samsung, Qualcomm
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07:28 EDTQCOMSecurity Innovation Network to hold a forum
IT Security Entrepreneurs Forum: ITSEF 2014 is being held in Mountain View, California on April 8-9.
06:31 EDTQCOMMicrosoft, Mediatek to push Windows tablet in white-box market, DigiTimes says
Microsoft (MSFT) has been aggressively trying to persuade Mediatek to push Windows-based tablets in China's white-box market, reports DigiTimes. According to sources from the upstream supply chain, there is a high chance for a partnership, which would lead to current smartphone chip partner Qualcomm (QCOM) to face strong pressure. Reference Link
April 5, 2014
13:24 EDTQCOMQualcomm looks like a deal, Barron's says
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April 3, 2014
08:00 EDTQCOMQualcomm well positineed for China TD LTE opportunity, says Canaccord
Canaccord's monthly survey work indicates Buy rated Qualcomm is maintaining its dominant market share and content share in leading Android smartphones. The analyst also has increased confidence in Qualcomm's TD-LTE smartphone opportunity in China. As a result, the firm raised estimates and increased its price target to $90 from $86.

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