Why Qualcomm Stock Is Soaring on Thursday
Already recovering from a steep sell-off suffered during the first calendar quarter of the year, an encouraging quarterly update sent (NASDAQ: QCOM) shares soaring today. Indeed, with Thursday's 15.1% gain, as of 2:03 p.m. ET Thursday, this stock is now up 45% from its early April low.
While the news and numbers behind the rally are bullish, don't be surprised if profit-taking cools this rally off for a short while, allowing the buyers as well as the sellers to regroup. It remains to be seen whether or not this will be a buying opportunity.
Qualcomm turned $10.6 billion worth of revenue into a per-share profit of $2.65 for the three months ending in March. While those numbers are down 2% and 7% year over year (respectively), each also topped analysts' consensus expectations for a top line of $10.56 billion and profits of $2.55 per share. As is usually the case, handsets accounted for the lion's share of the company's results.
Source Fool.com
Qualcomm Inc. Aktie
Qualcomm Inc. erfreut sich mäßiger Beliebtheit, mit mehr Buy- als Sell-Einschätzungen.
Für Qualcomm Inc. sieht die Community ein Kursziel von 174 €, was eine erhebliche Steigerung um über 20% gegenüber dem aktuellen Kurs von 133.38 € bedeutet.
