AmTech Maintains Buy on Qualcomm (QCOM) Ahead of Q3 Earnings
More News related to QCOM
- Collins Stewart Initiates Coverage on QUALCOMM (QCOM) with a Buy
- XplosiveStocks.com: CSCO, INTC, FLIR, SIRI, ORCL, QCOM Hot Stocks on the Move
- BenchmarkJournal.com (Complimentary) Analyst Review for MYL, CHINA, FEED and QCOM
- Beacon Equity Issues Technical Trade Alerts on Market Movers: SBUX, DRYS, CSCO, QCOM, S, AUY
- XplosiveStocks.com: C, GE, S, AMZN, DELL, QCOM Hot Stocks on the Move
More News related to Analyst Comments
- Standard & Poor's Places Alcoa's (AA) Ratings On Watch Negative
- Analyst Remains on Apple Sidelines Following Uneventful Macworld (AAPL); Won't Get Constructive til Mid-$70's
- Cramer Makes Verizon (VZ) a Top 5 Pick for '09
- Chinese Internet Crackdown Marks Trouble for Baidu (BIDU) in '09; Pali Reiterates Sell
- Citi Reiterates a 'Hold' on Pfizer (PFE), M&A Needed to Reposition the Company
American Technology Research maintains Buy on QUALCOMM (Nasdaq: QCOM).
The firm points out that "the market appears concerned that if QCOM 'keeps' its FY08 guidance of $2.09-$2.13, that would imply a down-sequential September quarter of $0.48-0.52, versus consensus of $0.53." In light of this, AmTech believes that Qualcomm will meet earnings and keep or slightly raise its FY08 guidance so that the outlook "encapsulates the $0.53 consensus at the high end."
Additionally, AmTech estimates Qualcomm will issue chip guidance for its September quarter of 83-88 million. The firm said that while shares of Qualcomm could remain weak on risks related to in-line guidance, AmTech believes the stock looks attractive around $45, but notes that it "would save some powder around the report."
Qualcomm is expected to report after the close on Wednesday, July 23.
QUALCOMM Incorporated designs, manufactures, and markets digital wireless telecommunications products and services based on its CDMA technology and other technologies.
Related Categories
Analyst CommentsStocks Mentioned
-1.60Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
