Canaccord Genuity Reiterates a 'Buy' on Qualcomm (QCOM); Anticipate Strong QCT Market Share Gains During 2012
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Price: $165.79 +0.61%
Rating Summary:
25 Buy, 33 Hold, 5 Sell
Rating Trend:
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Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
25 Buy, 33 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Canaccord Genuity reiterates a 'Buy' on Qualcomm (NASDAQ: QCOM), raises PT from $70 to $72.
Canaccord analyst, T. Michael Walkley, says, "Our checks indicate sales of 3G and 4G/LTE smartphones featuring Qualcomm MSMs are strong, and we believe Qualcomm is well positioned to grow share with leading OEMs during C2012. Due to its modem technology leadership, integrated solution roadmap, and broad OS platform expertise, we believe QCT will increase its WCDMA/LTE market share during H2/C2011 and C2012...Due to these trends and the addition of the acquired Atheros business to our model, we are increasing our F2012 pro forma EPS estimate from $3.49 to $3.59."
For more ratings news on Qualcomm click here and for the rating history of Qualcomm click here.
Shares of Qualcomm closed at $55.43 yesterday.
Canaccord analyst, T. Michael Walkley, says, "Our checks indicate sales of 3G and 4G/LTE smartphones featuring Qualcomm MSMs are strong, and we believe Qualcomm is well positioned to grow share with leading OEMs during C2012. Due to its modem technology leadership, integrated solution roadmap, and broad OS platform expertise, we believe QCT will increase its WCDMA/LTE market share during H2/C2011 and C2012...Due to these trends and the addition of the acquired Atheros business to our model, we are increasing our F2012 pro forma EPS estimate from $3.49 to $3.59."
For more ratings news on Qualcomm click here and for the rating history of Qualcomm click here.
Shares of Qualcomm closed at $55.43 yesterday.
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