Canaccord Genuity Maintains Buy After Qorvo's (QRVO) Miss
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January 8, 2016 8:31 AM EST
Cowen and Company trims its price target on Market Perform-rated Apple (Nasdaq: AAPL) from $130 to $125 following guidance updates from suppliers Qorvo and Cirrus Logic.
Analyst Timothy Arcuri commented: Based on ~$4 of content for QRVO and ~$2.25 for CRUS, we estimate this... More
January 8, 2016 7:41 AM EST
Needham & Company maintained a Buy rating on Qorvo Inc (NASDAQ: QRVO), and cut the price target to $55.00 (from $64.00), following the company's negatively pre-announced 3Q earnings report. QRVO meaningfully revised lower its revenue guidance for F3Q16 and guided F4Q16 revenue to be approximately flat sequentially.... More
January 8, 2016 7:13 AM EST
Mizuho Securities maintained a Buy rating on Qorvo Inc (NASDAQ: QRVO), and cut the price target to $50.00 (from $65.00), following the company's negative pre-announcement. Qorvo continues to struggle navigating the RF landscape, the second topline miss in the last six months, while peers... More
January 7, 2016 4:02 PM EST
Qorvo® (Nasdaq: QRVO) announced it expects revenue and earnings for its fiscal 2016 third quarter will be lower than it previously estimated on November 5, 2015.
Qorvo currently expects its December quarterly revenue will be approximately $620 million, versus its original guidance of $720-$730 million provided November 5, 2015 in its second quarter earnings report. The revenue decline is the result of weaker than forecasted customer demand in the Companys... More
