There has been a variety of news concerning Qorvo Inc.(NASDAQ:QRVO), a leading provider of core technologies and RF solutions for applications such as mobile devices, network infrastructure, and defense/aerospace. Dynamic Technology Lab and other institutions like Vanguard Personalized Indexing Management sold their shares of the firm, while others like Trexquant Investment and ING Groep NV increased their holdings. Despite missing Full Year 2024 earnings expectations, the company beat Q4 earnings and revenue forecasts. In legal news, Qorvo announced a verdict and a damage award in a litigation against Akoustis which led Akoustis' stocks to surge amid bankruptcy fears. On the other hand, Qorvo is expanding its C-IoT portfolio and successfully acquired Anokiwave, aiming at broadening its RF portfolio. Nevertheless, Qorvo has faced a stock price decrease due to weak guidance despite better-than-expected sales. With an average recommendation of 'Hold' by brokerages, the future for the company is uncertain.
Qorvo QRVO News Analytics from Tue, 10 Oct 2023 07:00:00 GMT to Thu, 23 May 2024 18:58:00 GMT -
Rating -1
- Innovation 5
- Information 5
- Rumor -3
