The recent news surrounding
Qorvo Inc. (NASDAQ:QRVO) has been a mix of positives and negatives. Many firms have purchased shares, including
Lazard Asset Management,
Tidal Investments, and
Vanguard Group Inc., indicating a positive sentiment. On the revenue front, Qorvo exceeded analyst
revenue forecasts in fiscal Q4 and surpassed Q1
sales targets, although the stock did drop on account of these outcomes. The firm's earnings results also beat estimates and demonstrated a rise year-on-year. This follows an
increase to the company's price target multiple times by firms like
Goldman Sachs Group,
Rosenblatt Securities and
JPMorgan Chase & Co.. Conversely, the stock price fell 5.5% due to an
analyst downgrade, and the stock underperformed the market on a separate occasion. Qorvo also unveiled high-power amplifiers in June 2024, and successfully acquired
Anokiwave, boosting their RF portfolio. However, slowing mobile phone sales have negatively impacted the company's guidance, leading it to a negative outlook.
Qorvo QRVO News Analytics from Wed, 20 Dec 2023 08:00:00 GMT to Sun, 04 Aug 2024 23:00:40 GMT -
Rating 2
- Innovation 6
- Information 8
- Rumor 0
