Qorvo (QRVO) Tops Q1 EPS by 3c; Guides Q2 Below the Street
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Needham & Company Cuts Price Target on Qorvo (QRVO) Following 1Q16 Results and Guidance
July 30, 2015 9:14 AM EDTNeedham & Company maintained a Buy rating on Qorvo Inc (NASDAQ: QRVO), and cut the price target to $82.00 (from $88.00), following 1Q16 results. QRVO reported revenue and non-GAAP EPS of $673.6MM/$1.09, ahead of consensus of $665.4MM/$1.06. QRVO guided F2Q16 revenues/NG EPS to $690-710MM/$1.05-1.15.... More
Qorvo (QRVO) PT Cut to $80 at Brean Capital Amid Weaker Guidance; Keeps 'Buy'
July 30, 2015 7:55 AM EDTBrean Capital analyst Mike Burton lowered his price target on Qorvo Inc (NASDAQ: QRVO) to $80.00 (from $92.00) following weak guidance, but maintained a Buy rating.
Burton commented, "Qorvo reported June quarter results ahead of the Streets consensus, however guided September well below... More
Qorvo (QRVO) PT Lowered to $80 at Mizuho Securities
July 30, 2015 7:52 AM EDTMizuho Securities analyst Vijay Rakesh lowered estimates and his price target on Qorvo Inc (NASDAQ: QRVO) to $80.00 (from $92.00) following in-line Q1 but weak guidance.
Rakesh commented, "QRVO reported an inline JunQ, but guided to a disappointing SepQ at $700M/$1.10, below consensus of... More
Qorvo (QRVO) PT Lowered to $80 at Ascendiant Capital Amid Lower Guidance
July 30, 2015 7:19 AM EDTAscendiant Capital analyst Cody Acree lowered his price target on Qorvo Inc (NASDAQ: QRVO) to $80.00 (from $90.00) following the guidance miss but maintained a Buy rating on the stock.
Acree commented, "Echoing first half Chinese handset softness thats led to a few weeks of excess inventory and a continued pause in 4G base station deployments, QRVO finally succumbed to... More
