Nomura Securities Downgrades Qualcomm (QCOM) to Neutral
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Cowen Trims PT on Qualcomm (QCOM) to $69; QCT Faring Better, QTL Worse
November 5, 2015 12:01 PM ESTCowen and Company is lowering its price target on Outperform-rated Qualcomm (Nasdaq: QCOM) from $72 to $69 following Q3 results issued Wednesday night.
On the results, Analyst Tim Arcuri commented, While QCT we believe has found a bottom, QTL collections continue to lag... More
Under Reporting by Chinese OEMs Forces Qualcomm (QCOM) to Guide Lower - FBR
November 5, 2015 9:00 AM ESTQUALCOMM (NASDAQ: QCOM) reported better-than-expected C3Q15 top-line results but the revenue mix continues to shift to lower margin business as Chinese OEMs increasingly under-report royalty bearing handset shipments. The QTL segment has a mid-80% operating margin but relies on third party report for its royalties. To offset the mix shift, management is implementing a cost cutting program that the street is modeling to double operating margins in the coming year.
For C3Q15, Qualcomm reported revenue of... More
