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Stockreport

Bernstein Lowers Qualcomm (QCOM) PT, Says Expectations “Now Appear Much Too High” [Yahoo! Finance]

QUALCOMM Incorporated (QCOM)  More Company Research Source: Yahoo! Finance
Last qualcomm incorporated earnings: 4/29 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: qualcomm.com/info/investor-relations
Bernstein Lowers Qualcomm (QCOM) PT, Says Expectations “Now Appear Much Too High” Karlis Dambrans/Flickr On March 26, Bernstein Research downgraded QUALCOMM Incorporated (NASDAQ:QCOM) to Market Perform from Outperform. It cut its price target to $140 from $175. The firm pointed to memory-related headwinds, noting that higher prices are having a “deleterious effect” on overall smartphone shipments. The analyst told investors that consensus estimates for Qualcomm “now appear much too high.” Bernstein also said the company's “potential narrative tailwinds” from its buyback program and upcoming data center event are unlikely to offset weaker smartphone demand. It also flagged risk tied to the expiration of the Apple license agreement in about a year. On March 17, Qualcomm announced a $20 billion stock buyback program, aiming to take advantage of a sharp decline in its share price. The drop has been linked to a global memory supply crunch, which is expected to slow handset productio [Read more]
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Stockreport

Bernstein Lowers Qualcomm (QCOM) PT, Says Expectations “Now Appear Much Too High” [Yahoo! Finance]

QUALCOMM Incorporated  (QCOM) 
More Company Research Source: Yahoo! Finance
Last qualcomm incorporated earnings: 4/29 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: qualcomm.com/info/investor-relations
Bernstein Lowers Qualcomm (QCOM) PT, Says Expectations “Now Appear Much Too High” Karlis Dambrans/Flickr On March 26, Bernstein Research downgraded QUALCOMM Incorporated (NASDAQ:QCOM) to Market Perform from Outperform. It cut its price target to $140 from $175. The firm pointed to memory-related headwinds, noting that higher prices are having a “deleterious effect” on overall smartphone shipments. The analyst told investors that consensus estimates for Qualcomm “now appear much too high.” Bernstein also said the company's “potential narrative tailwinds” from its buyback program and upcoming data center event are unlikely to offset weaker smartphone demand. It also flagged risk tied to the expiration of the Apple license agreement in about a year. On March 17, Qualcomm announced a $20 billion stock buyback program, aiming to take advantage of a sharp decline in its share price. The drop has been linked to a global memory supply crunch, which is expected to slow handset productio [Read more]
IMPACT SNAPSHOT
EVENT TIME:
QCOM
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS