Qorvo (QRVO) AnalysisMarket Position and Growth Drivers:
Qorvo NASDAQ:QRVO is experiencing robust growth, driven by significant gains with key mobile customers and strong performance in the defense and aerospace sectors. The company supplies RF chips to major Android OEMs like Samsung, showing expansion in the South Korean market. In China, top OEMs are adopting more of Qorvo's chips, with volume shipments expected this year.
Financial Outlook:
Qorvo anticipates fiscal 2025 Q1 revenue of $850 million, a 30% increase from last year. Analysts forecast a 3% increase in full-year revenue to $3.9 billion and an 8.3% increase in fiscal 2026. With Apple and Samsung as major customers, Qorvo is well-positioned for growth in AI-driven smartphone technologies.
Investment Outlook:
Bullish Outlook: We are bullish on QRVO above the $114.00-$115.00 range.
Upside Potential: With an upside target set at $160.00-$165.00, investors should consider Qorvo's strong customer base and growing market presence as key drivers for future stock appreciation.
📊🔬 Monitor Qorvo for promising investment opportunities! #QRVO #TechStocks 📈🔍
QRVO
QRVO, may do a NVDA surge type move in the coming months!...QRVO is registering massive net buy volume, as numbers has surged 3-folds from 1.22M to 3.46M -- conveying that the recent earnings call is attracting position takers in anticipation of the company's turnaround in terms earnings and growth. Monthly data is showing some shifting trend. Pricewise, the stock formed higher lows cementing its intention to reverse to the upside.
The stock is currently sitting below 78.6 LEVEL, this is already a bargain / discount level. Best to seed on this area.
A bubble up volume (bottom indicator) has reappeared after 4 months of waiting -- bounce is in line with the solid support levels at 100'ish range.
Expect some significant bounce from the current range. A $200 price retest valuation in the future is not too far-fetched.
Another key note: MONTHLY DESCENDING TRENDLINE has been broken. Huge hint.
Spotted at 100.0
Safeguard capital always.
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FUNDAMENTAL / FINANCIAL NEWS REF: Source - MarketWatch.
Share of Qorvo Inc. QRVO, +0.11% rallied after hours on Wednesday after the wireless-technology provider’s first-quarter sales forecast and fourth-quarter results topped expectations, following efforts to lean down its stockpiles of components for Android smartphones amid “weakness in end markets.” The company — which makes cellular technology and Wi-Fi for smartphones and other digital devices, along with radio-frequency and power-management products for a variety of industries — said it expected first-quarter sales of $620 million to $660 million, with adjusted earnings per share of 15 cents, compared with FactSet estimates for $626 million and earnings per share of 18 cents. “We anticipate continued progress reducing Android channel inventory in the coming quarters, with a return to historical norms by calendar year-end,” Chief Financial Officer Grant Brown said in a statement. Shares raced 8.7% higher after hours. For its fiscal fourth quarter, Qorvo reported a net loss of $138.4 million, or $1.39 a share, contrasting with a profit of $212.3 million, or $1.95 a share, in the same quarter last year. Revenue fell to $632.7 million, compared with $1.17 billion in the prior-year quarter. The company reported adjusted earnings per share of 26 cents. Analysts polled by FactSet forecast adjusted earnings per share of 12 cents on sales of $621 million.
Earnings Week (08/02-08/06): Move Predictions, IV CrushBelow I've posted a compiled spreadsheet (Google Drive spreadsheet), outlining a large portion of upcoming earning releases for the week of August 2 through August 6, 2021. Options market overestimation percentages, predicted/actual earnings release moves, and average implied volatility (IV) numbers have all been sourced from Market Chameleon ( marketchameleon.com ).
Google Drive spreadsheet public link: docs.google.com
If and where I've posted quarterly analyst revision numbers, that data has been sourced from Seeking Alpha ( seekingalpha.com ). PLEASE take any analyst "recommendations" with a literal kilogram of salt, as any/all critical thinkers have noted a tendency toward foul play with "analyst" target numbers and recommendations (hint, they do not have YOUR best interests in mind).
Current prices are obviously as of market close, Friday, 07/30/2021. The most important data provided lie in the first five columns immediately proceeding "Current Price."
This spreadsheet provides a readily accessible, macro view of potential earnings plays for the week. I often use this overview to aid with decisions to either buy or write put/call spreads, credit/debit iron condors, or more standard long plays with protective puts, dependent upon overall market volatility (VIX), and equity-specific IV.
Please post any comments/questions/concerns, and best of luck this busy week traders.
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NASDAQ:CRON
Zomedica Upcoming TRUFORMA™ on March 30, 2021Protected by approximately 70 issued and pending patents, the TRUFORMA diagnostic platform uses Bulk Acoustic Wave (“BAW”) technology, developed by Qorvo (NASDAQ: QRVO), to provide a non-optical and fluorescence-free detection system for use at the point-of-care.
BAW technology, also used in cell phones and in the world’s most advanced radar and communications systems, is an extremely reliable and precise technology.
Zomedica expects to begin commercial sales of TRUFORMA on March 30, 2021.
Based in Ann Arbor, Michigan, Zomedica (NYSE American: ZOM) is a veterinary health company creating products for dogs and cats by focusing on the unmet needs of clinical veterinarians.
Zomedica’s product portfolio will include innovative diagnostics and medical devices that emphasize patient health and practice health. (source: globenewswire.com)
Please leave me a message if you want to test the buy and sell indicators that i am using.
$QRVO Weekly Short Idea | Easy LootBullish Flag | Qorvo is an American semiconductor company that designs, manufactures, and supplies radio-frequency systems for applications that drive wireless and broadband communications, as well as foundry services.
Weekly Play: Short Position
Play 1:
Estimated time: 10-14 days
$105 Put 7/17 @ $235 per contract, looking to flip these at $107
After Play 1: waiting for breakout to grab play 2.
Monthly Play: Long Position
Play 2:
Estimated Time: 21-22 Days
$115 Call 8/21: Will update with contract price when entry is right.
Do not trade this, I am a 19 year old with no professional experience.
DotcomJack
Checkout some beautiful reads like this below:
QRVO - Bullish SetupQorvo gapped up on an earnings announcement & has held the level. The RSI seems to be bouncing off the 50 level as the slow stochastic exits an oversold condition. The recent low candle had a higher than average volume accompanying it which I noted on the chart. Good relative strength in this name too. This is a tech company within the semiconductor industry, which never hurts in this market.
QRVO - DAILY CHARTHi, today we are going to talk about the Qorvo Inc and its current landscape.
Huawei and its suppliers received exciting news, as the U.S. Commerce Department renewed a 90-day period extension, that grants to American companies’ permission to continue to do business with the giant Chinese telecom companies. Commerce Secretary Wilbur Ross's announcement included that the need for extension was also due to the necessity of some rural communities of the Huawei 3G and 4G networks. The extension should keep the supplying chain going, principally of the Americans ones like Qorvo Inc that have its revenues highly exposed to Huawei demand (11% of its revenue) and have now another quarter of relief from the tension of loose a so significant company like Huawei. The concerning aspect it’s if this extension doesn't lift the results of its supplier on the next quarter, considering that the Chinese company might already be restructuring its supply chain, as the uncertainty created by the ongoing Trade War that ended blacklisting the company on the U.S. The Huawei CEO Ren Zhengfei also already have been clearly vocal that isn't concerned with the U.S decisions and said that Huawei could grow without the U.S markets.
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