Qualcomm Stock In Latest News

Qualcomm Stock In Latest News!

Recent Review Of Qualcomm Stocks

Based on a YTD performance and priced at $133, Qualcomm Inc. stock (NASDAQ: QCOM) was valued at $79 a year ago but stands on $136 today. The company stock has a day range of $133-$137, a 52-week range of $74-168 and a market cap of $153B. The company also has a nice beta value of 1.20 and a P/E ratio of 19.50.

An American multinational corp. HQ in San Diego, Qualcomm manufactures semiconductors, software and services to similar to wireless technology. It also holds patents very important to 5G, 4G, CDMA2000, WCDMA and TD-SCDMA. Therefore, the company has a long-standing in the future as well.

Shares of Qualcomm stock traded 5.9% higher on Thursday after the company reported better than expected 2nd quarter earnings. Sales results were also very decent and the company issued 3rd quarter EPS better than estimates showing the company is geared for the months ahead.

In recent news though, Qualcomm’s vulnerability was found in millions of chips of Google, Samsung and other phones. Resultantly, the company stock has suffered.

In other news, security challenges might present serious and challenging times for Qualcomm and with the rise in security demand, Qualcomm will have to pace up to keep up.

Qualcomm is juggling many chip sets today. While it is bringing business, it is also harnessing growth for the company.

Android based devices could offer scalability challenge for Qualcomm ahead. However, also a chance to grow.

Stay tuned for more updates at Tech Unveiled.

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