After reporting fiscal Q4 beats, Qorvo (NASDAQ:QRVO) guides Q1 revenue of $710-750M (consensus: $710.01M) and $1.13 EPS at the midpoint with gross margin of approximately 47.5%.
Management's coronavirus comment: "While our June quarter guidance reflects the ongoing demand and supply effects of COVID-19, we are encouraged by continued growth in 5G handsets and...
Indicators bullish as is price action
QRVO has some catch up to perform on the sector.
Analysts are positioning on the bullish side pre- earnings
Recent upgrade
Raymond James and Canaccord Genuity gave Qorvo (NASDAQ: QRVO) a Buy rating last month, the company received another Buy, this time from Needham. Analyst Rajvindra Gill assigned a Buy rating to Qorvo...
QRVO is forming the rounding down formation pattern. It has its moving averages converging nicely above it as support, which will help push this price lower to the $72 level.
QRVO chart has just filled its gap to the downside. Typically after a gap fill, it reverses and trends to the first level of resistance. If the market can bounce, this will easily reverse.
A High-quality earnings stock!
Qorvo trading at 11.8% below its fair value, Earnings are forecast to grow 33% per year, Earnings grew by 495% over the past year. During the last year, QRVO exceeded the US Semiconductor industry by 22%.
From a technical standpoint, if we can stay above support or preferably above the green trend line, further upside should...
Thank's to youtube user Elliot Wave International I spotted out this count of Qorvo, a company that provides innovative and high performance RF solutions for advanced wireless devices, defense radar and communications. because I saw his count was wrong I started my own and realized that the view is more bullish than expected... I'll keep...
Qorvo (NASDAQ:QRVO) +10.6% reports Q3 beats where the $1.86 EPS topped the highest consensus estimate. The upside Q4 outlook sees revenue of $800-840M and $1.55 EPS.
Q3 gross margin was 49.3%, above the 48% consensus estimate.
Cash flow from operations totaled $300.8M with FCF of $260.1M.
Source seeking alpha
Next leg up takes us to $138 but needs a stronger...
Qorvo 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,...
QRVO recently had a huge High Frequency Trader gap after a compression consolidation pattern. The stock continues to move up with Volume Weighted Average Price orders due to Smaller Funds buying after the gap.
Hi, 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...
Qorvo gapped up to the PCZ of a bearish butterfly. It could extend up to the 1.618 retrace, but it's currently at a 1.5 retrace and has potential to reverse at any moment. It's severely overbought on the oscillators; primed to pop.
Entry level $78.55 = Target price $85.25 = Stop loss $77
Specializes in radar, communications, and electronic warfare systems for the defense and aerospace industries.
Expertise in the connected auto segment.
Market cap 9.05B could be a takeover target.
Technically the chart id on the verge of near term breakout, and ready to challenge old highs.
Indicators...
QRVO broke out of the $76 level to only reach another level of resistance at the $79 level. It recently has swung back and retested and held the $76 level. This tells me it will have another push towards $79 level and this time breakout with momentum as it has already tested the $79 level 6 times. If it can breakout of the $79 level it will have strength all...
