GET DAILY SIGNALSQorvo (QRVO, $78.41) beats Q4 earnings expectations, and posts higher-than-expected guidance
Qorvo reported its fiscal fourth quarter bottom-line that exceeded analysts’ expectations.
The radio frequency device chipmaker reported earnings of $1.22 per share for the quarter, compared to analysts’ estimates of $1.05 per share (based on FactSet data).
Revenue of $681 million also surpassed analysts’ estimates of $670.6 million.
For the current quarter, the company predicts earnings of $1.30 per share on revenue between $780 million and $800 million – both of which are higher than analysts’ expectations of $1.05 earnings per share on revenue of $690.1 million.
On May 6, Qorvo announced the completion of its acquisition of power management company Active-Semi International.
Contributor
Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
Aroon Indicator for QRVO shows an upward move is likely
QRVO's Aroon Indicator triggered a bullish signal on October 02, 2026. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 187 similar instances where the Aroon Indicator showed a similar pattern. In 115 of the 187 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at 61%.
Technical Analysis (Indicators)
Bullish Trend Analysis
Bearish Trend Analysis
Advertisement
General Information
a manufacturer of radio frequency, analog, and mixed signal integrated circuits
Industry Semiconductors
Advertisement