Qualcomm Announces Strategic Realignment Plan

Oppenheimer Cuts Price Target on Qualcomm (QCOM) Following 3Q15 Results

Oppenheimer reiterated an Outperform rating on Qualcomm (NASDAQ: QCOM), and cut the price target to $70.00 (from $75.00), following 3Q15. QCOM reported Sales of $5.83B and EPS of $0.99 vs. Street expectations of $5.85B and $0.95 respectively. Analyst Ittai Kidron said that from a fundamental standpoint there is... More

Qualcomm (QCOM) PT Lowered to $75 at Canaccord Genuity

Canaccord Genuity analyst T. Michael Walkley trimmed his price target on Qualcomm (NASDAQ: QCOM) to $75.00 (from $77.00) following earnings and the company's realignment plans.

Walkley commented, "alcomm reported Q3/F2015 results with pro forma EPS of $0.99 above our $0.93 estimate due to slightly stronger QCT shipments and a lower share count given... More

Qualcomm (QCOM) Bullish View Maintained at Cowen Following Realignment; PT Trimmed to $72

Cowen analyst Timothy Arcuri trimmed his price target on Qualcomm (NASDAQ: QCOM) to $72.00 (from $75.00) following Q2 results and the company's realignment but maintained a Outperform rating.

Arcuri commented, "We stayed at Outperform through some rough patches and now QCOM is finally... More

Qualcomm (QCOM) Posts Q3 EPS of 99c; Announces Strategic Realignment

(Updated - July 22, 2015 4:03 PM EDT)

Qualcomm (NASDAQ: QCOM) reported Q3 EPS of $0.99, versus the analyst estimate of $0.95. Revenue for the quarter came in at $5.8 billion versus the consensus estimate of $5.85 billion.

Business Outlook

The following statements are forward looking, and actual results may differ materially. The "Note Regarding Forward-Looking Statements" in this news release provides a description of certain risks that we face, and our most recent annual and quarterly reports on file with the Securities and Exchange Commission (SEC) provide a more complete description of risks.

Our... More