Previous Close | 12.12 |
Open | 11.35 |
Bid | 10.40 |
Ask | 11.00 |
Strike | 170.00 |
Expire Date | 2024-06-21 |
Day's Range | 11.35 - 12.12 |
Contract Range | N/A |
Volume | |
Open Interest | 162 |
Yahoo Finance Live anchors discuss the decline in stock for Qualcomm.
Top mobile technology equipment supplier Qualcomm (NASDAQ: QCOM) reported its latest set of earnings on Friday, and the market didn't react all that positively. Qualcomm's first quarter of fiscal 2023 saw the California-based company earn $9.46 billion in revenue, which was a 12% decline from the same period the previous year. This meant a mixed quarter for Qualcomm, as analysts tracking the stock were collectively estimating it would book $9.6 billion on the top line yet only $2.36 in per-share, adjusted net income.
The average brokerage recommendation (ABR) for Qualcomm (QCOM) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable. So, is it worth buying the stock?