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Qorvo, Inc. (QRVO)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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177.29-6.65 (-3.62%)
At close: 4:00PM EST
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Previous Close183.94
Open184.33
Bid176.50 x 1000
Ask177.24 x 800
Day's Range176.34 - 184.35
52 Week Range67.54 - 186.14
Volume1,457,737
Avg. Volume1,147,095
Market Cap20.221B
Beta (5Y Monthly)1.51
PE Ratio (TTM)46.73
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
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Press Releases
  • Qorvo® Unleashes Full 6 GHz Performance with New Wi-Fi 6E FEMs
    GlobeNewswire

    Qorvo® Unleashes Full 6 GHz Performance with New Wi-Fi 6E FEMs

    New FEMs support Wi-Fi 6E’s expanded capacity to deliver multi-gigabit speeds for consumer and enterprise devicesGREENSBORO, N.C., Jan. 12, 2021 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq:QRVO), a leading provider of innovative RF solutions that connect the world, today introduced two Wi-Fi 6E front end modules (FEMs) designed to maximize throughput and range in high-bandwidth applications such as 8K video streaming, online gaming and virtual reality. Wi-Fi 6E is an extension of Wi-Fi 6 that operates in the recently opened 6 GHz frequency band, in addition to the traditional 2.4 GHz and 5 GHz bands. Wi-Fi 6E triples Wi-Fi capacity with contiguous spectrum to accommodate 7 additional 160 MHz-wide channels or 14 additional 80 MHz channels. Qorvo’s Wi-Fi 6E FEMs unleash the full potential of this new spectrum, delivering leading linearity performance and maximizing throughput and capacity at peak permissible indoor power levels.   The Qorvo QPF4656 and QPF4632 deliver robust and rugged performance with world-class energy efficiency, and the highest speed and throughput at the maximum power levels supported by Wi-Fi 6E’s extended bandwidth. The QPF4656 is designed for consumer Wi-Fi 6E routers and gateways. The QPF4632 is designed for enterprise power-over-ethernet (POE) Wi-Fi 6E products and applications.The Qorvo Wi-Fi 6E FEMs deliver up to 25% more power efficiency than current solutions in compact packaging, enabling cost, size and thermal performance advantages in consumer and enterprise wireless networking solutions.Cees Links, general manager of Qorvo’s Wireless Connectivity business, said, “Qorvo’s new Wi-Fi 6E FEMs deliver on the Wi-Fi 6E promise to enable high-bandwidth applications with faster data speeds and lower latency—and in smaller, more rugged form factors. Consumers and businesses will see significant improvements in home entertainment, gaming and social experiences.”The QPF4656 and QPF4632 FEMs are sampling now.Connect with us virtually during the all-digital CES® (CES2021), January 11-14. For more information about Qorvo's solutions, announcements and meeting inquiries, visit our Qorvo CES 2021 landing page.Qorvo’s Wi-Fi portfolio serves a broad range of products from flagship smartphones and tablets, to consumer and enterprise gateway and smart home applications. Qorvo’s Wi-Fi 6 solutions enable significantly faster wireless upload and download speeds, increased capacity and improved power efficiency.About Qorvo Qorvo (Nasdaq: QRVO) makes a better world possible by providing innovative Radio Frequency (RF) solutions at the center of connectivity. We combine product and technology leadership, systems-level expertise and global manufacturing scale to quickly solve our customers’ most complex technical challenges. Qorvo serves diverse high-growth segments of large global markets, including advanced wireless devices, wired and wireless networks and defense radar and communications. We also leverage unique competitive strengths to advance 5G networks, cloud computing, the Internet of Things, and other emerging applications that expand the global framework interconnecting people, places and things. Visit www.qorvo.com to learn how Qorvo connects the world.Qorvo is a registered trademark of Qorvo, Inc. in the U.S. and in other countries. All other trademarks are the property of their respective owners. Media Contact: Katie Caballero Marketing Communications Manager Qorvo Infrastructure and Defense Products W + 1 972-994-8546 Katie.caballero@qorvo.com Investor Contact: Doug DeLieto VP, Investor Relations +1-336-678-7968 This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about our plans, objectives, representations and contentions, and are not historical facts and typically are identified by use of terms such as “may,” “will,” “should,” “could,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue” and similar words, although some forward-looking statements are expressed differently. You should be aware that the forward-looking statements included herein represent management’s current judgment and expectations, but our actual results, events and performance could differ materially from those expressed or implied by forward-looking statements. We do not intend to update any of these forward-looking statements or publicly announce the results of any revisions to these forward-looking statements, other than as is required under U.S. federal securities laws. Our business is subject to numerous risks and uncertainties, including those relating to fluctuations in our operating results; our substantial dependence on developing new products and achieving design wins; our dependence on a few large customers for a substantial portion of our revenue; a loss of revenue if contracts with the United States government or defense and aerospace contractors are canceled or delayed or if defense spending is reduced; the COVID-19 pandemic, which has and will likely continue to negatively impact the global economy and disrupt normal business activities, and which may have an adverse effect on our results of operations; our dependence on third parties; risks related to sales through distributors; risks associated with the operation of our manufacturing facilities; business disruptions; poor manufacturing yields; increased inventory risks and costs due to timing of customer forecasts; our inability to effectively manage or maintain evolving relationships with platform providers; risks from international sales and operations; economic regulation in China; changes in government trade policies, including imposition of tariffs and export restrictions; our ability to implement innovative technologies; underutilization of manufacturing facilities as a result of industry overcapacity; we may not be able to borrow funds under our credit facility or secure future financing; we may not be able to generate sufficient cash to service all of our debt; restrictions imposed by the agreements governing our debt; volatility in the price of our common stock; damage to our reputation or brand; fluctuations in the amount and frequency of our stock repurchases; our recent and future acquisitions and other strategic investments could fail to achieve financial or strategic objectives; our ability to attract, retain and motivate key employees; our reliance on our intellectual property portfolio; claims of infringement of third-party intellectual property rights; security breaches and other similar disruptions compromising our information; theft, loss or misuse of personal data by or about our employees, customers or third parties; warranty claims, product recalls and product liability; and risks associated with environmental, health and safety regulations and climate change. Many of the foregoing risks and uncertainties are, and will continue to be, exacerbated by the COVID-19 pandemic and any worsening of the global business and economic environment as a result. These and other risks and uncertainties, which are described in more detail in Qorvo’s most recent Annual Report on Form 10-K and in other reports and statements filed with the Securities and Exchange Commission, could cause actual results and developments to be materially different from those expressed or implied by any of these forward-looking statements.

  • Qorvo® Launches First Fully Integrated Automotive eCall Switch with Industry-Leading Reliability and Performance
    GlobeNewswire

    Qorvo® Launches First Fully Integrated Automotive eCall Switch with Industry-Leading Reliability and Performance

    Single, compact routing switch replaces multiple discrete devices for emergency communicationsGREENSBORO, N.C., Jan. 11, 2021 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq: QRVO), a leading provider of innovative RF solutions that connect the world, today introduced the first integrated broadband antenna routing switch that enables Emergency Calling (eCall) for automobiles. The low loss, high linearity switch allows a primary cellular link to be switched to other antennas within the car to ensure reliable connectivity with life-saving services during an accident. eCall has been available as a car manufacturer offering within the U.S. beginning in 2008, and the safety feature has been mandatory on all cars sold in the EU since 2018.Qorvo offers two versions of the new AECQ Grade switch: the QPC1251Q for eCall and QPC1252Q for Dual Sim Dual Active (DSDA) eCall. Both deliver up to 50 percent board area savings over traditional discrete switch implementations and provide hot switching capabilities up to +29 dBm – suitable for all Telematic Control Unit (TCU) configurations. They also reduce insertion loss up to 1 dB, maximizing the effective power delivered to the external eCall antenna array. This minimizes thermals and enables better cellular and 5G connectivity, even in areas with limited signals.The QPC1251Q/1252Q are designed in small, pin-to-pin form factors with 2DID-enabled traceability to support the most challenging TCU requirements. OEM and Tier 1 suppliers need only one switch to have a complete eCall antenna routing solution that supports DSDA and non-DSDA applications. Competing offerings require four-plus discrete switches, associated matching and several engineering man-months of TCU board layout.Gorden Cook, general manager of Qorvo’s Transport business, said, “The eCall requirement in today’s advanced 5G TCUs demands an innovative approach to DSDA and non-DSDA antenna configurations. These new eCall products reflect Qorvo’s in-depth understanding of automotive and cellular 4G and 5G NAD solutions, our deep system-level expertise, and our ability to deliver best-in-class integrated solutions addressing the eCall antenna routing challenge.”Roger C. Lanctot, director of Automotive Connected Mobility, Strategy Analytics, said, “A robust, reliable and yet simple antenna system is essential to implementing automatic emergency crash notification systems in cars. These systems are rapidly becoming standard equipment in connected cars for saving lives and fulfilling regulatory requirements.”Connect with us virtually during the all-digital CES® (CES2021), January 11-14. For more information about Qorvo's solutions, announcements and meeting inquiries, visit our Qorvo CES 2021 landing page.Qorvo offers a broad portfolio of automotive solutions for V2X, Wi-Fi, SDARS, UWB, eCall, LTE and 5G. These solutions are developed in close alignment with multiple chipsets in use by the leading module makers and are designed to support long automotive lifecycles. In addition to meeting ISO/TS 16949 certification, Qorvo performs AEC-Q100 and AEC-Q200 testing to ensure products meet stringent automotive industry requirements. Additional information about Qorvo’s automotive RF solutions, including Qorvo's Connected Car For Dummies® ebook can be found here.About Qorvo Qorvo (Nasdaq: QRVO) makes a better world possible by providing innovative Radio Frequency (RF) solutions at the center of connectivity. We combine product and technology leadership, systems-level expertise and global manufacturing scale to quickly solve our customers' most complex technical challenges. Qorvo serves diverse high-growth segments of large global markets, including advanced wireless devices, wired and wireless networks and defense radar and communications. We also leverage unique competitive strengths to advance 5G networks, cloud computing, the Internet of Things, and other emerging applications that expand the global framework interconnecting people, places and things. Visit www.qorvo.com to learn how Qorvo connects the world.Qorvo is a registered trademark of Qorvo, Inc. in the U.S. and in other countries. All other trademarks are the property of their respective owners. Investor Relations Contact: Doug DeLieto VP, Investor Relations W +1-336-678-7968 Media Contact: Katie Caballero Marketing Communications Manager Qorvo Infrastructure and Defense Products W + 1 972-994-8546 Katie.caballero@qorvo.com This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about our plans, objectives, representations and contentions, and are not historical facts and typically are identified by use of terms such as "may," "will," "should," "could," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential," "continue" and similar words, although some forward-looking statements are expressed differently. You should be aware that the forward-looking statements included herein represent management’s current judgment and expectations, but our actual results, events and performance could differ materially from those expressed or implied by forward-looking statements. We do not intend to update any of these forward-looking statements or publicly announce the results of any revisions to these forward-looking statements, other than as is required under U.S. federal securities laws. Our business is subject to numerous risks and uncertainties, including those relating to fluctuations in our operating results; our substantial dependence on developing new products and achieving design wins; our dependence on a few large customers for a substantial portion of our revenue; a loss of revenue if contracts with the United States government or defense and aerospace contractors are canceled or delayed or if defense spending is reduced; the COVID-19 pandemic, which has and will likely continue to negatively impact the global economy and disrupt normal business activities, and which may have an adverse effect on our results of operations; our dependence on third parties; risks related to sales through distributors; risks associated with the operation of our manufacturing facilities; business disruptions; poor manufacturing yields; increased inventory risks and costs due to timing of customer forecasts; our inability to effectively manage or maintain evolving relationships with platform providers; risks from international sales and operations; economic regulation in China; changes in government trade policies, including imposition of tariffs and export restrictions; our ability to implement innovative technologies; underutilization of manufacturing facilities as a result of industry overcapacity; we may not be able to borrow funds under our credit facility or secure future financing; we may not be able to generate sufficient cash to service all of our debt; restrictions imposed by the agreements governing our debt; volatility in the price of our common stock; damage to our reputation or brand; fluctuations in the amount and frequency of our stock repurchases; our recent and future acquisitions and other strategic investments could fail to achieve financial or strategic objectives; our ability to attract, retain and motivate key employees; our reliance on our intellectual property portfolio; claims of infringement of third-party intellectual property rights; security breaches and other similar disruptions compromising our information; theft, loss or misuse of personal data by or about our employees, customers or third parties; warranty claims, product recalls and product liability; and risks associated with environmental, health and safety regulations and climate change. Many of the foregoing risks and uncertainties are, and will continue to be, exacerbated by the COVID-19 pandemic and any worsening of the global business and economic environment as a result. These and other risks and uncertainties, which are described in more detail in Qorvo’s most recent Annual Report on Form 10-K and in other reports and statements filed with the Securities and Exchange Commission, could cause actual results and developments to be materially different from those expressed or implied by any of these forward-looking statements.

  • Zomedica to Remain Domiciled in Canada
    GlobeNewswire

    Zomedica to Remain Domiciled in Canada

    Progress Continuing Toward Commercialization of TRUFORMA™ANN ARBOR, Mich., Dec. 15, 2020 (GLOBE NEWSWIRE) -- Zomedica Corp. (NYSE American: ZOM) (“Zomedica” or the “Company”), a veterinary health company creating point-of-care diagnostics products for dogs and cats, today announced that while a majority of shareholders voted at its Special Virtual-Only Meeting of Shareholders held on December 15, 2020 in favor of the Company’s proposed domestication to Delaware, shareholders failed to approve the proposal by the necessary 2/3 vote and therefore the domestication will not be implemented. "I would like to sincerely thank our many shareholders who supported management's recommendation and voted in favor of the domestication of Zomedica, which would have enabled management to achieve a significant cost savings for the Company," stated Robert Cohen, Interim Chief Executive Officer of Zomedica. Because the domestication proposal failed to receive the votes required for approval, the implementation of a new stock option plan will not occur even though it was approved by the requisite majority vote at the meeting.  The Company will continue to use its present stock option plan to grant options to its personnel. Mr. Cohen further stated that, "Remaining a Canadian company will have no impact whatsoever on our upcoming commercial release of TRUFORMA™, planned for March 30, 2021.  Management, as well as all employees of Zomedica, continues to be focused on that release, as evidenced by the recently announced "launch team" that has been put in place.  We look forward to providing additional updates as we prepare for this exciting event.”Protected by approximately 70 issued and pending patents, the TRUFORMA diagnostic platform uses Bulk Acoustic Wave (“BAW”) technology, developed by Qorvo (NASDAQ: QRVO), to provide a non-optical and fluorescence-free detection system for use at the point-of-care. BAW technology, also used in cell phones and in the world’s most advanced radar and communications systems, is an extremely reliable and precise technology. Zomedica expects to begin commercial sales of TRUFORMA on March 30, 2021.About Zomedica Based in Ann Arbor, Michigan, Zomedica (NYSE American: ZOM) is a veterinary health company creating products for dogs and cats by focusing on the unmet needs of clinical veterinarians. Zomedica’s product portfolio will include innovative diagnostics and medical devices that emphasize patient health and practice health. It is Zomedica’s mission to provide veterinarians the opportunity to increase productivity and grow revenue while better serving the animals in their care. For more information, visit www.ZOMEDICA.com.Follow Zomedica * Email Alerts: http://investors.zomedica.com * LinkedIn: https://www.linkedin.com/company/zomedica * Facebook: https://www.facebook.com/zomedica/ * Twitter: https://twitter.com/zomedicaReader Advisory Except for statements of historical fact, this news release contains certain "forward-looking information" or “forward-looking statements” (collectively, “forward-looking information”) within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur and include statements relating to our expectations regarding the public offering. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.Forward-looking information is based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: uncertainty as to whether our strategies and business plans will yield the expected benefits; uncertainty as to the timing and results of development work and verification and validation studies; uncertainty as to the timing and results of commercialization efforts; uncertainty as to our ability to supply equipment and assays in response to customer demand; uncertainty as to the likelihood and timing of any required regulatory approvals, availability and cost of capital; the ability to identify and develop and achieve commercial success for new products and technologies; veterinary acceptance of our products; competition from related products; the level of expenditures necessary to maintain and improve the quality of products and services; changes in technology and changes in laws and regulations; our ability to secure and maintain strategic relationships; performance by our strategic partners of our obligations under our commercial agreements, including product manufacturing obligations; risks pertaining to permits and licensing, intellectual property infringement risks, risks relating to any required clinical trials and regulatory approvals, risks relating to the safety and efficacy of our products, the use of our products, intellectual property protection, risks related to the COVID-19 pandemic and its impact upon our business operations generally, including our ability to develop and commercialize our products, and the other risk factors disclosed in our filings with the SEC and under our profile on SEDAR at www.sedar.com. Readers are cautioned that this list of risk factors should not be construed as exhaustive.The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.Investor Relations Contact: PCG Advisory Kirin Smith, President ksmith@pcgadvisory.com +1 646.863.6519