Qualcomm Inc. (QCOM): Today's Featured Telecommunications Laggard
(
) pushed the Telecommunications industry lower today making it today's featured Telecommunications laggard. The industry as a whole was unchanged today. By the end of trading, Qualcomm fell $0.96 (-1.6%) to $59.99 on average volume. Throughout the day, 17,376,779 shares of Qualcomm exchanged hands as compared to its average daily volume of 13,829,200 shares. The stock ranged in price between $59.83-$60.94 after having opened the day at $60.75 as compared to the previous trading day's close of $60.95. Other companies within the Telecommunications industry that declined today were:
(
), down 9.4%,
(
), down 7.3%,
(
), down 6.7% and
(
), down 6.0%.
QUALCOMM Incorporated designs, develops, manufactures, and markets digital telecommunications products and services. It operates in four segments: QCT, QTL, QWI, and QSI. Qualcomm has a market cap of $105.2 billion and is part of the technology sector. Shares are down 1.5% year to date as of the close of trading on Friday. Currently there are 26 analysts that rate Qualcomm a buy, no analysts rate it a sell, and 4 rate it a hold.
TheStreet Ratings rates
Qualcomm
as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, impressive record of earnings per share growth and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Qualcomm Ratings Report.
On the positive front,
(
), up 10.2%,
(
), up 7.9%,
eOn Communications Corporation
(
), up 7.2% and
(
), up 6.2% , were all gainers within the telecommunications industry with
LM Ericsson Telephone Company ADR Class B
(
) being today's featured telecommunications industry leader.
- Use our telecommunications section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the telecommunications industry could consider
(
) while those bearish on the telecommunications industry could consider
ProShares Ult Sht Telecommunication
(
).
- Find other investment ideas from our top rated ETFs lists.
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