Qualcomm’s business model of collecting royalties from almost every smartphone and wireless device produced around the world has come under pressure in recent years by both customers and regulators.
That makes it increasingly difficult for Qualcomm to collect the royalties it once collected and be the growth company once it was.
Wall Street has taken notice. Qualcomm’s stock has been an underperformer in a hot technology market, gaining just one-percent over the last twelve months, compared to 22.47 percent of the Powershares QQQ–see table.
Qualcomm’ Financials 4/20/2017
Top 5 Tech Stocks To Buy Right Now: MicroStrategy Incorporated(MSTR)
- [By Jim Robertson]
Small cap Alarm.com Holdings would bethe leading platform for the intelligently connected property. Millions of people depend on Alarm.com Holdings technology to monitor and control their property from anywhere. Centered on security and remote monitoring, the Companys platform addresses a wide range of market needs and enables application-based control for a growing variety of Internet of Things (IoT) devices.Its security, video monitoring, intelligent automation and energy management solutions are available througha network of thousands of professional service providers in North America and around the globe. The Company went public in June 2015 as a spinoff from MicroStrategy Incorporated (NASDAQ: MSTR) with shares selling for $14 during the IPO.
- [By Chris Neiger]
MicroStrategy (NASDAQ:MSTR) reported its first-quarter results on April 27, and the company saw its total revenue tick up by 1.3% year over year. Just as with the company’s fourth-quarter results, MicroStrategy’s management said foreign-currency headwinds continued to have a negative impact on the company’s overall sales.
Top 5 Tech Stocks To Buy Right Now: Cerner Corporation(CERN)
- [By Ben Levisohn]
Cerner (CERN) tumbled to the bottom of the S&P 500 today after meetings earnings forecasts but offering below-consensus guidance.
Agence France-Presse/Getty Images
Cerner dropped 4.4% to $51.50 today, while the S&P 500 rose 0.4% to 2,316.10.
SunTrust Robinson Humphrey’s Sandy Draper and team contend that “most of the bad news is already priced in.” They explain:
Although we expect this news to weigh on the stock…we think the market has remained cautious on CERN shares heading into the 4Q16 print given the uneven execution throughout 2016 and the post-election regulatory uncertainty that has broadly weighed on the HCIT space as a whole. We observe that CERN shares closed about 3% below the level they traded at this time last year, while the S&P was up over 21% in that time. The muted 12-month performance in the stock suggests the market rightly anticipated unattractive year-end results and 2017 guidance, which suggests to us that downside to CERN shares should be limited.
Cerner’s market capitalization fell to $17.5 billion today from $18.3 billion yesterday.
Barron’s Vito Racanelli recommended shares of Cerner on March 16, 2016, when the stock traded at $51.46.
- [By Ben Levisohn]
Cerner (CERN) soared to the top of the S&P 500 today after thehealth care information technology company reported better-than-expected earnings and revenue.
Cernergained 7.8% to $64.75 at 5:03 p.m. today, while the S&P 500 declined 0.2% to 2,384.20.
Canaccord Genuity’s Richard Close and Brian Hoffman contend Cerner may be “rediscovered its mojo.” They explain:
We reiterate our BUY rating and raise our PT to $66 (was $59) as the company finally
appears to have provided quarterly and annual targets that it can meet. Possibly more important, analyst expectations sit near the mid-point of guidance, portending upside potential. The outlook appears solid as the company (1) rebuilds a track record of delivering on expectations, (2) reaffirmed confidence in 2017 bookings growth, and (3) has a strengthened pipeline for ITWorks and revenue cycle. CERN may have rediscovered its mojo.
Cerner’s market capitalization rose to $21.4 billion today from $19.8 billion yesterday.
Top 5 Tech Stocks To Buy Right Now: Integrated Device Technology, Inc.(IDTI)
- [By Lisa Levin]
T-Mobile US Inc (NYSE: TMUS) reported upbeat earnings for its fourth quarter on Tuesday.
Integrated Device Technology Inc (NASDAQ: IDTI) agreed to acquire GigPeak Inc (NYSE: GIG) for around $250 million in cash.
Charles River Laboratories Intl. Inc (NYSE: CRL) reported better-than-expected profit for its fourth quarter.
Amkor Technology, Inc. (NASDAQ: AMKR) posted downbeat revenue for its fourth quarter and issued a weak outlook for the current quarter.
- [By Lisa Levin]
Find out what's going on in today's market and bring any questions you have to Benzinga's PreMarket Prep.
Analysts are expecting Discovery Communications Inc. (NASDAQ: DISCA) to have earned $0.47 per share on revenue of $1.69 billion in the latest quarter. Discovery Communications shares rose 0.17 percent to $29.08 in after-hours trading.
Analysts expect T-Mobile US Inc (NASDAQ: TMUS) to report
Top 5 Tech Stocks To Buy Right Now: Staffing 360 Solutions, Inc.(STAF)
- [By Bryan Murphy]
It may not get there overnight. In fact, it almost assuredly won’t get there overnight. If Greenridge Global Equity Research is right though, then eventually, Staffing 360 Solutions Inc (NASDAQ:STAF) shares are going to reach a value of $3.00, up 322% from their present value.
That would be a massive move for STAF, and though stocks can and do move that far, usually it takes so long to muster such a move that analysts don’t even bother looking that far out. It may not take Staffing 360 Solutions as much time to hammer out that triple-digit advance as you might expect, though, once you read through Greenridge’s explanation.
Staffing 360 Solutions is an IT staffing firm. There’s little doubt now’s the right time to be in the business. As much as we’ve come to rely on technology over the course of the past ten year, we’ve not even come close to how we’re going to digitize the next ten years.
A recent conclusion from technology research outfit IDC speaks volumes, saying that by the end of 2017, two-thirds of the CEOs of Global 2000 companies will have digital transformation at the center of their corporate strategies. How are they going to make that happen? Deloitte recently posted some research of its own that should shed some light on the idea. The giant accounting form observed that “In order to maintain the competitive pace of innovation, companies find themselves engaged in a global war for talent.”
That’s a trend also observed by the Department of Labor, which in its 2014-2024 occupational outlook handbook noted: “Employment of computer and information technology occupations is projected to grow 12 percent from 2014 to 2024, faster than the average for all occupations. These occupations are expected to add about 488,500 new jobs, from about 3.9 million jobs to about 4.4 million jobs from 2014 to 2024, in part due to a greater emphasis on cloud computing, the collection and storage of big data, more everyday items becoming conn
- [By James E. Brumley]
We week ago, IT staffing agency Staffing 360 Solutions Inc (NASDAQ:STAF) announced some very impressive preliminary second quarter numbers. Revenue of $47 million was up 14% year-over-year, while gross profits of $8.1 million grew 8% compared to year-ago levels. In both cases, the growth extended a long-term trend.
As impressive as the forward progress for STAF was, though, it still wasn’t the whole story, nor were they the official numbers for the quarter in question. Per this weekend’s press release, Staffing 360 Solutions will give us the official version of the rest of the story on Wednesday of this week — the 11th — in the morning, shortly before a conference call slated for 9:00 am that morning. That announcement will add net income, EBITDA and operational cash flow numbers to the information shared last week, and should extend growth trends on those measures as well.
Staffing 360 Solutions is putting together bigger IT staffing firm at the ideal time. A recent report from technology research outfit IDC, determined that by the end of 2017, two-thirds of the CEOs of Global 2000 companies will have digital transformation at the center of their corporate strategies. How are they going to make that happen? Deloitte recently posted some research of its own that should shed some light on the idea. The giant accounting form observed that “In order to maintain the competitive pace of innovation, companies find themselves engaged in a global war for talent.”
That’s a trend also observed by the Department of Labor, which in its 2014-2024 occupational outlook handbook noted: “Employment of computer and information technology occupations is projected to grow 12 percent from 2014 to 2024, faster than the average for all occupations. These occupations are expected to add about 488,500 new jobs, from about 3.9 million jobs to about 4.4 million jobs from 2014 to 2024, in part due to a greater emphasis on cloud computing, the collection and
- [By James E. Brumley]
The staffing industry – and the IT staffing industry in particular – is poised for tremendous growth in the foreseeable future, and that rising tide bodes very well for Staffing 360 Solutions Inc. (NASDAQ:STAF).
Top 5 Tech Stocks To Buy Right Now: Black Box Corporation(BBOX)
- [By Monica Gerson]
Black Box Corporation (NASDAQ: BBOX) is expected to post its quarterly earnings at $0.26 per share on revenue of $218.41 million.
Posted-In: Earnings scheduleEarnings News Pre-Market Outlook Markets