Acacia’s shares fell 7.4% in the week ended on May 19, while its shares fell 39.7% in the last six months. Its revenue has risen more than 100% annually.
In the third week of May, Chinese company Sina was the largest gainer in the tech sector—it rose 22.3%. Sina rose following good fiscal 1Q17 earnings.
Shares of semiconductor company Qorvo (QRVO) rose 11.4% last week. The stock is now trading at a 22-month high of $75.51.
BlackBerry (BBRY) stock rose 9.4% last week to close at $10.38. The shares rose after WannaCry’s ransomware attack last week infected several PCs.
Shares of Frontier Communications (FTR) rose 20.7% last week (ended May 19, 2017). The stock has been in a downward spiral for the past 12 months.
Shares of cyber security firm Symantec (SYMC) fell 6.4% in the week ended May 19, 2017.
Last week (ended May 19), Cisco (CSCO) announced its fiscal 3Q17 results and reported revenue of $11.9 billion, with EPS of $0.60.
Shares of US-based Acacia Communications (ACIA) fell 7.4% last week (ended May 19, 2017) to close at $44.18.
Of the 45 analysts covering Salesforce, 41 have given it a “buy” recommendation, while only one has recommended a “sell.”
Qualcomm’s (QCOM) stock price isn’t sensitive to the market’s movements. Even aggressive purchases by investors brought just a 3.8% rise in the stock’s price in ten days.
Qualcomm is looking to invest in customer engineering and marketing to bring cost-efficient technology to a larger audience and boost 4G adoption in the country.
There was increased optimism among investors in May 2017 after Qualcomm launched its Snapdragon 600 series and its Snapdragon 835 witnessed strong demand.
Qualcomm (QCOM) is a leader in the Smartphone market because of its wireless connectivity solutions, network infrastructure, and low-power, ARM-based Snapdragon processors.
Qualcomm plans to focus the combined company’s technology, sales channel, and scale toward the larger growth opportunity of the connected world.
According to a research report by Morgan Stanley, Smartphone shipments to India are expected to grow at a compound annual growth rate of 23% to 192 million by 2018.
Qualcomm (QCOM) reported strong growth in the QCT (Qualcomm CDMA Technology) segment in fiscal 2Q17.
Qualcomm continues to dominate the premium mobile processor market with its Snapdragon 800 series. However, the mobile demand trend is shifting toward mid- and low-tier phones.
Qualcomm (QCOM) is acquiring NXP Semiconductors (NXPI) to boost its chipset business, which is being hit by an overall slowdown in the Smartphone market.
Qualcomm (QCOM) is acquiring NXP Semiconductors (NXPI), which could expand the former’s exposure beyond communications and into automotive and security solutions.
Qualcomm is preparing for its biggest acquisition yet of NXP Semiconductors (NXPI) for $38 billion excluding debt. This move will change Qualcomm’s business model.