Qorvo Huge Beat Boosts Stock

2020년 1월 30일

Qorvo (NASDAQ:QRVO) +10.6% reports Q3 beats where the $1.86 EPS topped the highest consensus estimate. The upside Q4 outlook sees revenue of $800-840M and $1.55 EPS.
Q3 gross margin was 49.3%, above the 48% consensus estimate.
Cash flow from operations totaled 300.8M with FCF of 260.1M.
Source seeking alpha

Next leg up takes us to $138 but needs a stronger market.
Could test $118 as support if it holds, very bullish
Daily RSI has plenty of room to run higher.
Demand and guidance very bullish.