Reported 6 months ago
In its recent earnings report, Qualcomm (QCOM) showed a 1% year-over-year revenue growth and a 37% year-over-year increase in net income, leading to a 21st consecutive year of dividend increases. The stock has surged 45% this year, with institutional investors heavily betting on its future. Qualcomm's strong financial performance, with a 3-year sales growth rate of 18.5% and a 3-year EPS growth rate of 25%, along with an estimated +14% EPS increase this year, has contributed to its rise. The stock, long a top-rated pick at MAPsignals, reflects strong fundamentals and buy pressure, making it a potential candidate for a diversified portfolio.
Source: YAHOO