Information Provided By:
Fly News Breaks for June 5, 2019
QRVO, SWKS
Jun 5, 2019 | 09:14 EDT
MKM Partners analyst Ruben Roy lowered his price target on Skyworks (SWKS) to $90 after the company cut its Q3 earnings guidance to account for the impact of Huawei export ban. The analyst also notes that the cut is "not especially surprising" after its peer Qorvo (QRVO) reduced its June quarter estimates, keeping his Buy rating on the stock. Roy believes that Skyworks stands to "ultimately benefit from higher content in 5G base stations and handsets" while also diversifying its overall revenue base.
News For SWKS;QRVO From the Last 2 Days
There are no results for your query SWKS;QRVO