Big Tech Earnings Drive Stock Market Gains Ahead of Fed Rate Hold
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- Stride Stock Surge: Shares of education technology company Stride (LRN) soared 36% after reporting a blowout Q2, with Career Learning segment revenue rising 24.5% to $289.9 million, lifting total enrollments to 248,500, and projecting Q3 revenue of $615 million to $645 million, exceeding consensus expectations.
- F5 Strong Performance: F5 (FFIV) shares climbed 11% as the company beat Q1 expectations with an 11% rise in product revenue, marking its sixth consecutive quarter of double-digit growth, while projecting Q2 revenue between $770 million and $790 million, well above the $748 million consensus.
- Seagate Optimistic Outlook: Seagate Technology (STX) shares jumped 10% after delivering upbeat Q2 results, guiding for Q3 adjusted EPS between $3.20 and $3.60, significantly exceeding the $2.99 consensus, with projected revenue of $2.8 billion to $3 billion, indicating a 34% year-over-year growth.
- Texas Instruments Steady Growth: Texas Instruments (TXN) shares advanced 8% after reporting Q4 revenue growth of 10% to $4.42 billion, with Q1 EPS expected between $1.22 and $1.48, above the $1.26 analyst estimate, and sales projected between $4.32 billion and $4.68 billion, reflecting strong market demand.
Analyst Views on QRVO
Wall Street analysts forecast QRVO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for QRVO is 100.08 USD with a low forecast of 85.00 USD and a high forecast of 110.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
17 Analyst Rating
1 Buy
15 Hold
1 Sell
Hold
Current: 82.500
Low
85.00
Averages
100.08
High
110.00
Current: 82.500
Low
85.00
Averages
100.08
High
110.00
About QRVO
Qorvo, Inc. is a global provider of connectivity and power solutions. The Company supplies semiconductor solutions. The Company operates through three segments: High Performance Analog (HPA), Connectivity and Sensors Group (CSG) and Advanced Cellular Group (ACG). The HPA segment is a global supplier of radio frequency (RF), analog mixed signal and power management solutions. The CSG segment is a global supplier of connectivity and sensor solutions, with broad expertise spanning ultra-wideband (UWB), Matter, Bluetooth Low Energy (BLE), Zigbee, Thread, Wi-Fi, cellular solutions for the Internet of Things (IoT) and microelectromechanical system (MEMS)-based sensors. The ACG segment is a global supplier of advanced cellular solutions for smartphones, wearables, laptops, tablets and other devices. The Company serves diverse segments of global markets, including automotive, consumer, defense and aerospace, industrial and enterprise, infrastructure and mobile.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
