Report
Abhinav Davuluri
EUR 101.80 For Business Accounts Only

Nice 1Q Overshadowed By Softer Guidance for Best Idea Qualcomm; Shares Remain Undervalued

Qualcomm reported first-quarter results consistent with our expectations, including robust top-line growth and operating margin expansion in the firm’s chip business, or QCT. Licensing disputes continued to undermine the firm’s royalty business, or QTL, as Apple and an additional previously disclosed licensee withheld royalties. We remain positive on Qualcomm’s progress in diversifying its QCT segment into non-smartphone areas and we also expect the firm to successfully defend the viability of Q...
Underlying
Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Abhinav Davuluri

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