Qorvo Inc. ($QRVO) Stock Forecast: Down 5.1% Today

What is Qorvo Inc.?

Qorvo Inc. (NASDAQ: QRVO) is a company specializing in radio frequency solutions for mobile, infrastructure, and aerospace/defense applications. Today, the stock QRVO experienced a strong bearish movement in the market.

Why is Qorvo Inc. going down?

QRVO stock is down 5.1% on Jan 30, 2025 16:08

• Despite Qorvo reporting better-than-expected third-quarter financial results, the stock saw a bearish movement, indicating a possible "sell the news" reaction from investors.
• The slashing of forecasts by analysts post the earnings report could have raised concerns about future growth prospects, leading to a sell-off in the stock.
• Although Qorvo's earnings and revenues surpassed estimates, the year-over-year sales drop in key business verticals might have overshadowed the positive results, contributing to the bearish movement.
• The market reaction could also be influenced by profit-taking behaviors from investors who witnessed a significant stock price increase following the earnings release.

QRVO Price Chart

QRVO Technical Analysis

QRVO News

Qorvo Analysts Slash Their Forecasts After Q3 Results - Qorvo ( NASDAQ:QRVO )

Qorvo, Inc. QRVO reported better-than-expected third-quarter financial results after Tuesday's closing bell. Qorvo reported quarterly earnings of $1.61 per share, which beat the analyst consensus estimate of $1.20. Quarterly revenue came in at $916.3 million, which beat the analyst consensus ...

https://www.benzinga.com/25/01/43304372/qorvo-analysts-slash-their-forecasts-after-q3-results

Qorvo Q3 Earnings Surpass Estimates Despite Lower Revenues

Despite year-over-year sales drop in the key business vertical, strength in key end markets such as defense and aerospace supported QRVO's top-line growth.

https://www.zacks.com/stock/news/2405259/qorvo-q3-earnings-surpass-estimates-despite-lower-revenues

Qorvo ( QRVO ) Q3 Earnings and Revenues Top Estimates

Qorvo (QRVO) delivered earnings and revenue surprises of 34.17% and 1.66%, respectively, for the quarter ended December 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2404981/qorvo-qrvo-q3-earnings-and-revenues-top-estimates

Qorvo Stock Soars After Strong Q3 Results: Details - Qorvo ( NASDAQ:QRVO )

Qorvo reports quarterly earnings of $1.61 per share, which beat the analyst consensus estimate of $1.20. Quarterly revenue comes in at $916.3 million, which beat the analyst consensus estimate of $901.51 million. Get the Real Story Behind Every Major Earnings Report Qorvo, Inc.

https://www.benzinga.com/news/earnings/25/01/43288076/qorvo-stock-soars-after-strong-q3-results-details

What's Going On With Qorvo Shares Monday? - Qorvo ( NASDAQ:QRVO )

Qorvo is expected to release 2024 fiscal-year third-quarter earnings on Jan. 28 after the market closes. Piper Sandler upgraded the stock from a Neutral rating to a Overweight rating and raised its price target from $85 to $110. Get Wall Street's Hottest Chart Every Morning Qorvo, Inc.

https://www.benzinga.com/25/01/43244712/whats-going-on-with-qorvo-shares-monday

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Qorvo Inc. Price History

17.00.2025 - QRVO Stock was up 9.9%

• Qorvo's stock surged 7% after hours following an announcement that an activist investor had acquired a stake in the company.
• It was revealed that the investor now holds a 7.7% stake in Qorvo, valued at around $500 million, with plans for operational enhancements.
• Investor sentiment towards Qorvo's future outlook was likely lifted by this development, leading to the notable rise in the stock price.
• The market responded favorably to the anticipated operational and strategic changes anticipated with the involvement of the activist investor.

17.00.2025 - QRVO Stock was up 11.3%

• Qorvo saw a significant bullish movement following an activist investor acquiring a 7.7% stake in the company, valued at around $500 million. This development likely boosted investor confidence in potential operational changes and strategic direction.
• The positive sentiment around Qorvo may have been influenced by the overall bullish market trend, with U.S. stocks, including big players like Schlumberger Limited, posting positive results and driving the market higher.
• The announcement of the investor's stake in Qorvo may have generated optimism among investors, leading to increased buying interest and pushing the stock price higher after hours.
• This strategic investment by the activist investor in Qorvo represents a potential catalyst for the company's future growth and operational enhancements, aligning with market expectations and contributing to the stock's bullish movement.

06.11.2024 - QRVO Stock was down 4.8%

• The bearish movement in QRVO stock could be attributed to investors' reactions to the upcoming presentation at the Barclays 22nd Annual Global Technology Conference.
• Investors might have concerns or uncertainties about the information that will be shared during the presentation, leading to a sell-off of QRVO shares.
• The market might be interpreting the presentation as potentially negative news for Qorvo, prompting a bearish sentiment among traders.

30.09.2024 - QRVO Stock was down 26.8%

• Qorvo's stock faced heavy selling pressure post second-quarter financial results and lower-than-expected third-quarter guidance.
• Despite surpassing analyst estimates for adjusted earnings, concerns about performance and weaker revenues sent a warning signal to investors.
• Year-over-year sales decline in various business verticals, along with earnings beats, contributed to the bearish movement in the stock.
• The overall market sentiment towards Qorvo turned negative due to disappointing financial results and guidance, resulting in a significant drop in the stock price.

30.09.2024 - QRVO Stock was down 26.5%

• Investor worries were sparked by Qorvo's earnings, which fell short of expectations. This has raised concerns about the smartphone industry's outlook, especially with prominent customers like Apple.
• While Qorvo exceeded Q2 earnings projections, a year-over-year drop in sales across different sectors likely contributed to the market's bearish behavior.
• Following the release of Q2 results and Q3 guidance below predictions, the stock declined. This suggests uncertainties regarding the company's future performance and growth prospects.

30.09.2024 - QRVO Stock was down 25.5%

• Qorvo's stock fell after the company reported its second-quarter results, with earnings of $1.88 per share slightly beating analyst estimates. However, the market may have reacted negatively to the company's third-quarter guidance falling below expectations.
• The anticipated revenue decline in the second quarter of fiscal 2025, attributed to market weakness and competition, likely contributed to the bearish sentiment surrounding QRVO stock.
• Investors may have been disappointed by the company's performance and outlook, leading to a sell-off of QRVO shares in response to the news.

29.07.2024 - QRVO Stock was up 5.8%

• The upcoming presentation at a technology conference could have generated positive investor sentiment and anticipation for potential announcements or developments.
• The insider sale of shares by Director Roderick Nelson might have initially raised concerns, but the overall market reaction seems to have been overshadowed by the positive outlook from the conference presentation.
• The market is likely optimistic about Qorvo's potential rebound following a recent 6.3% decline after the last earnings report, possibly leading to increased buying interest and driving the bullish movement in the stock.

29.07.2024 - QRVO Stock was up 5.3%

• The announcement of Qorvo executives presenting at a significant conference could have sparked investor optimism and confidence in the company's future prospects.
• The insider sale of shares by Director Roderick Nelson might have been overshadowed by the positive outlook generated from the upcoming conference presentation.
• The potential gains related to AI collaborations with a major tech company, cost optimization efforts, and the anticipation of economic policy changes could have further boosted investor sentiment towards Qorvo, contributing to the bullish market movement.

30.00.2025 - QRVO Stock was down 5.1%

• Despite Qorvo reporting better-than-expected third-quarter financial results, the stock saw a bearish movement, indicating a possible "sell the news" reaction from investors.
• The slashing of forecasts by analysts post the earnings report could have raised concerns about future growth prospects, leading to a sell-off in the stock.
• Although Qorvo's earnings and revenues surpassed estimates, the year-over-year sales drop in key business verticals might have overshadowed the positive results, contributing to the bearish movement.
• The market reaction could also be influenced by profit-taking behaviors from investors who witnessed a significant stock price increase following the earnings release.

31.09.2024 - QRVO Stock was down 5.1%

• Qorvo's stock faced heavy selling pressure after reporting second-quarter financial results and issuing third-quarter guidance below estimates, leading to a bearish sentiment among investors.
• The options market also reflected a bearish stance on Qorvo, with large trades indicating a negative outlook on the stock.
• Despite surpassing earnings estimates in the second quarter, concerns about lower revenues and business verticals' performance contributed to the overall bearish movement in QRVO stock.
• The warning signal sent by Qorvo's performance also had implications for other companies like Apple, hinting at broader market concerns and impacting investor sentiment negatively.

08.07.2024 - QRVO Stock was up 5.4%

• QRVO's upward trends could be linked to its mention as a promising investment option in the tech sector for the next bullish market phase.
• Consideration of QRVO as a valuable investment opportunity within the technology industry likely garnered heightened investor attention.
• The positive price movement of QRVO may indicate investors recognizing its strategic positioning in the tech market based on growth potential.

01.07.2024 - QRVO Stock was down 5.1%

• Qorvo's Q1 earnings beat estimates and saw a rise in net sales year-over-year, indicating strong performance in its business segments.
• Despite the positive earnings report, the stock faced a bearish trend possibly due to profit-taking by investors after a recent run-up in the stock price.
• Analysts increasing the price target for Qorvo shows confidence in the company's long-term growth prospects, which could potentially reverse the bearish movement in the near future.
• The mixed Q1 results and sequential challenges mentioned in the earnings call transcript might have contributed to investor uncertainty and led to the bearish market movement.