Home / Business / Pre-Movers Stocks In Imitation: QUALCOMM (NASDAQ:QCOM), Manhattan Associates (NASDAQ:MANH)

Pre-Movers Stocks In Imitation: QUALCOMM (NASDAQ:QCOM), Manhattan Associates (NASDAQ:MANH)

Shares of QUALCOMM Incorporated (NASDAQ:QCOM) [Trend Analysis] swings enthusiastically in regular trading session, it a loss of -1.12% to close at $65.36. Qualcomm (QCOM) at its 4G/5G Summit in Hong Kong on Tuesday reported unveiled its first 5G modem – the Snapdragon X50. Alongside, the firm also reported the first Gigabit Class LTE device and Gigabit-ready network in alliance with Ericsson, Netgear, and Telstra. It also showcased the Snapdragon X16 LTE modem that enables Gigabit LTE speeds.

Sampling for the Snapdragon X50 5G modem is set for the second half of 2017, while the first commercial products predictable to integrate the new modem are predictable to be released in the first half of 2018. The X50 5G modem is meant to enable early 5G deployments and field trials for the development of devices that support early 5G networks. Moving forward to saw long-term intention, the experts calculate Return on Investment of 10.30%. The stock is going forward its fifty-two week low with 59.07% and lagging behind from its 52-week high price with -7.13%. QCOM last month stock price volatility remained 2.26%.

Manhattan Associates, Inc. (NASDAQ:MANH) [Trend Analysis] retains strong position in active trade, as shares scoring -8.46% to $54.02 in a active trade session, while looking at the shares volume, about 968291 shares have changed hands in this session. Manhattan Associates, Inc. (MANH) reported that firm now expects its fiscal 2016 adjusted EPS to be in the range of $1.82 to $1.84 as compared to previous guidance of $1.78 to $1.81. The firm now expects total income to be among $603 to $609 million as compared to previous guidance of $615 to $620 million.

Analysts polled by Thomson Reuters expect the firm to report profit per share of $1.79 on income of $615.98 million. Analysts’ anticipates typically exclude special items. Third-quarter adjusted eps was a record $0.50 compared to $0.42, previous year. Consolidated total income was $152.2 million compared to $142.3 million, previous year. License income was $21.6 million compared to $19.1 million, previous year. MANH attains analyst recommendation of 1.80 with week’s performance of 5.39%. Investors looking additional ahead will note that the Price to next year’s EPS is 12.15%.

 

About Blake Escott

Blake Escott holds junior writer position in SWR. Before joining Streetwise Report, he was a freelance content Writer. He has high-level copywriting experience and particularly experienced in proofreading and editing. He covers news about different companies including all US market sectors. Interests: Commodities, Energy stocks, Sector-wise Stocks analysis, Utilities

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