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Qorvo, Inc. (QRVO)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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177.29-6.65 (-3.62%)
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Neutralpattern detected
Previous Close183.94
Open184.33
Bid176.50 x 1000
Ask177.25 x 800
Day's Range176.34 - 184.35
52 Week Range67.54 - 186.14
Volume1,457,737
Avg. Volume1,138,849
Market Cap20.221B
Beta (5Y Monthly)1.51
PE Ratio (TTM)46.73
EPS (TTM)3.79
Earnings DateJan 27, 2021 - Feb 01, 2021
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est171.35
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  • Qorvo® Unleashes Full 6 GHz Performance with New Wi-Fi 6E FEMs
    GlobeNewswire

    Qorvo® Unleashes Full 6 GHz Performance with New Wi-Fi 6E FEMs

    New FEMs support Wi-Fi 6E’s expanded capacity to deliver multi-gigabit speeds for consumer and enterprise devicesGREENSBORO, N.C., Jan. 12, 2021 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq:QRVO), a leading provider of innovative RF solutions that connect the world, today introduced two Wi-Fi 6E front end modules (FEMs) designed to maximize throughput and range in high-bandwidth applications such as 8K video streaming, online gaming and virtual reality. Wi-Fi 6E is an extension of Wi-Fi 6 that operates in the recently opened 6 GHz frequency band, in addition to the traditional 2.4 GHz and 5 GHz bands. Wi-Fi 6E triples Wi-Fi capacity with contiguous spectrum to accommodate 7 additional 160 MHz-wide channels or 14 additional 80 MHz channels. Qorvo’s Wi-Fi 6E FEMs unleash the full potential of this new spectrum, delivering leading linearity performance and maximizing throughput and capacity at peak permissible indoor power levels.   The Qorvo QPF4656 and QPF4632 deliver robust and rugged performance with world-class energy efficiency, and the highest speed and throughput at the maximum power levels supported by Wi-Fi 6E’s extended bandwidth. The QPF4656 is designed for consumer Wi-Fi 6E routers and gateways. The QPF4632 is designed for enterprise power-over-ethernet (POE) Wi-Fi 6E products and applications.The Qorvo Wi-Fi 6E FEMs deliver up to 25% more power efficiency than current solutions in compact packaging, enabling cost, size and thermal performance advantages in consumer and enterprise wireless networking solutions.Cees Links, general manager of Qorvo’s Wireless Connectivity business, said, “Qorvo’s new Wi-Fi 6E FEMs deliver on the Wi-Fi 6E promise to enable high-bandwidth applications with faster data speeds and lower latency—and in smaller, more rugged form factors. Consumers and businesses will see significant improvements in home entertainment, gaming and social experiences.”The QPF4656 and QPF4632 FEMs are sampling now.Connect with us virtually during the all-digital CES® (CES2021), January 11-14. For more information about Qorvo's solutions, announcements and meeting inquiries, visit our Qorvo CES 2021 landing page.Qorvo’s Wi-Fi portfolio serves a broad range of products from flagship smartphones and tablets, to consumer and enterprise gateway and smart home applications. Qorvo’s Wi-Fi 6 solutions enable significantly faster wireless upload and download speeds, increased capacity and improved power efficiency.About Qorvo Qorvo (Nasdaq: QRVO) makes a better world possible by providing innovative Radio Frequency (RF) solutions at the center of connectivity. We combine product and technology leadership, systems-level expertise and global manufacturing scale to quickly solve our customers’ most complex technical challenges. Qorvo serves diverse high-growth segments of large global markets, including advanced wireless devices, wired and wireless networks and defense radar and communications. We also leverage unique competitive strengths to advance 5G networks, cloud computing, the Internet of Things, and other emerging applications that expand the global framework interconnecting people, places and things. Visit www.qorvo.com to learn how Qorvo connects the world.Qorvo is a registered trademark of Qorvo, Inc. in the U.S. and in other countries. All other trademarks are the property of their respective owners. Media Contact: Katie Caballero Marketing Communications Manager Qorvo Infrastructure and Defense Products W + 1 972-994-8546 Katie.caballero@qorvo.com Investor Contact: Doug DeLieto VP, Investor Relations +1-336-678-7968 This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about our plans, objectives, representations and contentions, and are not historical facts and typically are identified by use of terms such as “may,” “will,” “should,” “could,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue” and similar words, although some forward-looking statements are expressed differently. You should be aware that the forward-looking statements included herein represent management’s current judgment and expectations, but our actual results, events and performance could differ materially from those expressed or implied by forward-looking statements. We do not intend to update any of these forward-looking statements or publicly announce the results of any revisions to these forward-looking statements, other than as is required under U.S. federal securities laws. Our business is subject to numerous risks and uncertainties, including those relating to fluctuations in our operating results; our substantial dependence on developing new products and achieving design wins; our dependence on a few large customers for a substantial portion of our revenue; a loss of revenue if contracts with the United States government or defense and aerospace contractors are canceled or delayed or if defense spending is reduced; the COVID-19 pandemic, which has and will likely continue to negatively impact the global economy and disrupt normal business activities, and which may have an adverse effect on our results of operations; our dependence on third parties; risks related to sales through distributors; risks associated with the operation of our manufacturing facilities; business disruptions; poor manufacturing yields; increased inventory risks and costs due to timing of customer forecasts; our inability to effectively manage or maintain evolving relationships with platform providers; risks from international sales and operations; economic regulation in China; changes in government trade policies, including imposition of tariffs and export restrictions; our ability to implement innovative technologies; underutilization of manufacturing facilities as a result of industry overcapacity; we may not be able to borrow funds under our credit facility or secure future financing; we may not be able to generate sufficient cash to service all of our debt; restrictions imposed by the agreements governing our debt; volatility in the price of our common stock; damage to our reputation or brand; fluctuations in the amount and frequency of our stock repurchases; our recent and future acquisitions and other strategic investments could fail to achieve financial or strategic objectives; our ability to attract, retain and motivate key employees; our reliance on our intellectual property portfolio; claims of infringement of third-party intellectual property rights; security breaches and other similar disruptions compromising our information; theft, loss or misuse of personal data by or about our employees, customers or third parties; warranty claims, product recalls and product liability; and risks associated with environmental, health and safety regulations and climate change. Many of the foregoing risks and uncertainties are, and will continue to be, exacerbated by the COVID-19 pandemic and any worsening of the global business and economic environment as a result. These and other risks and uncertainties, which are described in more detail in Qorvo’s most recent Annual Report on Form 10-K and in other reports and statements filed with the Securities and Exchange Commission, could cause actual results and developments to be materially different from those expressed or implied by any of these forward-looking statements.