ZTCOY - ZTE Corporation

Other OTC - Other OTC Delayed Price. Currency in USD
5.01
-0.21 (-4.02%)
At close: 3:08PM EDT
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Previous Close5.22
Open5.02
Bid0.00 x 0
Ask0.00 x 0
Day's Range5.01 - 5.07
52 Week Range2.75 - 6.86
Volume9,923
Avg. Volume15,196
Market Cap15.863B
Beta (3Y Monthly)1.98
PE Ratio (TTM)N/A
EPS (TTM)-0.48
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2018-07-02
1y Target EstN/A
Trade prices are not sourced from all markets
  • Be Greedy When Others Are Fearful of Qualcomm Stock
    InvestorPlace

    Be Greedy When Others Are Fearful of Qualcomm Stock

    The trade war between the United States and China shows no signs of abating. This is reason enough to be fearful while considering exposure to a stock that derived 66.6% of 2018 revenue from China. Qualcomm (NASDAQ:QCOM) stock has been hit by the trade war and the impact on its growth in likely to persist in the coming quarters.Source: testing / Shutterstock.com However, I believe that it's time to be greedy when the fear factor dominates. I would advise fresh exposure to QCOM stock at its current levels. This article will discuss the near-term concerns and the catalyst for Qualcomm's revenue growth in 2020 and beyond. Concerns for Qualcomm StockA potential medium-term headwind for QCOM is the global economic slowdown. The trade war has possibly accelerated the slowdown and this will impact the company's revenue. To put things into perspective, smartphone shipments declined by 2.3% in the second quarter of 2019. This directly impacts the company's Qualcomm CDMA Technologies segment, which contributed to 76% of its revenue in 2018.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSpecific to the trade war, Huawei has gone aggressive in terms of grabbing market share from rivals in China. The trade war restriction is a key reason behind Huawei ramping up its efforts to gain market share. * 10 Undervalued Stocks With Breakout Potential This indirectly impacts Qualcomm since the company is a supplier to Xiaomi, Oppo and Vivo. As these companies lose market share, the sale of QCOM chips is likely to continue declining.However, I believe that the trade war will de-escalate in the next few quarters. When global economic growth weakens further, there will be pressure on governments to cooperate and boost growth.In a globally synchronized economy, it's unlikely that the current tariff war is sustainable. Consumers -- not just businesses -- will feel the impact of potentially high prices. 5G Presents a Big Opportunity for QCOMThe launch of 5G in 2020 and beyond is a potential stock upside catalyst amidst economic concerns and slowdown in sales related to trade war.The global 5G chipset market is expected to be $2.1 billion in 2020. Further, the market is expected to reach $23 billion by 2026.According to Qualcomm's March 2019 presentation, the total market for goods and services enabled by 5G is likely to reach $12 trillion by 2035. Therefore, 5G can trigger sustained revenue growth during this period.It is important to mention that the 5G rollout can be swift with more than 20 operators. In addition, more than 20 original equipment manufacturers are gearing up for 5G. The company's Snapdragon X55 modem is already being used by Samsung, Xaomi, ZTE (OTCMKTS:ZTCOY), LG and HTC among others.As operators roll out 5G globally in 2020 and beyond, the demand for the company's modem will accelerate and drive revenue growth.Another interesting point is that 5G is likely to have a widespread impact and open multiple doors of revenue for Qualcomm. Just as an example, it is estimated that 5G will have a sales enabling effect of over $1.1 trillion in the healthcare sector. Remote diagnosis and imaging, predictive analysis and continuous monitoring are some of the areas of application.Similarly, the number of embedded internet connections in automobiles will increase from 96 million in 2018 to 690 million in 2027. It is expected that 5G automotive connections will reach 96 million by 2027. This presents yet another growth opportunity.Therefore, 5G provides hopes to boost sagging sales and I believe that Qualcomm can witness a turnaround in terms of revenue and earnings per share growth momentum in the next one or two years. This should keep the markets interested in the stock in 2020. The Bottom Line on QCOM StockQualcomm stock is facing macroeconomic and trade war headwinds for the foreseeable future. However, I believe that any weakness in the stock is an opportunity to accumulate.Besides the 5G launch trigger, Qualcomm will create sustained shareholder value through share repurchase and healthy dividends. As an innovator, QCOM has healthy growth visibility in the domain of 5G and artificial intelligence. Moreover, the company has robust liquidity and financial muscles to support investment in research and development.I would therefore advise fresh exposure to Qualcomm stock even as markets worry about the impact of the trade war. Once there is potential resolution on that front, QCOM stock can surge ahead.As of this writing, Faisal Humayun did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Retail Stocks to Buy on the Dip * 7 Marijuana Stocks With Critical Levels to Watch * 7 Internet of Things Stocks to Buy Now The post Be Greedy When Others Are Fearful of Qualcomm Stock appeared first on InvestorPlace.

  • ZTE and China Mobile empower China's first 5G sporting events with 5G Live TV solutions
    PR Newswire

    ZTE and China Mobile empower China's first 5G sporting events with 5G Live TV solutions

    Delivering an innovative, multi-angle viewing experience for the 2nd National Youth Games SHENZHEN, China , Aug. 9, 2019 /PRNewswire/ -- ZTE Corporation (0763.HK / 000063.SZ), a major international provider ...

  • Reuters

    Ramaphosa is "last hope" for South Africa, Chinese diplomat says

    South African President Cyril Ramaphosa is the "last hope" for Africa's most advanced economy, but his government must turn incentive policies into laws to secure more Chinese investment, a senior Chinese diplomat told Reuters. China is South Africa's largest trading partner and has pledged more investment than any other country since Ramaphosa embarked on a drive last year to attract $100 billion of new investment to lift the economy out of a slump.

  • Reuters

    Huawei says Italy's new 5G powers discriminate against it

    Chinese telecoms equipment group Huawei Technologies criticised the Italian government's newly beefed-up powers to intervene in the development of fifth-generation (5G) telecom services, saying they discriminated against the company. Luigi De Vecchis, chairman of Huawei Italia, made the comment in a parliamentary hearing, after the government moved by urgent decree last week to strengthen its existing so-called "golden power" to intervene in the private sector. It did so due to concerns over the potential involvement of Huawei and fellow Chinese equipment maker ZTE Corp in the development of 5G networks, a government source has said.

  • ZTE says Italy's new powers to intervene in 5G will delay deployment
    Reuters

    ZTE says Italy's new powers to intervene in 5G will delay deployment

    Chinese telecom equipment firm ZTE Corp warned on Wednesday that the Italian government's newly strengthened power to intervene in the development of fifth-generation telecoms networks may further delay 5G mobile services in the country. Under its beefed-up "golden power", Rome decreed that it could block 5G deals involving non-European firms on national interest grounds. It acted out of concerns over the potential involvement of ZTE and another Chinese equipment maker, Huawei Technologies, a government source has said.

  • Reuters

    Italy beefed up 'golden power' with Chinese 5G vendors in mind - source

    Italy has beefed up its "golden power" over the private sector partly due to concerns over the potential involvement of Chinese firms Huawei Technologies and ZTE Corp in the development of 5G networks, a government source said on Friday. On Thursday night, the government used an urgent legislative decree to strengthen its existing power to intervene in the private sector to defend national security and other national interests.

  • Reuters

    China's ZTE follows Huawei with Brussels cybersecurity lab

    China's ZTE opened a cybersecurity lab in Brussels on Wednesday, aiming to boost transparency four months after bigger telecoms equipment rival Huawei did the same to allay concerns about spying. Chinese vendors of network gear are being scrutinised by the United States and some of its allies who believe the equipment could be used by Beijing to spy on customers if deployed in 5G networks, which are beginning to be built around the world. Huawei, the world's biggest maker of telecoms network gear, has been blacklisted by the U.S. government, meaning that U.S. companies need special approval - which they are unlikely to get - to export products to the Chinese company.

  • Cisco (CSCO) to Acquire Acacia Communications (ACIA) for $2.6 Billion
    Zacks

    Cisco (CSCO) to Acquire Acacia Communications (ACIA) for $2.6 Billion

    Cisco Systems (CSCO) announced early Tuesday that it has entered into an agreement to acquire Acacia Communications (ACIA) for approximately $2.6 billion net of cash and marketable securities.

  • MarketWatch

    The trade war is over — and the winner is China, writes Howard Gold

    Trump-Xi agreement shows the president won’t go to the wall to fundamentally change the U.S.’s trade relationship with the world’s second-biggest economy, writes Howard Gold.

  • 'Safe like China': In Argentina, ZTE finds eager buyer for surveillance tech
    Reuters

    'Safe like China': In Argentina, ZTE finds eager buyer for surveillance tech

    In Argentina's remote northern province of Jujuy, Chinese telecoms giant ZTE is installing a little slice of the Asian nation's vast surveillance state - security cameras that the local government says will help to curb street crime. ZTE Corp sealed a nearly $30 million surveillance contract with Jujuy in March to provide cameras, monitoring centers, emergency services, and telecommunications infrastructure.

  • "Safe like China": In Argentina, ZTE finds eager buyer for surveillance tech
    Reuters

    "Safe like China": In Argentina, ZTE finds eager buyer for surveillance tech

    In Argentina's remote northern province of Jujuy, Chinese telecoms giant ZTE is installing a little slice of the Asian nation's vast surveillance state - security cameras that the local government says will help to curb street crime. ZTE Corp sealed a nearly $30 million surveillance contract with Jujuy in March to provide cameras, monitoring centers, emergency services, and telecommunications infrastructure.

  • ZTE Axon 10 Pro 5G, the First 5G Smartphone has been sold in Nordic Countries
    PR Newswire

    ZTE Axon 10 Pro 5G, the First 5G Smartphone has been sold in Nordic Countries

    HELSINKI , July 5, 2019 /PRNewswire/ -- ZTE Corporation (0763.HK / 000063.SZ), a major international provider of telecommunications, enterprise and consumer technology solutions for the mobile Internet, ...

  • ZTE wins Best Mobile Service for Connected Living in Asia Award by virtue of its ATG Air Broadband Solution
    PR Newswire

    ZTE wins Best Mobile Service for Connected Living in Asia Award by virtue of its ATG Air Broadband Solution

    SHENZHEN, China , June 28, 2019 /PRNewswire/ -- ZTE Corporation (0763.HK / 000063.SZ), a leading provider of telecommunications, enterprise and consumer technology solutions for the mobile internet, today ...

  • PR Newswire

    Qualcomm and ZTE to Advance 5G Cloud Gaming on Live Networks

    SHANGHAI, June 26, 2019 /PRNewswire/ -- ZTE Corporation (0763.HK / 000063.SZ), a major international provider of telecommunications, enterprise and consumer technology solutions for the Mobile Internet, today announced a joint demonstration with Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated of 5G-powered cloud gaming on a live 5G network. The demonstration - which utilizes the cloud gaming solutions from Tencent Instant Play on 5G smartphones from OnePlus, Vivo, Xiaomi and ZTE - aims to demonstrate that console-quality mobile gaming experiences are achievable over live 5G networks and show the growth opportunity for the cloud-gaming ecosystem.

  • PR Newswire

    ZTE secures 25 5G commercial contracts

    SHENZHEN, China, June 25, 2019 /PRNewswire/ -- ZTE Corporation (0763.HK / 000063.SZ), a leading provider of telecommunications, enterprise and consumer technology solutions for the mobile internet, today announced that it has secured 25 5G commercial contracts globally and has been already committed to partnerships in the 5G arena with over 60 operators across the globe. With innovation as the driving force, ZTE has made 5G its core development strategy. ZTE is a major contributor and participant in global 5G technology research and standardization.

  • PR Newswire

    ZTE to demonstrate its all-around preparation for end-to-end 5G commercial use at MWC Shanghai 2019

    SHENZHEN, China , June 25, 2019 /PRNewswire/ -- ZTE Corporation (0763.HK / 000063.SZ), a leading provider of telecommunications, enterprise and consumer technology solutions for the mobile internet is ...

  • Reuters

    UPDATE 1-U.S. senators urge Trump not to use Huawei as bargaining chip in trade talks

    U.S. Senators Mark Warner and Marco Rubio on Thursday urged the Trump administration not to use Huawei Technologies Co as a bargaining chip in trade talks with China that might allow expanded use of the company's equipment in the U.S. telecommunications industry. "Allowing the use of Huawei equipment in U.S. telecommunications infrastructure is harmful to our national security,” the senators wrote.

  • Trump Says Huawei Could Become Part of Trade Deal With China
    Bloomberg

    Trump Says Huawei Could Become Part of Trade Deal With China

    “It’s possible that Huawei even would be included in some kind of a trade deal,” Trump told reporters at the White House, without providing details. The Trump administration is seeking to choke off Beijing’s access to key technologies by limiting the sale of vital U.S. components to the Chinese telecommunications equipment maker over security concerns. The U.S. had held off on blacklisting Huawei out of concern the move could disrupt trade negotiations with China and only took action after the last round of trade talks hit an impasse, according to people familiar with the matter.

  • U.S. lawmakers want to help rural telecoms replace Huawei, ZTE equipment
    Reuters

    U.S. lawmakers want to help rural telecoms replace Huawei, ZTE equipment

    A bipartisan group of U.S. lawmakers introduced legislation on Wednesday to provide about $700 million in grants to help U.S. telecommunications providers with the cost of removing Huawei equipment from their networks. The bill also moves to block the use of equipment or services from Chinese telecoms firms Huawei and ZTE in next-generation 5G networks, according to a statement by the senators. The United States has accused ZTE Corp and Huawei Technologies Co Ltd of working for the Chinese government and has expressed concern their equipment could be used to spy on Americans, allegations the Chinese government and the companies say are baseless.