Foolish Forecast: More Upside for Qualcomm (at Motley Fool)

By Dave Mock July 22, 2008 Comments (0) Wireless technology developer Qualcomm (Nasdaq: QCOM) is set to release fiscal third-quarter earnings after the bell Wednesday. We'll call ahead, though, and see what's expected in the results. What analysts say: Buy, sell, or waffle? Qualcomm has 24 analysts doing the buy-hold-sell thing. Of these, 21 rate shares a buy, and three say "hold." Qualcomm currently holds three-star stock status in the Motley Fool CAPS community, based on the views of 1,215 investors. Revenue. The average analyst envisions 17% year-over-year sales growth, to $2.7 billion. What management says: Qualcomm apparently couldn't wait until earnings day to let the market know it was continuing its trend of performing beyond expectations. Last month, CEO Paul Jacobs noted that the firm is experiencing "greater than... [read full story]