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Fundamentals Strong, Stock Down, Support May Be Close.
$QCOM as you likely know is a quasi-monopolist in radiofrequency communication semiconductors. This means it can sustain high margins even whilst growing quickly. Its monopolistic position arises from its invention of the CDMA codec which is at the core of most modern cellular telephony systems today.
The company's financial year ends September; the quarter just reported - to the end of March 2022 - is Q2 for them. It was a strong quarter. Below, for our paying subscribers here at Cestrian Tech Select, we review the fundamentals, the fundamental valuation multiples, the stock chart, price target and stop-loss considerations.
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