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Pompano Beach, FL -- (SBWIRE) -- 01/31/2013 -- Communication equipment maker, Qualcomm Inc. (NASDAQ:QCOM) announced a robust financial report for the first quarter of fiscal 2013, on the support of a substantial increase in demand for the smartphones and tablets, simply topping the Zacks Consensus Estimates.
Is QCOM a Solid Investment at These Levels? Read This Report For Details
Furthermore, management has lifted its guidance for fiscal 2013 mainly because of gradual adoption of LTE networks in North America, swift transition from 2G to 3G in China and India, and hiking licensing revenue.
Consequently, in the aftermarket session on NASDAQ, stock price of Qualcomm lifted up $3.96 (6.23%) to $67.49.For the whole Fiscal year the company reported that sales would be within the range of $23.4 billion - $24.4 billion. Non-GAAP earnings per share would be lying inside the range of $4.25 - $4.45.
So far today, QUALCOMM, Inc. (NASDAQ:QCOM) shares advanced +5.86% to $67.25 while the stock is changing hands within a range of $66.01 – $67.44. In the past year, the stock has traded between $53.09 and $68.87. Its average daily trading volume is 12.10 million shares.
Will QCOM Continue To Move Higher? Find Out Here
Looking at other stocks in the same industry, Infinera Corp., ADTRAN, Inc. and Acme Packet, Inc. are in the top gainers list. Let’s have a quick look on their Market performance.
Infinera Corp. (NASDAQ:INFN) shares are up +3.77% to $6.88 while the stock is trading within the range of $6.69 – $6.90 in the current trading session. In the last 12 months, shares have floated between $4.32 and $8.90. This stock, on average, has trading volume of 835,424 shares.
Why Should Investors Buy INFN After The Recent Gain? Just Go Here and Find Out
In this session so far, ADTRAN, Inc. (NASDAQ:ADTN) shares moved up +2.35% reaching $20.51. The stock is trading in a range of $20.08 – $20.60. In the last year the stock has moved within a range of $15.38 – $38.95. The Company’s average daily trading volume is 1.15 million shares.
For How Long ADTN will Fight for Profitability? Read This Trend Analysis report
Another rival company, Acme Packet, Inc. (NASDAQ:APKT), is trending +3.83% higher to $24.24. The stock price is hovering in range of $23.62 to $24.52. In the previous 52 weeks, shares price ranged between $13.26 and $36.27. Their average daily trading volume is 1.65 million shares.
What was the Moving Force behind APKT On Bullish Run? Read This Research Report
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