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Qorvo (QRVO) Augments RF Portfolio With Anokiwave Buyout
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Qorvo Inc. (QRVO - Free Report) recently inked an agreement to acquire Anokiwave for an undisclosed amount to augment its position in the market. The collaboration promises to expand Qorvo's addressable opportunities in the D&A (Defense & Aerospace), SATCOM (Satellite Communication) and 5G markets.
Based in Boston, MA, Anokiwave offers a wide range of complex, integrated solutions to its customers, ranging from the largest publicly traded companies to small start-ups all over the world in both commercial and military markets. The company specializes in mmW Si core chips, packaging design & simulation, mmW Silicon technology, phased array antenna integrated circuits (ICs) and System Architecture. Over the years, its innovative techniques and designs have proven to reduce critical time-to-market as well as development and production costs by more than 50%.
The Anokiwave team will unite with Qorvo’s High-Performance Analog segment to develop beamformers and IF-RF (Intermediate Frequency- Radiofrequency) solutions for defense phased array and AESA radar, electronic warfare, satellite communications and 5G applications. The synergies between Anokiwave's technologies and Qorvo's RF solutions are aimed to result in advanced system-in-package offerings, which combine multiple ICs into a single module, thus providing superior performance and efficiency for defense, aerospace and network infrastructure applications.
As demand for sophisticated communication systems in defense and aerospace sectors grows rapidly with 5G infrastructure, Qorvo’s intensified capabilities are expected to get them a bigger pie in the market with a likely increase in business deals.
Qorvo’s stock performance is expected to get a boost as it aims to invest in the intelligent, active array antenna space, promoting industrial growth, greater diversification and improved gross margins over time. As it operates on a global scale, the combined entity would benefit from a wider market reach characterized by rapid technological advancements and a high degree of innovation.
The stock has lost 1.1% over the past year compared with the industry’s decline of 11.9%.
Arista Networks, Inc. (ANET - Free Report) , carrying a Zacks Rank #1 at present, is likely to benefit from strong momentum and diversification across its top verticals and product lines. The company has a software-driven, data-centric approach to help customers build their cloud architecture and enhance cloud experience. Arista delivered an average earnings surprise of 12% in the trailing four quarters.
The company holds a leadership position in 100-gigabit Ethernet switching share in port for the high-speed data center segment. It is increasingly gaining market traction in 200 and 400-gig high-performance switching products. It remains well-positioned for healthy growth in the data-driven cloud networking business with proactive platforms and predictive operations.
Juniper Networks Inc. (JNPR - Free Report) , carrying a Zacks Rank #2 (Buy), is a leading provider of networking solutions and communication devices. The company develops, designs and sells products that help build network infrastructure used for services and applications based on a single Internet protocol network worldwide. Juniper offers a broad range of routing, switching and security products.
It delivered an earnings surprise of 6.5%, on average, in the trailing four quarters. Juniper has a long-term earnings growth expectation of 9.9%. It has a VGM Score of B.
NVIDIA Corporation (NVDA - Free Report) , currently carrying a Zacks Rank #2, delivered a trailing four-quarter average earnings surprise of 18.99%. In the last reported quarter, it delivered an earnings surprise of 19.64%.
NVIDIA is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit. Over the years, the company’s focus evolved from PC graphics to AI-based solutions that support high-performance computing, gaming and virtual reality platforms.
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Qorvo (QRVO) Augments RF Portfolio With Anokiwave Buyout
Qorvo Inc. (QRVO - Free Report) recently inked an agreement to acquire Anokiwave for an undisclosed amount to augment its position in the market. The collaboration promises to expand Qorvo's addressable opportunities in the D&A (Defense & Aerospace), SATCOM (Satellite Communication) and 5G markets.
Based in Boston, MA, Anokiwave offers a wide range of complex, integrated solutions to its customers, ranging from the largest publicly traded companies to small start-ups all over the world in both commercial and military markets. The company specializes in mmW Si core chips, packaging design & simulation, mmW Silicon technology, phased array antenna integrated circuits (ICs) and System Architecture. Over the years, its innovative techniques and designs have proven to reduce critical time-to-market as well as development and production costs by more than 50%.
The Anokiwave team will unite with Qorvo’s High-Performance Analog segment to develop beamformers and IF-RF (Intermediate Frequency- Radiofrequency) solutions for defense phased array and AESA radar, electronic warfare, satellite communications and 5G applications. The synergies between Anokiwave's technologies and Qorvo's RF solutions are aimed to result in advanced system-in-package offerings, which combine multiple ICs into a single module, thus providing superior performance and efficiency for defense, aerospace and network infrastructure applications.
As demand for sophisticated communication systems in defense and aerospace sectors grows rapidly with 5G infrastructure, Qorvo’s intensified capabilities are expected to get them a bigger pie in the market with a likely increase in business deals.
Qorvo’s stock performance is expected to get a boost as it aims to invest in the intelligent, active array antenna space, promoting industrial growth, greater diversification and improved gross margins over time. As it operates on a global scale, the combined entity would benefit from a wider market reach characterized by rapid technological advancements and a high degree of innovation.
The stock has lost 1.1% over the past year compared with the industry’s decline of 11.9%.
Image Source: Zacks Investment Research
Qorvo currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Key Picks
Arista Networks, Inc. (ANET - Free Report) , carrying a Zacks Rank #1 at present, is likely to benefit from strong momentum and diversification across its top verticals and product lines. The company has a software-driven, data-centric approach to help customers build their cloud architecture and enhance cloud experience. Arista delivered an average earnings surprise of 12% in the trailing four quarters.
The company holds a leadership position in 100-gigabit Ethernet switching share in port for the high-speed data center segment. It is increasingly gaining market traction in 200 and 400-gig high-performance switching products. It remains well-positioned for healthy growth in the data-driven cloud networking business with proactive platforms and predictive operations.
Juniper Networks Inc. (JNPR - Free Report) , carrying a Zacks Rank #2 (Buy), is a leading provider of networking solutions and communication devices. The company develops, designs and sells products that help build network infrastructure used for services and applications based on a single Internet protocol network worldwide. Juniper offers a broad range of routing, switching and security products.
It delivered an earnings surprise of 6.5%, on average, in the trailing four quarters. Juniper has a long-term earnings growth expectation of 9.9%. It has a VGM Score of B.
NVIDIA Corporation (NVDA - Free Report) , currently carrying a Zacks Rank #2, delivered a trailing four-quarter average earnings surprise of 18.99%. In the last reported quarter, it delivered an earnings surprise of 19.64%.
NVIDIA is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit. Over the years, the company’s focus evolved from PC graphics to AI-based solutions that support high-performance computing, gaming and virtual reality platforms.