Skyworks Banks On Product Strength, IPhone 8 Delay May Hurt
Zacks Investment Research | Aug 17, 2017 10:06PM ET
On Aug 17, we issued an updated research report on Woburn, MA-based, Skyworks Solutions Inc. (NASDAQ:SWKS) , a leading provider of radio frequency (RF) and semiconductor system solutions.
The company recently reported strong fiscal third-quarter 2017 results. Both the top- as well as the bottom line surpassed the respective Zacks Consensus Estimate and improved significantly year over year. Notably, the company has beaten the Zacks Consensus Estimate in each of the trailing four quarters, with an average positive surprise of 3.05%.
Management also provided optimistic guidance for the fourth quarter. We believe that the impressive results and the guidance will help sustain the stock’s momentum in the rest of 2017 and beyond.
Notably, shares of Skyworks gained 36.9% year-to-date, outperforming the Zacks Investment Research
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