Bullish options flow was detected in QCOM stock on January 11, 2020.

On January 6, 2020, Qualcomm (QCOM) said that it and ZTE Corp. (ZTCOY) last month together achieved 5G-enabled Voice over New Radio call.

The call was performed in compliance with 3GPP Release 15 specifications over the 2.5 GHz spectrum band by utilizing a ZTE’s 5G NR base station and a 5G smartphone form factor test device powered by a Qualcomm Snapdragon 5G Modem-RF System. Voice services are a fundamental offering for mobile operators, and when performed using a 5G network, it is called Voice over New Radio. The ability to complete VoNR calls will be an important step in the global mobile industry’s evolution from non-standalone to standalone, as it will allow operators to deliver high-quality voice service without having to rely on VoLTE (voice over LTE) or an LTE anchor, Qualcomm said.

The 5G VoNR call is the latest in a line of milestones completed by Qualcomm Technologies and ZTE in their ongoing collaboration to support the evolution of 5G. Previously, collaboration between the two companies produced the world’s first end-to-end 5G NR Interoperability Data Testing system demonstrating a data connection based on 3GPP R15 standard in November 2017 in China.

Additionally, the companies completed a live demonstration of 5G network services based on an end-to-end sub-6GHz commercial system in February 2019 in China. More recently, Qualcomm Technologies and ZTE completed the first 5G mobile phone millimeter-wave interoperability test in the country. “This achievement with ZTE allows us to further support our goal of unlocking 5G’s ability to power worldwide connectivity capabilities,” said Durga Malladi, senior vice president and general manager, 4G/5G, Qualcomm Technologies, Inc. “At Qualcomm Technologies, we are committed to continuing the progression of 5G so we can in turn help drive innovation and economies worldwide.”

On December 19, 2019, JPMorgan analyst Samik Chatterjee’s picked QCOM stock as a top pick for 2020 in the Networking & IT Hardware space. Samik sees 5G providing a “cyclically positive driver” for both infrastructure equipment as well as smartphones.

On December 11, 2019, BofA Merrill Lynch analyst Tal Liani said that recent press reports suggest that one to three of Apple’s (AAPL) 2020 iPhone models may contain 5G modems. Liani estimated Apple could contribute between $1.2B-$3.4B in QCT revenues in FY21 and $1.6B-$4.4B in FY22 to Qualcomm. Liani reiterates a Buy rating and $100 price target on Qualcomm shares.

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