QUALCOMM Incorporated (QCOM - Free Report) recently announced that it has joined forces with Green Hills Software — a leader in embedded safety and security — to help automakers and Tier-1 suppliers with innovative solutions for integrated vehicle cockpits.
The solutions are designed to support a secure consolidation of Android and Linux-based infotainment processing with critical ASIL (Automotive Safety Integrity Level)-certified vehicle services into a single multicore-based electronic control unit. Notably, the Qualcomm Snapdragon Automotive Cockpit Platforms comprise the Green Hills INTEGRITY real-time operating system, INTEGRITY Multivisor secure virtualization and integrated MULTI ASIL D-qualified software development environment.
Qualcomm boasts a rich legacy of state-of-the-art product launches. Built with the Qualcomm Snapdragon 820A platform, the Snapdragon Automotive Cockpit Platforms are based on high-performance multicore automotive grade system-on-chip and represents third-generation automotive platforms from the chip maker. These are engineered with immersive graphics, and artificial intelligence and feature computing capabilities.
Further, Qualcomm expects growth from its China business in fiscal 2019, particularly in the second half. While the company expanded its leadership to the high tiers with Snapdragon 700, its Snapdragon 800 solutions should continue defining the premium tier benchmarks.
However, Qualcomm’s shares have lost 14.3% on an average compared with 3.5% decline for the industry in the past year. It is to be seen whether strategic collaborations and innovative product launches can help the company script a turnaround in 2019 by improving its bottom line.
Qualcomm currently has a Zacks Rank #3 (Hold). Better-ranked stocks in the industry include Ubiquiti Networks, Inc. (UBNT - Free Report) , Comtech Telecommunications Corp. (CMTL - Free Report) and Viasat, Inc. (VSAT - Free Report) . While Ubiquiti sports a Zacks Rank #1 (Strong Buy), Comtech and Viasat carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Ubiquiti has a long-term earnings growth expectation of 14%.
Comtech has a long-term earnings growth expectation of 5%.
Viasat has a long-term earnings growth expectation of 24.5%.
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