MARKET

BRQS

BRQS

Borqs Tech
NASDAQ

Real-time Quotes | Nasdaq Last Sale

1.280
+0.270
+26.73%
After Hours: 1.240 -0.04 -3.13% 19:59 11/23 EST
OPEN
1.050
PREV CLOSE
1.010
HIGH
1.340
LOW
1.030
VOLUME
10.83M
TURNOVER
--
52 WEEK HIGH
8.40
52 WEEK LOW
0.8110
MARKET CAP
56.50M
P/E (TTM)
-1.3516
1D
5D
1M
3M
1Y
5Y
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Profile
Borqs Technologies Signs Strategic MOU for 5G Industrial Park Project in South Taihu New Area of Zhejiang Province, China
SANTA CLARA, Calif., Nov. 23, 2020 (GLOBE NEWSWIRE) -- Borqs Technologies, Inc. (Nasdaq: BRQS, the “Company”), a global provider of embedded software and products for the Internet of Things (IoT), today reported that the Company has signed an MOU with the Board Committee of Huzhou South Taihu New Area for a 5G Industrial Park Project. The company intends to setup a Joint Venture in South Taihu New Area in the near term which will serve as Borqs’ China headquarters for 5G activities, including sales, R&D center, and manufacturing.This project will be implemented in two phases. First, a 5G R&D center and up to 10 micro-electronics manufacturing lines will be established. The Joint Venture will be provided rent-free facilities of 5,500 square meters for two and a half years. In the second phase, the local government authority will construct a Borqs 5G Industrial Park and the Joint Venture will be granted 13,000 square meters of land for commercial and residential use.The Company’s operations within the area will also enjoy government supported manufacturing supply chain financial assistance, favorable equipment leasing programs, a series of local grants and local tax incentives.The Company expects to sign the definitive agreement of cooperation in the very near future.About Huzhou South Taihu New Area of Zhejiang province, ChinaThe South Taihu New Area of Huzhou City was officially established on June 2, 2019, and is one of the four new areas established by the provincial government. It is located in the northern part of Zhejiang Province at the south shore of the beautiful Taihu Lake, with a total planning area of 225 square kilometers. Accessible by high speed railway and five express highways, the area is also connected with the inland water transportation channels in China. There are four international airports around the new area, including Hongqiao and Pudong in Shanghai, Xiaoshan in Hangzhou and Lukou in Nanjing.About Borqs Technologies, Inc.Borqs Technologies is a global leader in software and products for the IoT, providing customizable, differentiated and scalable Android-based smart connected devices and cloud service solutions. Borqs has achieved leadership and customer recognition as an innovative end-to-end IoT solutions provider leveraging its strategic chipset partner relationships as well as its broad software and IP portfolio.Borqs’ unique strengths include its Android and Android Wear Licenses which enabled the Company to develop a software IP library covering chipset software, Android enhancements, domain specific usage and system performance optimization, suitable for large and low volume customized products. The Company is also currently in development of 5G products for phones and hotspots.Forward-Looking Statements and Additional InformationThis press release includes “forward-looking statements” that involve risks and uncertainties that could cause actual results to differ materially from what is expected. Words such as “expects”, “believes”, “anticipates”, “intends”, “estimates”, “predicts”, “seeks”, “may”, “might”, “plan”, “possible”, “should” and variations and similar words and expressions are intended to identify such forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Such forward-looking statements relate to future events or future results, based on currently available information and reflect our management’s current beliefs. Many factors could cause actual events or results to differ materially from the events and results discussed in the forward-looking statements, including the possibility that the Company will not consummate the joint-venture as described or may not receive actual orders in any amounts expected, and the negative impact of the coronavirus on the Company’s supply chain, revenues and overall results of operations, so the reader is advised to refer to the Risk Factors sections of the Company’s filings with the Securities and Exchange Commission for additional information identifying important factors that could cause actual results to differ materially from those anticipated in the forward-looking statements. Except as expressly required by applicable securities law, the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.Investor Contact:Sandra Dou Director of Finance Borqs Technologies, Inc. sandra.dou@borqs.net www.borqs.com
GlobeNewswire · 16h ago
Riot Blockchain leads tech gainers; Agora and WidePoint among losers
Gainers: Riot Blockchain (RIOT) +45%. Net Element (NETE) +24%. Marin Software (MRIN) +22%. AXT (AXTI) +21%. Mogo (MOGO) +16%.Losers: Borqs Technologies (BRQS) -16%. Agora (API) -11%. WidePoint (WYY) -9%. GSE Systems (GVP)
Seekingalpha · 6d ago
Borqs India Successfully Demonstrated Next Gen TV Smartphone to One Media, a Wholly-Owned Subsidiary of Sinclair Broadcast Group in the U.S.
BANGALORE, India., Nov. 17, 2020 (GLOBE NEWSWIRE) -- Borqs India, a subsidiary of Borqs Technologies, Inc. (Nasdaq: BRQS), (the “Company”, or “Borqs”) has successfully demonstrated a NextGen TV Android smart phone (branded Mark One) based on ATSC 3.0 to One Media 3.0, a wholly-owned subsidiary of Sinclair Broadcast Group, a part of the station group’s strategy to ensure that NextGen TV one day is an integral part of mobile phones and other terminal devices. ATSC 3.0, a new broadcast signaling standard branded as “NextGen TV”, is starting to break away from TV screen and gain its first foothold on the smartphone. The Mark One Android phone is developed by Borqs and Saankhya Labs. It is powered by Saankhya Labs SL4000 ATSC 3.0 receiver chip providing NextGen TV reception, tuning and demodulation. The Mark One phone relies on an embedded antenna – not a pull-out or hang-on antenna — and is an unlocked AT&T and T-Mobile-compatible device. The phone enables advancements such as 4K and High Dynamic Range (HDR) video, live TV and video-on-demand, new forms of OTT-delivered streaming services from broadcasters, targeted and interactive advertising and new emergency alerting capabilities.According to the news(1) and (2), One Media is working with two large U.S. MVNOs (Mobile Virtual Network Operators) that ride on AT&T and T-Mobile wireless networks about the distribution of ATSC 3.0-capable "broadcast feature phones”. It is expected that millions of MVNO subscribers would want to have a smart phone with Next Gen TV functionality. One Media is in the process of getting legislation into multiple states, specifically state house and senate legislation in New York at the moment, for a mandate to include ATSC 3.0 receivers in smartphones because of the public safety and public service side of the standard.One Media and US broadcasters are also working on ways to alter the topology of the broadcast network to ensure uniformity in coverage that big towers might not provide in all instances and in all venues. One Media believes that there could be opportunities for small ATSC 3.0-based transmitters to be deployed alongside 5G network buildouts and help to flesh out the reach of a new IP-based distribution network.“We’re thrilled to work with Saankhya Labs to develop the Mark One phone. We have overcome many technical challenges especially related to antenna RF performance. We believe that there is a huge market opportunity for ATSC 3.0 enabled mobile devices,” said Hareesh Ramanna, General Manager of the Connected Business Unit of Borqs.(1) ONE Media’s ATSC 3.0 Smartphone Becomes a Reality https://www.tvtechnology.com/news/one-medias-atsc-30-smartphone-becomes-a-reality(2) ATSC 3.0 reaches the smartphone https://www.lightreading.com/cablevideo/atsc-30-reaches-smartphone/d/d-id/765098About Borqs Technologies, Inc.Borqs Technologies is a global leader in software and products for the IoT, providing customizable, differentiated and scalable Android-based smart connected devices and cloud service solutions. Borqs has achieved leadership and customer recognition as an innovative end-to-end IoT solutions provider leveraging its strategic chipset partner relationships as well as its broad software and IP portfolio.Borqs’ unique strengths include its Android and Android Wear Licenses which enabled the Company to develop a software IP library covering chipset software, Android enhancements, domain specific usage and system performance optimization, suitable for large and low volume customized products.   The Company is also currently in development of 5G products for phones and hotspots.Forward-Looking Statements and Additional InformationThis press release includes “forward-looking statements” that involve risks and uncertainties that could cause actual results to differ materially from what is expected. Words such as “expects”, “believes”, “anticipates”, “intends”, “estimates”, “predicts”, “seeks”, “may”, “might”, “plan”, “possible”, “should” and variations and similar words and expressions are intended to identify such forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Such forward-looking statements relate to future events or future results, based on currently available information and reflect our management’s current beliefs. Many factors could cause actual events or results to differ materially from the events and results discussed in the forward-looking statements, including the possibility that the Company will not sell Mark One to One Media 3.0 in significant quantities or at all, the Company will not consummate its previously announced line of credit transaction on terms favorable to the Company or at all, the possibility that the Company may not receive actual orders in the amounts forecasted previously, the possibility that the Company may not be able to deliver the contracted devices to satisfy the demand forecasted, and the negative impact of the coronavirus on the Company’s supply chain, revenues and overall results of operations, so the reader is advised to refer to the Risk Factors sections of the Company’s filings with the Securities and Exchange Commission for additional information identifying important factors that could cause actual results to differ materially from those anticipated in the forward-looking statements. Except as expressly required by applicable securities law, the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.Investor Contact:Sandra Dou Director of Finance Borqs Technologies, Inc. sandra.dou@borqs.net    www.borqs.com
GlobeNewswire · 6d ago
Borqs Technologies Teams With SkyCentrics For Delivery Of Utility Scale Automated Smart Controls To U.S. Power Infrastructure
Borqs Technologies teams with SkyCentrics for the delivery of Utility Scale Automated Smart Controls to the U.S. Power Infrastructure SANTA CLARA, Calif., Oct. 29, 2020 (GLOBE NEWSWIRE) -- Borqs Technologies, Inc.
Benzinga · 10/29 13:04
Net Element and Nano Dimension among top tech gainers; MicroVision and VivoPower among losers
Gainers: Nano Dimension (NNDM) +18%. Net Element (NETE) +14%. Borqs Technologies (BRQS) +14%. Oblong (OBLG) +11%. Bentley Systems (BSY) +9%.Losers: Blonder Tongue Laboratories (BDR) -12%. The OLB Group (OLB) -12%. MicroVision (MVIS)
Seekingalpha · 10/14 19:00
TWLO, ACRX among premarket gainers
Lizhi (LIZI) +46%. as Government picks Lizhi its backed pilot program to bolster local online audiovisual industry.Acorn (ATV) +31% on revised going private transaction for $21/share.LMP Automotive (LMPX) +21%. to acquire 70% interest in
Seekingalpha · 10/12 12:33
Borqs Technologies regains compliance with Nasdaq
Borqs Technologies ([[BRQS]] +3.1%) has regained compliance with Nasdaq after filing annual report for the year ended Dec. 31, 2019 in Form 20-F last week.Press Release
Seekingalpha · 10/05 14:48
Borqs Filed Annual Report for Year Ended December 31, 2019 And Regained Compliance with Nasdaq Continuous Listing Rules
SANTA CLARA, Calif., Oct. 05, 2020 (GLOBE NEWSWIRE) -- Borqs Technologies, Inc. (Nasdaq: BRQS), (the “Company”, or “Borqs”), a global leader in embedded software and products for the Internet of Things (IoT) industry, announced it filed the annual report for the year ended December 31, 2019 on Form 20
GlobeNewswire · 10/05 13:00
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Analyst Rating

Based on 1 analysts

Buy

Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.

Analyst Price Target
The average BRQS stock price target is 12.00 with a high estimate of 12.00 and a low estimate of 12.00.
EPS
Institutional Holdings
Institutions: 16
Institutional Holdings: 8.80M
% Owned: 19.92%
Shares Outstanding: 44.14M
TypeInstitutionsShares
Increased
2
276.00K
New
5
-149.62K
Decreased
0
0
Sold Out
0
0
  • Performance
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No Data
Industry
Software
+0.05%
Software & IT Services
+0.31%
Key Executives
Chairman/President/Chief Executive Officer/Founder/Director
Sek Yuen, Pat Chan
Chairman/President/Chief Executive Officer/Founder/Director
Sek Yuen Chan
Chairman/President/Chief Executive Officer/Founder/Director
Pat Sek Yuen Chan
Founder/Executive Vice President
Bob Li
Chief Financial Officer/Executive Vice President - Finance
Anthony Chan
Founder/Executive Vice President
Xiao Bo Li
Executive Vice President/General Manager
Hareesh Ramanna
Executive Vice President/General Manager
Simon Sun
Executive Vice President
George Thangadurai
Director
Yaqi Feng
Director
Eric Tao
Independent Director
Wan Yu Chow
Independent Director
Heung Sang Fong
Independent Director
Ji Li
Independent Director
Shizhu Long
Independent Director
Zexian Shen
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About BRQS
Borqs Technologies Inc, formerly Pacific Special Acquisition Corp is a China-based company focused on software, development services and products. The Company provides customizable, differentiated and scalable Android-based smart connected devices and cloud service solutions. The Company operates its business through two segments. The Mobile Virtual Network Operator (MVNO) services segment provides a full range 2G/3G/4G voice and data services for general consumer usage and Internet of Things (IoT) devices, as well as traditional telecom services such as voice conferencing, and acts as a sales and promotion channel for the products developed by the Connected Solutions segment. The Connected Solutions segment helps customers design, develop and realize the commercialization of their connected devices.
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