Nomura Securities Maintains a 'Buy' on Broadcom (BRCM); Acquisition Helps See The Light
Get Alerts BRCM Hot Sheet
Price: $54.67 --0%
Rating Summary:
15 Buy, 29 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 14 | Down: 13 | New: 16
Rating Summary:
15 Buy, 29 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 14 | Down: 13 | New: 16
Join SI Premium – FREE
Nomura Securities maintains a 'Buy' on Broadcom (NASDAQ: BRCM) price target of $45.00.
Analyst, Romit Shah, sees the announcement from BRCM to acquire Broadlight for $195 mln as a positive, seeing it as a complementary to BRCM's fiber access portfolio. The recent addition of China Telecom (NYSE: CHL) as a new Broadlight customer also helps, especially in a market with competitors like Marvell (Nasdaq: MRVL)(Reduce-rated, $13 PT) and PMC-Sierra (Nasdaq: PMCS)(Not-rated).
For an analyst ratings summary and ratings history on Broadcom click here. For more ratings news on Broadcom click here.
Shares of Broadcom closed at $38.39 yesterday.
Analyst, Romit Shah, sees the announcement from BRCM to acquire Broadlight for $195 mln as a positive, seeing it as a complementary to BRCM's fiber access portfolio. The recent addition of China Telecom (NYSE: CHL) as a new Broadlight customer also helps, especially in a market with competitors like Marvell (Nasdaq: MRVL)(Reduce-rated, $13 PT) and PMC-Sierra (Nasdaq: PMCS)(Not-rated).
For an analyst ratings summary and ratings history on Broadcom click here. For more ratings news on Broadcom click here.
Shares of Broadcom closed at $38.39 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Commerzbank AG (CBK:GR) (CRZBY) PT Raised to EUR14.70 at Citi
- B.Riley Starts Energy Fuels (UUUU) at Buy
- Stifel Downgrades Shield Therapeutics PLC (STX:LN) to Hold
Create E-mail Alert Related Categories
Analyst Comments, Mergers and AcquisitionsRelated Entities
NomuraSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!