Avago Technologies to Acquire Broadcom for $37 Billion

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Goldman Sachs Downgrades Broadcom (BRCM) to Neutral

May 28, 2015 5:17 PM EDT

Goldman Sachs downgraded Broadcom (NASDAQ: BRCM) from Buy to Neutral.

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 $57.16 yesterday.

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Avago Tech (AVGO) Tops Q2 EPS by 12c; Issues Q3 Outlook

May 28, 2015 7:06 AM EDT

Avago Tech (NASDAQ: AVGO) reported Q2 EPS of $2.13, $0.12 better than the analyst estimate of $2.01. Revenue for the quarter came in at $1.61 billion versus the consensus estimate of $1.63 billion.

Third Quarter Fiscal Year 2015 Business Outlook

Based on current business trends and conditions, the outlook for continuing operations for the third quarter of fiscal year 2015, ending August 2, 2015, including projected contributions from the Emulex acquisition, is expected... More