Avago Technologies Limited Announces Second Quarter Fiscal Year 2015 Financial Results

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Avago Technologies (AVGO) PT Raised to $180 at Brean Capital

May 29, 2015 6:24 AM EDT

Brean Capital analyst Mike Burton reiterated a Buy rating and boosted his price target on Avago Technologies (NASDAQ: AVGO) to $180.00 (from $145.00) following the announced takeover of Broadcom, saying the deal should be accretive.

Burton commented, "Avago reported solid quarterly results and guidance... More

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