Avago Technologies Limited Announces Second Quarter Fiscal Year 2015 Financial Results

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Avago (AVGO) PT Raised to $170 at Canaccord Genuity Amid Broadcom (BRCM) Deal

May 29, 2015 9:05 AM EDT

Canaccord Genuity analyst T. Michael Walkley reiterated a Buy rating and boosted his price target on Avago Technologies (NASDAQ: AVGO) to $170.00 (from $145.00) after the company agreed to acquire Broadcom (NASDAQ: BRCM), creating a eading global diversified semiconductor... 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