Avago Tech (AVGO) Tops Q2 EPS by 12c; Issues Q3 Outlook
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 10/11/2026
Go back to Avago Tech (AVGO) Tops Q2 EPS by 12c; Issues Q3 Outlook
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
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
May 28, 2015 7:01 AM EDT
Avago Tech (Nasdaq: AVGO) and Broadcom Corporation (Nasdaq: BRCM) announced that they have entered into a definitive agreement under which Avago will acquire Broadcom in a cash and stock transaction that values the combined company at $77 billion in enterprise value. Upon completion of the acquisition, the combined company will have the most diversified communications platform in the semiconductor industry, with combined annual revenues of approximately $15 billion.
"Today's announcement marks the combination of the unparalleled engineering prowess of Broadcom with Avago's heritage of technology from HP,... More
