Avago Technologies (AVGO) PT Raised to $180 at Brean Capital
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MKM Partners Lifts PT on Avago (AVGO) to $160; No Other Suitors for Broadcom (BRCM) Expected
May 29, 2015 11:32 AM EDTMKM Partners boosts its price target on Avago Technologies Limited (Nasdaq: AVGO) from $149 to $160 following Broadcom (Nasdaq: BRCM) deal and Q1 results.
Analyst Ian Ing commented, We think this large strategic deal accelerates the takeout of fabless networking/comms... More
Avago (AVGO) PT Raised to $170 at Canaccord Genuity Amid Broadcom (BRCM) Deal
May 29, 2015 9:05 AM EDTCanaccord 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), Broadcom (BRCM) Deal has $1B Interloper Break-Up Fee
May 28, 2015 5:40 PM EDTBroadcom's (NASDAQ: BRCM) deal to be acquired by Avago Tech (NASDAQ: AVGO) has an interloper break-up fee of $1.0 billion.
... MoreAvago (AVGO)/Broadcom (BRCM) Deal Synergies Could Drive ~$220 Stock Price, Mizuho Securities Says
May 28, 2015 5:05 PM EDTMizuho Securities analyst Vijay Rakesh raised estimates and his price target on Outperform-rated Avago Technologies (NASDAQ: AVGO) to $175.00 (from $150.00) following a "solid" quarter and the Broadcom (NASDAQ: BRCM) deal.
Rakesh said the Broadcom deal points to a... More
Avago Tech (AVGO) Tops Q2 EPS by 12c; Issues Q3 Outlook
May 28, 2015 7:06 AM EDTAvago 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
Avago Tech (AVGO) to Acquire Broadcom (BRCM) in ~$37B Deal
May 28, 2015 7:01 AM EDTAvago 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
