Susquehanna Raise PT on Avago Tech (AVGO); Says Story Doesn't Change Post Q4

Avago (AVGO) PT Lifted to $185 at UBS

UBS analyst, Stephen Chin, is confident Avago Technologies (NASDAQ: AVGO) RF filter sales can grow at a 20% CAGR for the next few years given higher content from further penetration of 4G LTE-Advanced features in smartphones. With smartphone RF content averaging $6 at the high end, we believe content can expand to $8-10 over the next... More

Avago (AVGO) Sees Continued Strong Execution, Canaccord Genuity Says; PT Up to $179

Canaccord Genuity reiterated a Buy rating on Avago Technologies (NASDAQ: AVGO), and raised the price target to $179.00 (from $165.00), following the company's 4Q earnings report. Avago reported pro forma EPS of $2.51, above consensus' $2.38 estimate. The beat was driven by a strong pro forma gross margin of 62.0%.

Also, Management remains committed to the Broadcom acquisition, and Canaccord anticipates a strong... More

Mizuho Raise Estimates, PT on Avago (AVGO) on Solid Execution

Mizuho Securities reiterated a Buy rating on Avago Technologies (NASDAQ: AVGO), and raised the price target to $175.00 (from $165.00), following the company's 4Q earnings report. AVGO reported solid revenues of $1.85B, in-line with consensus. EPS was reported at $2.51, beating consensus' estimate of $2.38. The... More

RBC Capital Raises Avago (AVGO) PT After Solid Quarterly Report

RBC Capital analyst, Amit Daryanani, believes Avago Technologies (NASDAQ: AVGO) is executing well on its cost takeout targets with LSI and ELX assets and more material upside likely in CY16 once BRCM acquisition closes. The price target increases to $155 from $150 with the estimate increase.

AVGO reported results that were above expectations with revenues/EPS of $1.85B/$2.51 vs. Street at $1.85B/$2.38. Revenue upside was driven by strong growth in enterprise storage segment, and stable performance from wireless, wired, and industrial segments.Gross margins in the quarter came in at 62.0% vs. Street at 60.4%, due to... More

Sterne Agee CRT Boosts Est., PT on Avago (AVGO) Amid Outstanding Quarter

Sterne Agee CRT reiterated a Buy rating on Avago Technologies (NASDAQ: AVGO), and raised the price target to $180.00 (from $160.00), following the company's 4Q earnings report. AVGO reported revenue of $1.85B in-line with consensus estimates. EPS of $2.51 beat consensus estimate of $2.38. Sterne Agee CRT believes that AVGO is currently trading at a... More

After-Hours Stock Movers 12/02: (PSUN) (NWY) (FVE) (AVGO) Higher; (VRNT) (VNEM) (P) Lower (more...)

(Updated - December 2, 2015 6:13 PM EST)

PacSun (NASDAQ: PSUN) 55.3% HIGHER; reported Q3 EPS of ($0.05), versus ($0.03) reported last year. Revenue for the quarter came in at $205.9 million versus the consensus estimate of $197.97 million.

New York & Co. (NYSE: NWY) 15% HIGHER; reported Q3 EPS of ($0.05), $0.04 worse than the analyst estimate of ($0.01). Revenue for the quarter came in at $219.8 million versus the consensus estimate of $217.18 million.

Verint Systems (NASDAQ: VRNT) 10.4% LOWER;... More

Avago Tech (AVGO) Tops Q4 EPS by 13c

Avago Tech (NASDAQ: AVGO) reported Q4 EPS of $2.51, $0.13 better than the analyst estimate of $2.38. Revenue for the quarter came in at $1.84 billion versus the consensus estimate of $1.85 billion.

GUIDANCE:

Avago Tech sees Q1 2016 revenue of $1.743-1.793 billion, versus the consensus... More

Notable Analyst Rating Changes 12/1: (NOK) (TERP) (MRK) Upgraded; (ADRO) (REXX) (CMI) Downgraded

UPGRADES
Credit Suisse upgrades Nokia (NYSE: NOK) from Neutral to Outperform.

Oppenheimer lifts TerraForm Power (Nasdaq: TERP) from Perform to Outperform with a price target of... More