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

Avago (AVGO) PT Lifted to $185 at UBS

December 3, 2015 9:33 AM EST

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

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

December 3, 2015 8:42 AM EST

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

December 3, 2015 7:50 AM EST

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

December 3, 2015 7:49 AM EST

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

S&P posts biggest drop since September as ECB disappoints

December 3, 2015 7:34 AM EST

By Caroline Valetkevitch

(Reuters) - The S&P 500 suffered its biggest daily drop since late September on Thursday as the European Central Bank disappointed market hopes for greater stimulus.

The ECB move triggered a spike in the euro that caught investors by surprise, forcing them to shift positions and that affected many asset classes. Bond prices dropped after the announcement.

At the same time, the CBOE Volatility index , the stock market's fear gauge, jumped 13.8 percent, closing at its highest since Nov. 17.

The ECB cut its deposit rate deeper into negative territory... More

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

December 3, 2015 7:14 AM EST

Susquehanna reiterated a Positive rating on Avago Technologies (NASDAQ: AVGO), and raised the price target to $165.00 (from $160.00), following the company's 4Q earnings report. Given better margins and continued opex control, the BRCM acquisition on track, and expected gains in wireless as they add capacity in 2016, Susquehanna doesn't think that the story... More

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

December 2, 2015 6:12 PM EST

(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

December 2, 2015 4:03 PM EST

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

December 1, 2015 10:48 AM EST

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