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Canaccord Genuity Reiterates Buy as Broadcom Ltd. (AVGO) Reports Positive 1Q and Guidance
March 4, 2016 10:59 AM ESTCanaccord Genuity reiterated a Buy rating on Broadcom Limited (NASDAQ: AVGO), and raised the price target to $185.00 (from $175.00), following the company's 1Q earnings report. Broadcom reported pro forma EPS of $2.41, above consensus' $2.30 estimates. Also 2Q non-GAAP EPS guidance of $2.38 was above Cannaccord's $2.11 estimate due to lower operating expenses, as the company has moved some legacy Broadcom businesses into discontinued... More
UPDATE: Broadcom Ltd. (AVGO) Declares $0.49 Qtr. Dividend; 3.6% Yield
March 3, 2016 9:32 AM EST(Updated - March 3, 2016 9:34 AM EST)
Broadcom Ltd. (NASDAQ: AVGO) declared a quarterly dividend of $0.49 per share, or $1.96 annualized.
The dividend will be payable on March 31, 2016, to stockholders of record on March 18, 2016, with an ex-dividend date of March 16, 2016.
The... More
