Broadcom (AVGO) Tops Q1 EPS by 11c, Offers Q2 Guidance
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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
Avago's (AVGO) Smartphone Headwinds Offset By Execution - Sterne Agee
March 4, 2016 7:12 AM ESTSterne Agee analyst, Douglas Freedman, reiterated that Avago NASDAQ: AVGO) is his top pick as the key beneficiary of the transition to 5G networks and after the company better than expected cost controls post the Broadcom acquisition closing. No change to Buy rating but the $180 PT increases to $185 as estimates increase.
AVGO delivered another solid quarterly... More
