Apple supplier Broadcom to slash 1,900 jobs globally

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/12/2026

1. MIRM
2. SPY
3. META
4. MSFT
5. PLTR
6. JNJ
7. HUM
8. CSCO
9. KTOS
10. NVDA

Go back to Apple supplier Broadcom to slash 1,900 jobs globally

Canaccord Genuity Reiterates Buy as Broadcom Ltd. (AVGO) Reports Positive 1Q and Guidance

March 4, 2016 10:59 AM EST

Canaccord 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