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

Pre-Open Stock Movers 03/04: (SUNE) (CKEC) (HPE) Higher; (VTAE) (AMBA) (HRB) Lower (more...)

March 4, 2016 9:48 AM EST

Vitae Pharmaceuticals (NASDAQ: VTAE) 54% LOWER; reported Q4 EPS of ($0.52), $0.10 better than the analyst estimate of ($0.62). Revenue for the quarter came in at $92.09 thousand versus the consensus estimate of $120 thousand.

SunEdison, Inc. (NYSE: SUNE) 17% HIGHER; SunEdison, its holding company SunEdison Holdings Corporation, and TerraForm Power, Inc. (Nasdaq: TERP), an owner and operator of clean energy power plants, announced that they have entered into... More

Wall Street pulls off a rare four-day winning streak

March 4, 2016 7:18 AM EST

By Noel Randewich

(Reuters) - Wall Street ended higher on Friday after employment data allayed investors' concerns about a sluggish economy without bolstering fears of an imminent interest rate hike.

It was the first time since October that the S&P 500 has enjoyed a four-session winning streak. And for the first time since early January, the Dow Jones industrial average rose above the 17,000 mark while the S&P 500 ended a fraction below 2,000, levels that some traders see as psychologically important.

The gains followed a report that nonfarm payrolls increased by 242,000 jobs last month. However,... More

Avago's (AVGO) Smartphone Headwinds Offset By Execution - Sterne Agee

March 4, 2016 7:12 AM EST

Sterne 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

After-Hours Stock Movers 03/03: (AVGO) (HPE) (SWHC) Higher; (VTAE) (AMBA) (HRB) Lower (more...)

March 3, 2016 6:09 PM EST

Vitae Pharmaceuticals (NASDAQ: VTAE) 20% LOWER; reported Q4 EPS of ($0.52), $0.10 better than the analyst estimate of ($0.62). Revenue for the quarter came in at $92.09 thousand versus the consensus estimate of $120 thousand.

Broadcom (NASDAQ: AVGO) 7.4% HIGHER; reported Q1 EPS of $2.41, $0.11 better than the analyst estimate of $2.30. Revenue for the quarter came in at $1.77 billion versus the consensus estimate of $1.75 billion.

Ambarella (NASDAQ: AMBA) 6.9% LOWER; reported Q4 EPS of $0.64, $0.16 better than the... More

Apple supplier Broadcom to slash 1,900 jobs globally

March 3, 2016 5:59 PM EST

(Reuters) - Chipmaker Broadcom Ltd, the company created following the merger of Avago and Broadcom, said it would cut about 1,900 jobs globally across its businesses.

Shares of Broadcom, which also supplies to Apple Inc, were up 8 percent at $148.20 in extended trading on Thursday.

The company said... More

Broadcom (AVGO) Tops Q1 EPS by 11c, Offers Q2 Guidance

March 3, 2016 4:05 PM EST

Broadcom (NASDAQ: AVGO) reported Q1 EPS of $2.41, $0.11 better than the analyst estimate of $2.30. Revenue for the quarter came in at $1.77 billion versus the consensus estimate of $1.75 billion.

GUIDANCE:

Second Quarter Fiscal Year 2016 Business Outlook

Based on current business trends... 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

Mizuho Securities Downgrades SanDisk (SNDK) to Neutral

March 2, 2016 6:45 AM EST

Mizuho Securities downgraded SanDisk (NASDAQ: SNDK) from Buy to Neutral with a price target of $78.50 and roatating into Micron (NASDAQ: MU) and Avago (NASDAQ: AVGO).

Analyst Vijay Rakesh... More