Broadcom (AVGO): LT Sustainability Over NT Positive Results; PT Up to $199 - Sterne Agee CRT
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Go back to Broadcom (AVGO): LT Sustainability Over NT Positive Results; PT Up to $199 - Sterne Agee CRT
June 3, 2016 11:20 AM EDT
Brean Capital reiterated a Buy rating on Broadcom Limited (NASDAQ: AVGO), and raised the price target to $190.00 (from $180.00), following the company's 2Q earnings report. Avago reported revenues of $3.56B vs. the Street consensus of $3.55B. Reported EPS of $2.53 also beat consensus estimates of $2.38.... More
June 3, 2016 9:52 AM EDT
Oppenheimer reiterated an Outperform rating on Broadcom Limited (NASDAQ: AVGO), and raised the price target to $180.00 (from $170.00), following the company's 2Q earnings report. AVGO reported revenues of $3.6B, coming in ahead of the consensus estimate of $3.55B. Non-GAAP EPS of $2.53 also bested consensus estimates at $2.38. Wired drove 2Q... More
June 3, 2016 8:56 AM EDT
Jefferies reiterated a Buy rating on Broadcom Limited (NASDAQ: AVGO), and raised the price target to $190.00 (from $180.00), following the company's 2Q earnings report. Sales of $3.6B were in line with consensus, but non-GAAP EPS of $2.53 were $0.15 above consensus of $2.38 due largely to faster... More
June 3, 2016 8:16 AM EDT
UBS analyst, Stephen Chin is increasingly confident in his Broadcom Limited (NASDAQ: AVGO) estimates and raised his PT to $205 from $190. No change to the Buy rating.
Broadcom continues to show solid quarterly execution in its core wireline and wireless segments and remains ahead of schedule on the merger cost synergy target of $750M. He is less concerned with the lumpiness in wireless chip... More
June 3, 2016 8:10 AM EDT
Cowen and Company lifts its price target on Outperform-rated Broadcom (Nasdaq: AVGO) from $190 to $200 folllowing solid Q2 results and outlook issued Thursday night.
Analyst Tim Arcuri commented today, AVGO has been our top pick since our recent initiation and today's call reinforced and validated our conviction.
The company is... More
June 3, 2016 7:06 AM EDT
Drexel Hamilton reiterated a Buy rating on Broadcom Limited (NASDAQ: AVGO), and raised the price target to $192.00 (from $169.00), following the company's 2Q earnings report. Broadcom delivered Q2 revenue of $3.56 billion compared to the Street consensus of $3.54 billion. EPS of $2.53 compared to the consensus of $2.38.... More
June 2, 2016 4:03 PM EDT
Broadcom Ltd. (NASDAQ: AVGO) reported Q2 EPS of $2.53, $0.15 better than the analyst estimate of $2.38. Revenue for the quarter came in at $3.54 billion versus the consensus estimate of $3.55 billion.
"We delivered solid second quarter revenue, while exceeding EPS expectations for our first quarter operating as a combined... More
