Avago Technologies (AVGO) Numbers Lifted at BofA/Merrill Lynch on 'Beat and Raise'

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Go back to Avago Technologies (AVGO) Numbers Lifted at BofA/Merrill Lynch on 'Beat and Raise'

Canaccord Lifts PT on Avgo (AVGO) to $83 Following Q2 Results, LSI Deal

May 30, 2014 9:56 AM EDT

Canaccord Genuity is lifting its price target on Avgo Technologies (Nasdaq: AVGO) from $76 to $83 while maintaining a Buy rating ont he stock post-Q2 results.

Analyst T. Michael Walkley noted the following key points:Q1/F14 sales of $701M were above our $678M estimate driven... More

UPDATE: Avago Tech (AVGO) Tops Q2 EPS by 9c; Guides Q3 Revs Above Views; Plans Job Cuts

May 29, 2014 4:06 PM EDT

(Updated - May 29, 2014 4:28 PM EDT)

Avago Tech (NASDAQ: AVGO) reported Q2 EPS of $0.85, $0.09 better than the analyst estimate of $0.76. Revenue for the quarter came in at $901 million versus the consensus estimate of $679.59 million.

Avago Tech sees Q3 2014 revenue of $1.3-1.4 billion, versus... More