RBC Capital Raises Avago (AVGO) PT After Solid Quarterly Report
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Avago (AVGO) PT Lifted to $185 at UBS
December 3, 2015 9:33 AM ESTUBS analyst, Stephen Chin, is confident Avago Technologies (NASDAQ: AVGO) RF filter sales can grow at a 20% CAGR for the next few years given higher content from further penetration of 4G LTE-Advanced features in smartphones. With smartphone RF content averaging $6 at the high end, we believe content can expand to $8-10 over the next... More
Avago (AVGO) Sees Continued Strong Execution, Canaccord Genuity Says; PT Up to $179
December 3, 2015 9:03 AM ESTCanaccord Genuity reiterated a Buy rating on Avago Technologies (NASDAQ: AVGO), and raised the price target to $179.00 (from $165.00), following the company's 4Q earnings report. Avago reported pro forma EPS of $2.51, above consensus' $2.38 estimate. The beat was driven by a strong pro forma gross margin of 62.0%.
Also, Management remains committed to the Broadcom acquisition, and Canaccord anticipates a strong... More
Mizuho Raise Estimates, PT on Avago (AVGO) on Solid Execution
December 3, 2015 8:42 AM ESTMizuho Securities reiterated a Buy rating on Avago Technologies (NASDAQ: AVGO), and raised the price target to $175.00 (from $165.00), following the company's 4Q earnings report. AVGO reported solid revenues of $1.85B, in-line with consensus. EPS was reported at $2.51, beating consensus' estimate of $2.38. The... More
Susquehanna Raise PT on Avago Tech (AVGO); Says Story Doesn't Change Post Q4
December 3, 2015 7:14 AM ESTSusquehanna reiterated a Positive rating on Avago Technologies (NASDAQ: AVGO), and raised the price target to $165.00 (from $160.00), following the company's 4Q earnings report. Given better margins and continued opex control, the BRCM acquisition on track, and expected gains in wireless as they add capacity in 2016, Susquehanna doesn't think that the story... More
Avago Tech (AVGO) Tops Q4 EPS by 13c
December 2, 2015 4:03 PM ESTAvago Tech (NASDAQ: AVGO) reported Q4 EPS of $2.51, $0.13 better than the analyst estimate of $2.38. Revenue for the quarter came in at $1.84 billion versus the consensus estimate of $1.85 billion.
GUIDANCE:
Avago Tech sees Q1 2016 revenue of $1.743-1.793 billion, versus the consensus... More
