Avago anticipates Q4 wireless revenue to grow midteens sequentially On the company Q3 earnings call, Avago said it anticipate our Q4 wireless revenue to grow mid-teens sequentially on a percentage basis. The company added that it expects wired infrastructure revenue excluding CyOptics to grow sequentially. The company anticipates CyOptics to contribute $55M in revenue in Q4.
News For AVGO From The Last 14 Days
Check below for free stories on AVGO the last two weeks.
Avago upgraded to Buy from Neutral at DA Davidson DA Davidson upgraded Avago ahead of the December 4 report given a robust long-term growth outlook. The firm expects Q4 earnings to be slightly above consensus expectations but for the focus to be on BAW filter adoption and its strategic positioning and exposure to emerging LTE, which will drive significant top-line growth. Price target is $55.