New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 29, 2014
16:15 EDTAVGOAvago reports Q2 EPS 85c, consensus 76c
Reports Q2 revenue $701M, consensus $678.54M. Non-GAAP gross margin was $381M, or 54% of net revenue,which compares with gross margin of 52% of net revenue last quarter and 51% of net revenue in the same quarter last year.
News For AVGO From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent AVGO news | >>
February 26, 2015
12:39 EDTAVGOOn The Fly: Midday Wrap
Subscribe for More Information
10:58 EDTAVGOAvago hits fresh life high, levels to watch
Subscribe for More Information
10:19 EDTAVGOHigh option volume stocks
Subscribe for More Information
09:25 EDTAVGOOn The Fly: Pre-market Movers
Subscribe for More Information
07:58 EDTAVGOAvago price target raised to $145 from $120 at Brean Capital
Subscribe for More Information
07:50 EDTAVGOAvago price target raised to $140 from $120 at Oppenheimer
Subscribe for More Information
07:43 EDTAVGOAvago price target raised to $145 from $125 at Canaccord
Subscribe for More Information
07:10 EDTAVGOAvago price target raised to $135 from $115 at Pacific Crest
Pacific Crest increased its price target on Avago (AVGO) after the company reported higher than expected EPS and in-line revenue. The firm is upbeat on the company's acquisition of Emulex (ELX), calling it "another accretive gem." Pacific Crest keeps an Outperform rating on Avago.
07:02 EDTAVGOAvago price target raised to $135 from $115 at Deutsche Bank
Deutsche Bank raised its price target for Avago to $135 citing the company's "impressive" revenue growth and operating leverage following its Q1 results. It reiterates a Buy rating on the stock.
06:22 EDTAVGOAvago price target raised to $131 from $110 at Citigroup
Citigroup raised its price target for Avago Technologies (AVGO) to $131 saying the acquisition of Emulex (ELX) will help margin expansion. Citi says it does not view Avago as a wholly derivative play on Apple (AAPL) and it expects the company's diversification into end markets like storage and later auto to drive multiple expansion. Avago remains Citi's top specialty semiconductor pick following its Q4 results.
February 25, 2015
18:24 EDTAVGOOn The Fly: After Hours Movers
Subscribe for More Information
17:37 EDTAVGOQLogic rallies after Avago says purchasing Emulex for $8 per share
Shares of QLogic (QLGC) are higher in the extended session after peer Emulex (ELX) agreed to be bought for $8 per share in cash by Avago Technologies (AVGO). WHAT'S NOTABLE: Emulex and QLogic both make products for network infrastructure. After the close, Avago Technologies (AVGO) and Emulex Corporation (ELX) announced that they have entered into a definitive agreement under which Avago will acquire Emulex in an all-cash transaction valued at approximately $606M. Under the terms of the agreement, which has been approved by the boards of both companies, a subsidiary of Avago will commence a tender offer for all of the outstanding shares of Emulex common stock for $8 per share in cash. Avago expects to fund the transaction with cash available on its balance sheet. PRICE ACTION: Shares of Emulex are higher by almost 25%, while QLogic shares are up almost 5% in extended trading. Avago is up almost 6% to $118.56.
16:20 EDTAVGOAvago sees Q2 revenue down 3% to up 1% sequentially
Consensus $1.54B. Sees Q2 non-GAAP gross margin 58.5% plus/minus 1%. Capital expenditures for Q2 are expected to be approximately $180M.
16:18 EDTAVGOAvago reports Q1 gross margin from continuing operations 59%
Subscribe for More Information
16:18 EDTAVGOAvago reports Q1 EPS $2.09, consensus $1.94
Reports Q1 revenue $1.64B, consensus $1.64B. Q1 gross margin was $826M, or 51% of net revenue.
16:12 EDTAVGOAvago to acquire Emulex for $8 per share in cash
Subscribe for More Information
16:10 EDTAVGOAvago to acquire Emulex for $8 per share in cash
Subscribe for More Information
15:26 EDTAVGOAvago technical comments before earnings
Subscribe for More Information
15:05 EDTAVGONotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include salesforce.com (CRM), consensus 14c... Avago Technologies (AVGO), consensus $1.94... L Brands (LB), consensus $1.80... Workday (WDAY), consensus (6c)... BioMarin (BMRN), consensus (59c)... Concho Resources (CXO), consensus 84c... Antero Resources (AR), consensus 28c... Medivation (MDVN), consensus $1.34... Transocean (RIG), consensus 77c... Sprouts Farmers Market (SFM), consensus 9c... SINA Corporation (SINA), consensus 18c.
February 23, 2015
08:29 EDTAVGOAvago shares should be bought ahead of earnings, says Pacific Crest
Subscribe for More Information
1 | 2 | all recent AVGO news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use