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News Breaks
November 29, 2012
10:20 EDTBRCM, INTCBroadcom climbs, Intel falls after Citi changes Q4 estimates
Broadcom (BRCM) is advancing and Intel (INTC) is declining after Citigroup was upbeat about the former company and downbeat about the latter one in a note to investors earlier today. Citigroup analyst Glen Yeung raised his fourth quarter revenue estimate on Broadcom, and he expects the company to increase its guidance at its Analyst Day on December 6. The company is benefiting from greater availability of Apple's (AAPL) iPhone 5, and strong sales of Samsung devices, explained Yeung. Furthermore, Cisco's (CSCO) outlook earlier this month was "somewhat optimistic," said Yeung, who views Broadcom's fourth quarter guidance as conservative. The analyst maintained a Buy rating on the stock. Conversely, Yeung reduced his price target on Intel to $21 from $23, and believes that the company is likely to report lower than expected fourth quarter results. Data indicates that computer notebook sales have been weak this quarter, explained the analyst, who maintained a Neutral rating on the shares. In early trading, Broadcom gained 0.65% to $32.37 and Intel fell 1.62% to $19.76.
News For BRCM;INTC From The Last 14 Days
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December 19, 2014
07:42 EDTINTCEPAM, WisdomTree added to Franchise Pick list at Jefferies
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December 18, 2014
10:01 EDTINTCOn The Fly: Analyst Initiation Summary
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06:16 EDTINTCIntel initiated with a Neutral at Citigroup
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December 17, 2014
08:55 EDTINTCJD.com signs partnership pact with Intel on shopping tech, Marbridge Daily says
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08:15 EDTBRCMBroadcom launches first 40/50/100GbE PAM-4 physical layer device
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08:04 EDTBRCMBroadcom launches video platform for Mexican transition to digital TV
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December 16, 2014
11:31 EDTINTCRackspace looks to reduce reliance on Intel chips, Bloomberg says
Rackspace Hosting (RAX), which has been testing server computers based on IBM (IBM) Power chip designs, is looking to reduce its reliance on Intel (INTC) chips as it shifting to some server computers based on modified International Business Machine processors, says Bloomberg. Reference Link
December 15, 2014
10:00 EDTBRCMOn The Fly: Analyst Upgrade Summary
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07:45 EDTBRCMBroadcom upgraded to Buy from Hold at Evercore ISI
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December 10, 2014
08:40 EDTBRCMBroadcom price target raised to $53 from $46 at Brean Capital
Brean Capital raised its price target on Broadcom to $53 from $46 following the company's analyst day, citing its updated guidance range, potential for return of capital to shareholders, and its leading position in its business segments. Brean Capital reiterated its Buy rating on Broadcom shares.
08:04 EDTBRCMBroadcom price target raised to $52 from $48 at Oppenheimer
Oppenheimer raised its price target on Broadcom as the firm believes that the tone at the company's Analyst Day was positive. The firm thinks the company's networking unit looks poised for further share gains at Marvell's (MRVL) expense. Oppenheimer continues to recommend buying the stock.
07:21 EDTBRCMBroadcom price target raised to $52 from $45 at Susquehanna
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06:54 EDTBRCMBroadcom shares continue to have upside, says Deutsche Bank
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December 9, 2014
18:21 EDTBRCMOn The Fly: After Hours Movers
UP AFTER EARNINGS: Korn/Ferry (KFY), up 3.1%... Analogic (ALOG), up 2.7%. DOWN AFTER EARNINGS: Freshpet (FRPT), down 8.5% after reporting quarterly results... Krispy Kreme (KKD), down 4.9%... Broadcom (BRCM), reverses to down just below 1%. ALSO LOWER: Agios Pharmaceuticals (AGIO), down 1.9% after filing to sell $175M of common stock... Yum! Brands (YUM), down 4.6% after providing fiscal 2015 operating guidance.
16:10 EDTBRCMBroadcom enhances corporate governance measures
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16:07 EDTBRCMBroadcom increases dividend to 14c, authorizes $1B stock repurchase plan
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16:05 EDTBRCMBroadcom increases dividend to 14c, authorizes $1B stock repurchase plan
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16:04 EDTBRCMBroadcom raises Q4 revenue view to $2.075B-$2.15B, consensus $2.09B
Broadcom maintained the guided range for Q4 product dross margin on both a GAAP and non-GAAP basis. Now sees Q4 R&D and SG&A expenses closer to down about $50M and down about $40M on a GAAP and non-GAAP basis, respectively.
December 8, 2014
15:18 EDTBRCMBroadcom December volatility elevated into analyst day
Broadcom December weekly call option implied volatility is at 53, December is at 34, January is at 27; compared to its 26-week average of 26 according to Track Data, suggesting large near term price movement into a company sponsored analyst day on December 10.

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