Broadcom Ltd (AVGO) Q4 Profit Beats; Revenue In-Line; Forecast Tops Estimates

08 Décembre, 2017, 01:07 | Auteur: Auguste Feret
  • Net revenue amounted to US$4.84bn

Broadcom Limited has a 1 year low of $163.67 and a 1 year high of $285.68.

According to 10 stock analysts, BP p.l.c., is being kept at an average Outperform, rating, with at least 0.22% of shares outstanding that are now legally short sold. Analysts expected earnings of $4.51 a share on sales of $4.82 billion, according to Zacks Investment Research. As per Monday, August 29, the company rating was maintained by RBC Capital Markets. The firm earned "Buy" rating on Friday, August 25 by Mizuho. The firm has "Buy" rating given on Tuesday, December 6 by Loop Capital. The brokerage issued an outperform rating and a $335.00 price objective on the semiconductor manufacturer's stock. (NYSE:V), 32 have Buy rating, 0 Sell and 7 Hold. Vetr raised shares of Broadcom from a "hold" rating to a "buy" rating and set a $258.25 price target for the company in a report on Monday, August 14th. As per Friday, July 14, the company rating was maintained by Cowen & Co. RBC Capital Markets maintained the shares of AVGO in report on Thursday, August 10 with "Buy" rating. The rating was maintained by Craig Hallum on Wednesday, September 13 with "Buy". This continues to be an interesting story, and we look forward to updating it again soon on Broadcom Limited. AVGO's total short interest was 3.24 million shares in December as published by FINRA. Finally, Vanguard Group Inc. boosted its position in shares of Broadcom by 3.0% during the second quarter. With 224,300 avg volume, 5 days are for Calix Incorporated (NYSE:CALX)'s short sellers to cover CALX's short positions. The SI to Chembio Diagnostics Incorporated's float is 1.08%.

The stock increased 0.10% or $0.25 during the last trading session, reaching $264.14.

The company, whose WiFi chips are found in Apple Inc's (AAPL.O) iPhone and most Android phones, forecast current-quarter revenue of $5.30 billion (£4 billion), plus or minus $75 million. It offers rapid tests for the detection of HIV and syphilis antibodies. The companyÂ's products include lateral flow rapid HIV tests and Dual Path Platform (DPP) HIV 1/2 Assay Test, which detect antibodies to HIV 1 and 2 with visually interpreted results; a DPP HIV-Syphilis multiplex test for the detection of antibodies to HIV and syphilis; and a test for the detection of Hepatitis-C.

Investors sentiment decreased to 0.95 in Q2 2017. Its the same as in 2017Q1.

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Some buy side analysts are also providing their Analysis on Nielsen Holdings plc, where 1 analysts have rated the stock as Strong buy, 0 analysts have given a Buy signal, 3 said it's a HOLD, and 0 analysts rated the stock as Sell.

Among 46 analysts covering Avago Technologies Limited (NASDAQ:AVGO), 44 have Buy rating, 0 Sell and 2 Hold. Scott Selber stated it has 16,550 shares or 2.33% of all its holdings. First Bankshares Of Omaha owns 38,700 shares. Gemmer Asset Limited Liability reported 94 shares. Balasa Dinverno & Foltz Ltd Liability reported 1,640 shares.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings data on Wednesday, December 6th. Mitchell Mcleod Pugh And Williams owns 2,688 shares. Moreover, Eqis Mngmt Inc has 0.21% invested in Broadcom Limited (NASDAQ:AVGO). Oppenheimer maintained Broadcom Limited (NASDAQ:AVGO) on Thursday, December 3 with "Outperform" rating. On an adjusted basis, earnings grew to $4.59 per share from $3.47 a year ago. AVGO's profit will be $1.69B for 17.20 P/E if the $3.92 EPS becomes a reality.

Shares of Broadcom rose 5 percent in extended trading after the company also forecast first-quarter revenue largely above analysts' estimates. The firm has a market capitalization of $106,747.80, a P/E ratio of 19.78, a price-to-earnings-growth ratio of 1.26 and a beta of 1.05.

Broadcom makes chips for wired and wireless communications, enterprise storage, and industrial markets. Analyzing the last five market sessions, the stock was able to report -0.33% losses, thus going up by 9.53%, compared with its 200-day moving average of $36.86. With the last stock price close up 4.78% from the two hundred day average, compared with the S&P 500 Index which has maintained over the date range.

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