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

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

Broadcom (NASDAQ:AVGO)'s stock had its "buy" rating reiterated by investment analysts at Craig Hallum in a research report issued on Thursday. Suntrust Robinson maintained the shares of AVGO in report on Friday, June 3 with "Buy" rating. The stock has "Buy" rating by Mizuho on Friday, September 2. The firm has "Buy" rating given on Tuesday, December 6 by Loop Capital. The company was maintained on Friday, August 14 by Barclays Capital. On Monday, August 31 the stock rating was upgraded by Zacks to "Sell". Cowen restated a "buy" rating and set a $260.00 price objective on shares of Broadcom in a research note on Friday, August 11th. Canaccord Genuity reinitiated the stock with "Buy" rating in Tuesday, January 5 report. Amer Century has 3.41M shares for 0.43% of their portfolio.

Net income attributable to ordinary shares was $636 million, or $1.50 per share, in the fourth quarter ended October 29, compared with a loss of $632 million, or $1.59 per share, a year earlier. That activity is comparable to their recent volume average trend of almost 2.99 million shares which they recorded over a period of three months. 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. About 249,724 shares traded. (SIRI) has risen 25.58% since December 7, 2016 and is uptrending. It has underperformed by 10.81% the S&P500.

Analysts await Broadcom Limited (NASDAQ:AVGO) to report earnings on December, 14. The difference between the expected and actual EPS was $0.04/share, which represents an Earnings surprise of 5.8%. AVGO's profit will be $1.69 billion for 16.83 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. Its the same as in 2017Q1.

Broadcom Ltd. reported higher-than-expected earnings in the most recent quarter as the chip maker looks to convince Qualcomm Inc.'s shareholders to back its $105 billion takeover bid. Cypress Capital holds 23,224 shares or 0.63% of its portfolio.

Many analysts are providing their Estimated Earnings analysis for Nielsen Holdings plc and for the current quarter 12 analysts have projected that the stock could give an Average Earnings estimate of $0.8/share. Balasa Dinverno Foltz Limited, Illinois-based fund reported 1,640 shares. Scott Selber reported 16,550 shares stake. The short interest to Broadcom Limited Ord's float is 0.81%. Cibc Ww Markets Corporation holds 102,545 shares or 0.25% of its portfolio. Wagner Bowman Management accumulated 1,248 shares.

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Broadcom Ltd (NASDAQ:AVGO) shares are rising 4% after storming past Street-wide expectations with a stellar fourth fiscal quarter showcase to close out 2017. The company has a market capitalization of $106,747.80, a P/E ratio of 19.78, a P/E/G ratio of 1.26 and a beta of 1.05.

Broadcom Company Profile Broadcom Limited is a designer, developer and global supplier of a range of semiconductor devices with a focus on digital and mixed signal complementary metal oxide semiconductor (CMOS)-based devices and analog III-V based products.

Revenue by segment: Wired infrastructure, $2.146B (up 3%); Wireless communications, $1.796B (up 33%); Enterprise storage, $645M (up 15%); Industrial and other, $257M (up 66%). The stock increased 0.76% or $0.91 during the last trading session, reaching $121.2. Analysts reported that the Price Target for Nielsen Holdings plc might touch $55 high while the Average Price Target and Low price Target is $43.39 and $29 respectively.

On Monday November 20, 2017, RBC Capital released a statement for Broadcom (NASDAQ:AVGO) bumped up the target price from $300.00 to $315.00 that suggested an upside of 0.19%. It has outperformed by 47.30% the S&P500. Their revenue meanwhile grew by -12.92% from the last quarter, totaling $49.21 billion. It now has negative earnings.

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