|Bid||209.60 x 800|
|Ask||213.00 x 1200|
|Day's Range||208.04 - 211.48|
|52 Week Range||197.46 - 285.68|
|PE Ratio (TTM)||7.93|
|Earnings Date||Aug 20, 2018 - Aug 24, 2018|
|Forward Dividend & Yield||7.00 (3.46%)|
|1y Target Est||293.42|
The most expensive home sold in Santa Clara County last month was a $12.3 million estate next to the VMware and Tesla campuses in Palo Alto. The buyer: The ambitious dealmaking CEO of chipmaker Broadcom.
Nearly a week after Broadcom Inc (NASDAQ: AVGO ) stock crashed following the announcement of a puzzling .9 billion buyout of CA, Inc. (NASDAQ: CA ), Broadcom is still getting hate from Wall Street. The ...
Here are some things going on today in the world of tech: Shares of Alphabet (GOOGL) are up $3.31, or 0.27%, to $1,216.40 after the European Union imposed a €4.3 billion fine on the company’s Google unit for anti-trust violations in the way that it struck deals with phone makers for use of its Android software that “denied rivals the chance to innovate and compete,” in the words of Margarethe Vestager, the EU competition commission, as reported by Bloomberg’s Aoife White, Stephanie Bodoni, and Natalia Drozdiak. Google has 90 days to stop “illegal practices,” the authors relate. As my colleague Jonathan Swartz notes, the fine equals 40% of the net income Google brought in last year.
NEW YORK , July 18, 2018 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of CA Technologies Inc. ("CA" ...
In this updated daily bar chart of AVGO, below, we can see the big downside price gap from last week. Volume was heavy and the daily On-Balance-Volume (OBV) line moved sharply lower signaling aggressive selling. The trend-following Moving Average Convergence Divergence (MACD) is in an outright sell mode.
Until recently, Broadcom (NASDAQ:AVGO) CEO Hock Tan had the Midas Touch. The result is that he has created one of the world’s largest semiconductor suppliers. Since early June, Broadcom stock has plunged from $270 to $202.
Many analysts expressed dismay at Broadcom’s (AVGO) decision to acquire software company CA Technologies. Investors dumped Broadcom on the acquisition news, leading the stock to deliver its worst one-day performance ever. From Raymond James analysts to Nomura Instinet analysts, many have cast doubts on Broadcom’s purchase of CA, saying the company has risked confusing investors about its strategy.
Broadcom (AVGO) dropped its bid to acquire Qualcomm (QCOM) earlier this year. However, the company announced on July 11 that it had reached an agreement to acquire CA Technologies, a massive IT management software and solutions provider, for $18.9 billion in cash. Broadcom stock fell 2.8% that day. The bid represents a 20% premium on CA technology’s July 11 stock price.
The electric carmaker employs about 520 people locally, and already occupied nearly 200,000 square feet in North San Jose, which is seeing a boom in new developments and corporate campuses.
“It may end up being one of Broadcom’s best acquisitions over the last several years," the analyst says, contradicting Wall Street's consensus reaction last week that the chipmaker's bid for a software company doesn't make sense.
Here are some things going on today in the world of tech: People are still debating Broadcom’s (AVGO) announcement last week it will spend $19 billion to acquire software maker CA (CA), with a healthy debate over the merits and drawbacks of the deal. Broadcom shares are up $1.88, or 0.9%, at $204.34, while CA is down 3 cents $44.04, just below the deal’s offer price of $44.50. For the bullish view, Piper Jaffray’s Harsh Kumar reiterates an Overweight rating on Broadcom stock, and a $293 price target, after having talked to CFO Tom Krause on Friday, a chat that left him “extremely comfortable with the CA acquisition." "In our humble opinion, it may end up being one of Broadcom’s best acquisitions over the last several years." Kumar writes that Broadcom will tweak some things, leaving others alone.
This weekend's Barron's presents the wisdom and picks from its 2018 Mid-Year Roundtable. "2018 Mid-Year Roundtable: Good News for Stockpickers" by Lauren R. Rublin indicates that the broad market could struggle in the second half, but the Barron's panel of investment experts sees plenty of bargains in energy, media, retail and tech. Andrew Bary's "Ackman's Comeback: How to Ride His Revival" points out that this hedge fund manager's publicly traded vehicle is up more than 10 percent this year and trades at a discount to its net asset value, offering an opportunity for investors.
Shareholders of chip giant Broadcom (AVGO) had reasons to crow as the stock price appreciated 560% from late 2013 through the end of last year. The motto of Broadcom holders had been “In Hock We Trust.” But that faith has been seriously shaken. During the four-month stretch of that failed campaign, Broadcom’s stock traded down 5%.
The Commerce Department removed the ban shortly after ZTE deposited $400 million in a U.S. bank escrow account as part of a settlement reached last month. The settlement also included a $1 billion penalty that ZTE paid to the U.S. Treasury in June. "The department will remain vigilant as we closely monitor ZTE's actions to ensure compliance with all U.S. laws and regulations," Commerce Secretary Wilbur Ross said in a statement that described the terms of the deal as the strictest ever imposed in such a case.
On Wednesday after the close, shares of CA (NASDAQ:CA) soared some 18% after The Wall Street Journal reported that Broadcom (NASDAQ:AVGO) would acquire the company. Broadcom soon confirmed the $18.9-billion buyout, and its shares quickly plunged on the news. With AVGO stock down almost 3% Wednesday and more than 16% in early Thursday trading, what should investors do?
Broadcom Inc.'s ( AVGO) recent acquisition of CA Inc. ( CA) for $18.9 billion caught many investors by surprise, and Broadcom's stock was punished as a result. The move by Broadcom to buy CA comes after Broadcom was unable to acquire Qualcomm Inc. ( QCOM) earlier this year. The reports of the new deal caught many investors off guard, given the differing business that Broadcom, a chipmaker, and CA, a software company, have.
The S&P 500’s top losses on July 12 were: Broadcom (AVGO) declined 13.74%. L Brands (LB) declined 12.05%. Synchrony Financial (SYF) declined 5.29%. Campbell Soup Company (CPB) declined 2.43%. Helmerich & Payne (HP) declined 2.33%. Broadcom
Here are some things going on today in the world of tech: Two more analysts have downgraded Broadcom (AVGO) on its proposed acquisition of CA (CA), sending the stock down $2.18, or 1%, to $207.80. One persistent worry for GPUs has been the ebbs and flows of the cryptocurrency market, but "gamer demand also appears relatively muted,” writes Peterson.
Irrespective of your like or dislike for President Trump, you have to give him credit for being the first U.S. president to take aggressive steps to stop China from dominating new technologies essentially by acquiring American technologies. Subsequently, Avago kept its ticker symbol “AVGO” but changed its name to Broadcom.
Topping the list of reasons why Broadcom tumbled: CA is a large enterprise software company with a very broad and diverse product lineup. Naturally, there are concerns about how well such a company will perform as a subsidiary of Broadcom, a chip and hardware supplier that has never owned a major software firm before. As well as about how much Broadcom's existing operations could be impacted as CEO Hock Tan and the rest of Broadcom's management devotes time and resources towards bringing CA into the fold.