|Bid||43.820 x 800|
|Ask||43.830 x 3100|
|Day's Range||43.795 - 43.975|
|52 Week Range||31.450 - 44.250|
|Beta (3Y Monthly)||0.73|
|PE Ratio (TTM)||39.53|
|Earnings Date||Oct 23, 2018 - Oct 29, 2018|
|Forward Dividend & Yield||1.02 (2.33%)|
|1y Target Est||42.51|
Combined Capabilities Deliver New, Groundbreaking Platform that Proactively Remediates Complex IT Performance Problems
Broadcom Inc. said late Friday it received approval from European authorities for its acquisition of CA Inc. . In a filing with the Securities and Exchange Commission, Broadcom said the antitrust clearance from the European Union was the last hurdle to close the deal after having received approval from Japanese regulators on Oct. 2. Broadcom said it expects to close the deal by Nov. 5, the first day of its fiscal year 2019. In July, Broadcom announced an $18.9 billion bid for CA, which knocked Broadcom's stock down 14% the next trading day. Broadcom shares were up less than 0.1% after hours, while CA shares were up 0.5%.
NEW YORK, Oct. 12, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
Does that prove short sellers are targeting the company with deceptive practices? About 25 million shares of the New York-based software maker have been borrowed and sold short, according to research firm S3 Partners, a little over 8 percent of the company’s float. Broadcom, in the midst of buying CA Technologies Inc., said yesterday that it’s the victim of a “fraudulent” effort to raise national security concerns about the deal.
The Pentagon is looking into who wrote the fake memo, according to a spokeswoman. The Committee on Foreign Investment in the United States (CFIUS) is the government panel that reviews deals for potential national security risks.
Broadcom Inc. (NASDAQ: AVGO) in July announced a $19-billion acquisition of CA Technologies (NASDAQ: CA) (formerly known as Computer Associates Technologies) in an attempt to build a leading infrastructure technology company. Earlier this year, President Trump blocked Broadcom's acquisition attempt of Qualcomm Inc (NASDAQ: QCOM), expressing the national security concerns surrounding 5G networking and the company’s ties to China.
Broadcom and CA Technologies are both American companies, and there is no basis in fact or law for CFIUS review of our pending transaction. Broadcom Inc. (AVGO), a Delaware corporation headquartered in San Jose, CA, is a leading designer, developer and global supplier of a broad range of digital and analog semiconductor connectivity solutions. Broadcom Inc.'s extensive product portfolio serves four primary end markets: wired infrastructure, wireless communications, enterprise storage and industrial & other.
Paul called for a review of the proposed $19 billion merger during a Senate hearing on homeland security. It would be the second major challenge to a Broadcom merger this year. President Donald Trump blocked the chipmaker's proposed deal with Qualcomm in March.
The Waltham-based company, which makes IT software for IBM's mainframe computing platform, plans to accelerate its steady history of acquisitions with the help of its new owner.
While the column brings into sharp relief the importance of asset allocation, it also highlights one often overlooked aspect that allocators have to deal with: the need to keep an eye on never-ending changes at the fund level, including changes to portfolio managers, changes in investment styles, and changes to fund company ownership. Keeping in mind that there are many more mutual funds than there are individual stocks, this is no easy task. Putting all this together, Mr Authers has actually reinforced my view that in the long run, active management based on constructing a diversified portfolio of individual stocks may be more effective than either active management through a mutual fund, or passive management via an index.
William Fitzsimmons from Morningstar raised ServiceNow’s (NOW) price target from $221 to $195 and expected the company’s revenues to double in the short term. The analyst expects ServiceNow to post revenues of ~$4.0 billion in fiscal 2020 and that it could reach the $10.0 billion mark by fiscal 2027. Of the 34 analysts tracking ServiceNow, 30 recommend a “buy,” and four recommend a “hold.” There were no “sell” recommendations.
Nick Obolensky ( Letters , October 2) advocates a new, three-way poll, “Remain, Deal, Leave”. The choice polling third is eliminated, and its votes allocated to the other two. Mr Obolensky describes this ...
CA Technologies today announced it has signed an OEM agreement with SAP to integrate and embed services to offer its leading DevOps solutions on SAP® Cloud Platform.
Adopting a modern application architecture is critical to business success and a significant driver of profit growth in today’s digital economy, according to the results of a global survey of 1087 IT and business executives released today by CA Technologies (CA) and conducted by industry analyst firm Frost & Sullivan. The new report titled, “What Business Executives are Learning about Software Development and How it is Helping Achieve KPIs” shows that companies that embrace modern application architectures – such as APIs, microservices and containers – in concert with modern development best practices like DevOps, DevSecOps and Agile are better able to continuously and quickly adapt and adjust software applications to changing market trends and customer needs.
Broadcom Ltd. ( AVGO), one of the most high-profile large-cap chip stocks whose shares were badly pummeled during its failed bid for Qualcomm Inc. ( QCOM), has been on a tear over the past month following a period of underperformance. Now, the semiconductor stock is to poised for a rebound that could push up its shares by more than 20% as it boosts stock buybacks and dividends and benefits from a major acquisition, according to a detailed story in Barron's. Thanks to solid demand for its high-margin products used in smartphones, data centers and factories, Barron's Jack Hough expects Broadcom's "hefty free cash flow" to be utilized for dividends and share repurchases. In light of its high dividend, Hough notes that investors are paying just 11 times earnings for Broadcom stock, compared to to the 14 times earnings that investors pay for consumer giant General Mills Inc. ( GIS), with a 4.5% dividend.
CA Technologies , a leader in business automation software, today announced it has been named a Leader in the 2018 Gartner Magic Quadrant for Application Release Orchestration.
Broadcom (AVGO) generally pays out 50% of the previous fiscal year’s free cash flow to its stockholders in cash dividends. The remaining balance of the company’s free cash flow is intended for share repurchases and future acquisitions. Broadcom initiated a $12 billion share buyback plan in April to compensate shareholders for its failed Qualcomm (QCOM) merger.
On September 19, CA Technologies (CA) formed a strategic alliance with Swisscom, a leading telecom operator, to build an innovative Open Banking Hub. The main purpose of creating the hub is to offer a secured platform to different financial institutions to easily link with third parties, which also includes financial tech startup companies. The partnership might enhance customer service by launching innovative products and services.