Avago Technologies Limited (NASDAQ:AVGO) most recently reported quarterly actual earnings per share of $2.47 for the period ending on 2016-07-31. Prior to the company reporting, consensus estimates based on data from Zacks Research projected the company to report EPS of $2.29. The difference between the estimate and the actual EPS was $0.18 creating a surprise factor of 7.86%. Currently, the company has an impact score of 83. The likelihood that the stock will move on news is greater with a higher impact score. According to Beta Research, the stock has a sentiment score of 0.435. On a scale between 1 and -1, a positive score tends to portray a favorable view of company results by news outlets. The opposite is true for a negative sentiment score.
In taking a look at where the stock might be headed, analysts have a consensus price target of $199.416 on the shares. The most bullish brokerage firm has a $217 target, while the most bearish sees the stock headed towards $160. This is according to the 24 estimates taken into consideration by Zacks Research.
In terms of Buy/Sell recommendations, analysts have a consensus rating of 1.1. This is according to a simplified scale where 1 represents a Strong Buy and 5 a Strong Sell recommendation. There were 24 recommendations taking into account in order to arrive at this number. Of the 24, 22 have a Strong Buy rating and 3 are rating it a Buy.
Avago Technologies Limited (Avago) is a designer, developer and global supplier of a range of analog semiconductor devices with a focus on III-V based products. Its product portfolio is extensive and includes over 6,500 products that it sells into four primary target markets: wireless communications, wired infrastructure, industrial and automotive electronics, and consumer and computing peripherals. Applications for its products in these target markets include cellular phones, consumer appliances, data networking and telecommunications equipment, enterprise storage and servers, renewable energy and smart power grid applications, factory automation, displays, optical mice and printers. In April 2013, Avago Technologies Ltd acquired Javelin Semiconductor Inc. In June 2013, Avago Technologies Ltd announced that it has completed its acquisition of CyOptics, Inc.
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