Analysts' estimates call for fourth quarter earnings of $1.68 per share, higher than the 89 cents per share Avago Technologies reported in the same quarter of 2013.
Analysts are expecting $1.55 billion in revenue for the period, also higher than the $738 million in sales it posed a year ago.
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Yesterday, Avago Technologies had its price target raised to $105 from $87 with a "buy" rating by analysts at Brean Capital, based on expectations of a solid fourth quarter earnings report.
Separately, TheStreet Ratings team rates AVAGO TECHNOLOGIES LTD as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:
"We rate AVAGO TECHNOLOGIES LTD (AVGO) a HOLD. The primary factors that have impacted our rating are mixed, some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and premium valuation."