Broadcom reported revenue of $29.59 billion and adjusted earnings of $3.32 per share, both beating estimates, and was highlighted on CNBC, which supports a positive view for the company.
The company's latest quarter showed revenue of $29.59 billion and adjusted earnings of $3.32 per share, both above analyst estimates. Those beats raise confidence in its business and were highlighted on CNBC, increasing investor attention. The stock already rose on the news, which reflects market recognition but does not reverse the positive read from the results and the TV pick.
Deutsche Bank started Arista with a Buy and a $220 price target, which supports a favorable view despite a small share dip.
Deutsche Bank began coverage on Cisco with a Buy and a $135 price target, and CNBC also recommended the stock, which reads as positive despite a small decline in the share price.
Itaú reported second-quarter earnings of $0.21 per share and sales of $9.186 billion, both missing analyst estimates, which weighs negatively on the company.
Follow Broadcom Inc. (AVGO) free. When we publish a story about it, you get the plain-English explanation as an alert.
Get alerts for AVGO