Broadcom just released earnings beating expectations by 11 cents with non-GAAP EPS at 65c. During the earnings calls sales estimate for second quarter have been raised. Broadcom stock was down after Qualcomm earnings release which provided a grim estimate for second quarter. We are raising Broadcom stock and strong buy and raising out stock estimate to $45 based on the following.
1. Strong sales issued by two biggest customers (Apple and Samsung).
2. New Product rollouts.
3. Recent acquisition Netlogic and Broadlight.� Holding:No Position Disclosure:
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