Broadcom's Earnings Preview: Q1'15 To Be Seasonally Down But Long-Term Growth Remains Intact |
| April 18, 2015 | April 2015 Bond Updates |
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Expecting a seasonal decline in its business, Broadcom expects to report revenue of $2 billlion (+/- $75 million) in Q1 2015, with broadband and connectivity down and infrastructure networking roughly flat. We believe the business will see strong growth in the future driven by product cycles and new launches from key customers. Our price estimate of $44 for Broadcom is just slightly below the current market price. We will update our model after the Q1 2015 earnings release. |
| View more at: http://www.forbes.com/sites/greatspeculations/2015/04/17/broadcoms-earnings-preview-q115-to-be-seasonally-down-but-long-term-growth-remains-intact/ |
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