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What to Expect from Broadcom (BRCM) Analyst Day
2014-12-08 19:53:51| Electronics - Topix.net
Here's what Pacific Crest analysts are expecting from the global semiconductor solution provider's analyst event tomorrow: "We believe Broadcom is likely to increase cash returns for the following reasons: estimated incremental free cash flow of $300 million-plus in 2015 versus 2014, more stable cash flow after the baseband exit, and estimated $2.5 billion to $3 billion of cash capability for returns versus current commitment of $850 million for 2015," analysts said. positive preannouncement, we expect Broadcom to raise Q4 revenue guidance to the high end of its prior range of $2 billion to $2.15 billion, which could lead to 7 cents of EPS upside with unchanged gross margin," analysts added.
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Category:Electronics and Electrical
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