Broadcom investors still lamenting the CA Technologies acquisiti
Broadcom shares are down 15% since the company announced the intention to buy CA Technologies for $18.9 billion in mid-July. Investors are skeptical about the deal. But a few experts believe that the deal will add synergies over the long term as the CA Technologies mainframe business is a cash cow.
The shares are now trading at an attractive valuation of 10 times 2019 earnings estimates. Earnings are expected to grow at a CAGR of 14% over the next five years.
finstead.com/bite/Broadcom-AVGO-stock-forecast-prediction-September-6-2018
The shares are now trading at an attractive valuation of 10 times 2019 earnings estimates. Earnings are expected to grow at a CAGR of 14% over the next five years.
finstead.com/bite/Broadcom-AVGO-stock-forecast-prediction-September-6-2018
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