Avago, Apple, Workday: Tech Premarket
NEW YORK (TheStreet) -- Avago Technologies
Shares of the semiconductor specialist climbed 6.14% to $38.80 before market open.
"AVGO reported a strong JulyQ guiding to a stronger OctQ despite multiple competitive and smartphone concerns," wrote Vijay Rakesh, an analyst at Sterne Agee, in a note released on Wednesday.
Sterne Agee raised its fourth-quarter Avago revenue estimate to $730 million from $692 million. The analyst firm, which has a 'buy' rating on Avago, also hiked its fourth-quarter earnings estimate to 84 cents a share from 78 cents a share.
Shares of cloud computing specialist Workday
Apple, however, dipped 0.12% to $488.
--Written by James Rogers in New York.
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