Equity Insights May 23rd: Broadcom, MAKO, Guess, NICE, Apollo Investment
Broadcom Corp. (NASDAQ:BRCM): William Blair said it is gaining confidence in Broadcom’s (NASDAQ:BRCM) 3G business ramp and the company’s traction with Samsung following its recent round of channel checks. The firm believes Broadcom’s 3G revenue from Samsung could approach $1B in 2013 and maintains an Outperform rating on the stock. William Blair adds that Broadcom’s 3G business ramp is positive for CEVA (NASDAQ:CEVA), the company’s DSP supplier for all of its basebands.
MAKO Surgical Corp. (NASDAQ:MAKO): Goldman said MAKO’s Q1 headwinds will prove to be one time events and that the company continues to offer attractive fundamentals and strategic assets. The firm recommends using weakness as a buying opportunity and reiterates its Buy rating and $36 price target.
Guess? Inc. (NYSE:GES): Brean Murray raised its price target on Guess following Q1 results citing the company’s ability thus far to avoid issues that have plagued international players and its improved margins in its domestic business. Shares are Buy rated.
NICE Systems Ltd. (NASDAQ:NICE): After meeting with NICE’s management, Oppenheimer thinks that the company is benefiting from increased sales to enterprise customers. The firm expects implementation of the Dodd-Frank Act to drive increased demand for the company’s products, and it reiterates an Outperform rating on the shares.
Apollo Investment Corporation (NASDAQ:AINV): 07:37 EDT Apollo Investment reports Q4 EPS 21c, consensus 21c
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