Is the Market Getting Impatient with Broadcom?
Many analysts expressed dismay at Broadcom’s (AVGO) decision to acquire software company CA Technologies. Investors dumped Broadcom on the acquisition news, leading the stock to deliver its worst one-day performance ever. From Raymond James analysts to Nomura Instinet analysts, many have cast doubts on Broadcom’s purchase of CA, saying the company has risked confusing investors about its strategy.