Orlando, FL -- (SBWIRE) -- 09/16/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Broadcom Corporation(NASDAQ:BRCM), Lululemon Athletica inc. (NASDAQ:LULU).
Broadcom Corporation(NASDAQ:BRCM) shares jumped 0.31% to $26.10. The company on Sept. 11 announced that network solutions provider D-Link has selected its highly integrated StrataGX(TM) processor and 5G WiFi Enterprise system-on-a-chip (SoC) for its new 11AC Wi-Fi enterprise access point. Broadcom's StrataGX Series and 5G WiFi SoCs deliver a substantial increase in bandwidth to the enterprise, allowing multiple users to simultaneously stream and download content 10x faster than legacy wireless networks.
Additionally, the company on Sept. 4 said it is buying Japanese chipmaker Renesas Electronics' LTE-related assets for $164 million to speed up its launch of next-generation communications technology. Broadcom's chips integrating Wi-Fi and Bluetooth technology are used in Apple's iPhone and other top-tier smartphones and tablets.
The company said it expects the deal to speed up the launch of its first multimode, carrier-validated LTE, or Long Term Evolution, chip platform into early 2014. The company said it expects the cash transaction to be roughly neutral to non-GAAP earnings per share by the second half of 2014.
Are investors worried about the recent updates with BRCM? Find out with a free trend analysis HERE
Lululemon Athletica inc. (NASDAQ:LULU) shares gained 4.72% to $68.37. The company on Sept. 12 announced financial results for the second quarter ended August 4, 2013. Net revenue for the quarter increased 22% to $344.5 million from $282.6 million in the second quarter of fiscal 2012. Income from operations for the quarter increased 12.5% to $79.0 million, and as a percentage of net revenue was 22.9% compared to 24.8% of net revenue in the second quarter of fiscal 2012. Diluted earnings per share for the quarter were $0.39 on net income of $56.5 million, compared to diluted earnings per share of $0.39 on net income of $57.2 million in the second quarter of fiscal 2012.
Looking forward, the company expects 2013 fiscal year net revenue to be in the range of $1.625 billion to $1.635 billion, down from its previous forecast of $1.645 billion to $1.665 billion. The company trimmed its forecast for full-year earnings per share to $1.94 to $1.97 from the previous $1.96 to $2.01. Lululemon forecast third-quarter net revenue of $370 million to $375 million, and diluted earnings per share of 39 cents to 41 cents.
Is LULU going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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