Broadcom Inc. (NASDAQ: AVGO) reported upbeat earnings for its second quarter. The company also said it sees third-quarter revenue of approximately $8.85 billion versus estimates of $8.72 billion.
Keybanc boosted the price target for Pure Storage, Inc. (NYSE: PSTG) from $35 to $40. Keybanc analyst Thomas Blakey maintained the stock with an Overweight rating. Pure Storage shares fell 2.1% to close at $28.79 on Wednesday.
Advance Auto Parts, Inc. (NYSE: AAP) reported worse-than-expected first-quarter financial results. The company also reduced its full-year guidance and decided to reduce its quarterly dividend.
Salesforce, Inc. (NYSE: CRM) posted better-than-expected earnings and sales results for its first quarter.
The company posted revenue of $8.25 billion, which topped estimates of $8.18 billion. EPS of $1.69 surpassed expectations of $1.61.
Credit Suisse boosted the price target for Microsoft Corp (NASDAQ: MSFT) from $350 to $420. Credit Suisse analyst Sami Badri maintained the stock with an Outperform rating. Microsoft shares fell 0.5% to close at $331.21 on Tuesday.