|Bid||260.18 x 1200|
|Ask||260.32 x 1300|
|Day's range||258.44 - 262.57|
|52-week range||221.98 - 285.68|
|PE ratio (TTM)||9.84|
|Earnings date||30 May 2018 - 4 Jun 2018|
|Forward dividend & yield||7.00 (2.59%)|
|1y target est||313.36|
Broadcom's (AVGO) strengthening collaboration with HPE makes it well poised to expand data center server storage capabilities.
LAS VEGAS, June 20, 2018-- HPE Discover-- Broadcom Inc. today announced it is extending its collaboration with Hewlett Packard Enterprise in server storage offerings and will showcase them this week at ...
Dow Jones futures fell Monday. Five chip stocks are near buy points: Micron Technology, Texas Instruments, Broadcom, ASML and Entegris. Micron reports earnings this week.
Broadcom (AVGO) lays off around 1,100 employees after completion of Brocade buyout in a bid to restructure business and bring about a reduction in costs.
Broadcom Inc. said Thursday it has laid off about 1,100 workers as part of cost-cutting following its $5.5 billion acquisition of Brocade Communication Systems, and more cuts may come. In a filing with the Securities and Exchange Commission, Broadcom said it incurred about $143 million in restructuring charges, mostly from employee termination costs, in the first two quarters of 2018. The company said it is "further evaluating our resources and business needs and may eliminate additional positions." The Brocade purchase closed late last year.
Investors pursuing a solid, dependable stock investment can often be led to Broadcom Inc (NASDAQ:AVGO), a large-cap worth US$107.31B. Doing business globally, large caps tend to have diversified revenue streamsRead More...
The launch of new iPhones will boost Broadcom's revenue in the second half of the year, but the company is seeing some caution on the part of Apple.
Previously in this series, we saw that Broadcom’s (AVGO) wide profit margins are converting into strong cash flow. In fiscal Q2 2018, Broadcom had $2.1 billion in free cash flow, of which it spent $347 million on stock buybacks and $766 million on dividends. On April 12, a month after Qualcomm’s (QCOM) acquisition was rejected, Broadcom announced a $12 billion buyback program to compensate shareholders for the failed bid.
NEW YORK, June 14, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Broadcom ...
Whereas Broadcom’s (AVGO) revenue fell in fiscal Q2 2018, its profit margins improved as its mix of wide-margin data center products increased. Its wider profit margins boosted its cash flow. The company’s operating cash flow rose 36% sequentially to a record $2.3 billion, accounting for 46% of its revenue.
Broadcom’s (AVGO) fiscal Q2 2018 earnings were affected by the seasonal nature of its wireless segment. In fiscal Q2 2018, Broadcom’s wired revenue rose 9% YoY (year-over-year) and 22% sequentially to $2.3 billion, accounting for 46% of the company’s revenue. The segment benefited from increased spending on networking and compute infrastructure from cloud data centers and enterprises.
Broadcom’s (AVGO) fiscal second-quarter earnings were impacted by weakness in its second-largest business, wireless. Although Broadcom does not state it openly, its biggest customers are Apple (AAPL) and Samsung (SSNLF). In fiscal Q2 2018, Broadcom’s wireless revenue rose 13% YoY (year-over-year) but fell 41% sequentially to $1.3 billion, accounting for 26% of the company’s revenue.
In the previous part of this series, we saw that Broadcom (AVGO) witnessed some revenue weakness but reported record profits in fiscal Q2 2018 because of robust demand from the data center market. Similarly, Intel (INTC) reported strong demand for server chips from networking and communication service providers.
Broadcom (AVGO) released its fiscal Q2 2018 (ended May 6) earnings last week, with no surprises. Broadcom, the world’s largest communications semiconductor company, has a broad portfolio of wired and wireless products. The company is now expanding in the enterprise storage and industrial spaces.
Semiconductor company Broadcom (AVGO), which has recently attracted attention with its hostile takeover bid for Qualcomm (QCOM), reported its fiscal second-quarter results on June 7. Broadcom stock’s fate was the same as that of other chip stocks with high exposure to the wireless market. It fell ~3% the day after the earnings release.
SAN JOSE, Calif., June 12, 2018-- Broadcom Inc. today announced it has co-sponsored and developed the approved SFF-TA-1005 Universal Backplane Management specification with Dell EMC and Hewlett Packard ...
Broadcom to showcase SFF-TA-1001 ecosystem demo with Toshiba Memory America at HPE Discover;. HPE ProLiant Gen10 server family now features Broadcom 24- port RAID controller. SAN JOSE, Calif., June 12, ...