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INX:AVGO, Feb 22, 10:33 UTC

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Wednesday, February 19


News

Broadcom Inc. (AVGO) Outpaces Stock Market Gains: What You Should Know

AVGO

Broadcom Inc. (AVGO) closed at $315.69 in the latest trading session, marking a +1.59% move from the prior day. AVGO will be looking to display strength as it nears its next earnings release, which is expected to be March 12, 2020. Meanwhile, our latest consensus estimate is calling for revenue of $5.93 billion, up 2.36% from the prior-year quarter. For the full year, our Zacks Consensus Estimates are projecting earnings of $23.16 per share and revenue of $25.02 billion, which would represent changes of +8.78% and +10.72%, respectively, from the prior year. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

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  • Business
  • Financial

Tuesday, February 18


News

Latest variation:: Broadcom Inc., (NASDAQ: AVGO) - Nasdaq News Feed

AVGO

Growth in EPS is an important measure of administration performance because it shows how much money the company is making for it’s investors or shareholders, not only because of changes in profit, but also after all the effects of issuance of new shares (this is especially important when the growth comes as a result of acquisition). On 17-02-2020 (Monday),AVGO stock construct a change of -1.91 in a total of its share price and finished its trading at 317.77. Return on assets (ROA) is a financial ratio that shows the percentage of profit a company earns about its overall resources. Taking a look at the performance of Broadcom Inc. stock, an investor will come to know that the weekly performance for this stock is valued at 0.81%, resulting in a performance for the month at 4.83%. Therefore, the stated figure displays a quarterly performance of 1.31%, bringing six-month performance to 18.29% and year to date performance of 0.55%.

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  • Business
  • Financial

Friday, February 14


News

Buy this Semiconductor Stock Right Now for Income and Growth

AVGO

The fourth quarter earnings season has been strong for semiconductor stocks, as Wall Street rewards many for a return to growth and solid guidance. So let’s take a look a why Broadcom Inc. AVGO appears to be a chip stock worth buying for its dividend and growth potential, with its earnings in sight. What’s the Story? Despite the decline, semiconductor stocks thrived, driven by the likes of AMD AMD and other high-flyers, as Wall Street bought up beaten down chip stocks in early 2019 in anticipation of a return to growth. Plus, the overall earnings season has been strong, driven by giants such as Apple AAPL and Microsoft MFST. And despite the continued spread of the coronavirus in China, all three major U.S. indexes rest near their new highs. As far as Broadcom is concerned, the firm already posted stronger-than-projected Q4 2019 results in December. CEO Hock Tan also said that its core semiconductor business was bottoming out and he expects the unit to return to growth in the second half fiscal 2020.

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  • Business
  • Financial

Thursday, February 13


News

Broadcom Targets Choppy Audio With New Bluetooth Chip

AVGO

(Reuters) - Broadcom Inc on Thursday released a new chip aimed at eliminating choppy phone calls and music on Bluetooth headphones. The Broadcom chip released on Thursday handles Wi-Fi and Bluetooth wireless communication functions in devices such as smart phones. The Bluetooth chips also keep one of their radios in a low-power mode so that it can stay on all the time to "listen" for devices trying to connect to a mobile phone, a feature meant to help wireless headphones connect faster. The chip will also support Wi-Fi 6E, a new version of the common wireless standard that is expected to be much faster than previous versions if both a phone and a Wi-Fi router have new chips that support it. But before the technology can be used, the U.S. Federal Communications Commission must finalize its 2018 move to open up the use of 6-gigahertz spectrum. If U.S. regulators open the spectrum in the next several months, Nagarajan said devices with the new chips could come to market as early as this fall.

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Topics:
  • Technology
  • Science
  • Business

Wednesday, February 12


News

Broadcom Inc. to Announce First Quarter Fiscal Year 2020 Financial Results on Thursday, March 12, 2020

AVGO

SAN JOSE, Calif., Feb. 12, 2020 /PRNewswire/ -- Broadcom Inc. (NASDAQ: AVGO), a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, today announced it will report its first quarter fiscal year 2020 financial results and business outlook on Thursday, March 12, 2020 after the close of the market. Broadcom's management will host a conference call at 2:00 p.m. Pacific Time on the same day to discuss these results and business outlook. The conference call can be accessed live online in the Investors section of the Broadcom website at www.broadcom.com, or by telephone as follows:. Our solutions include data center networking and storage, enterprise, mainframe and cyber security software focused on automation, monitoring and security, smartphone components, telecoms and factory automation. For more information, go to www.broadcom.com.

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  • Financial
  • Science

Tuesday, February 11


News

Broadcom Inc. (AVGO) Outpaces Stock Market Gains: What You Should Know

AVGO

In the latest trading session, Broadcom Inc. (AVGO) closed at $320.16, marking a +1.9% move from the previous day. Wall Street will be looking for positivity from AVGO as it approaches its next earnings report date. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.93 billion, up 2.36% from the year-ago period. For the full year, our Zacks Consensus Estimates are projecting earnings of $23.14 per share and revenue of $25.02 billion, which would represent changes of +8.69% and +10.72%, respectively, from the prior year. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

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News

Will Broadcom Inc. (AVGO) Beat Estimates Again in Its Next Earnings Report?

AVGO

It is worth considering Broadcom Inc. (AVGO), which belongs to the Zacks Electronics - Semiconductors industry. This chipmaker has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. Came out with earnings of $5.39 per share versus the Zacks Consensus Estimate of $5.36 per share, representing a surprise of 0.56%. For the previous quarter, the company was expected to post earnings of $5.11 per share and it actually produced earnings of $5.16 per share, delivering a surprise of 0.98%. Broadcom Inc. Has an Earnings ESP of +7.68% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #3 (Hold), it shows that another beat is possibly around the corner. When the Earnings ESP comes up negative, investors should note that this will reduce the predictive power of the metric. But, a negative value is not indicative of a stock's earnings miss.

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  • Business
  • Financial

Monday, February 10


News

Q1 2020 EPS Estimates for Broadcom Inc (NASDAQ:AVGO) Raised by Analyst – Slater Sentinel

AVGO STI

SunTrust Banks analyst W. Stein now forecasts that the semiconductor manufacturer will post earnings per share of $4.56 for the quarter, up from their prior forecast of $4.46. SunTrust Banks also issued estimates for Broadcom’s Q2 2020 earnings at $4.27 EPS, Q3 2020 earnings at $4.61 EPS, Q4 2020 earnings at $5.26 EPS, FY2020 earnings at $18.69 EPS and Q1 2021 earnings at $5.34 EPS. Shares of Broadcom stock opened at $315.23 on Friday. Cresset Asset Management LLC now owns 1,922 shares of the semiconductor manufacturer’s stock worth $558,000 after acquiring an additional 37 shares in the last quarter. Asset Dedication LLC raised its holdings in shares of Broadcom by 1.6% in the 3rd quarter. Asset Dedication LLC now owns 2,457 shares of the semiconductor manufacturer’s stock worth $673,000 after acquiring an additional 38 shares during the last quarter.

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  • Business
  • Financial

Thursday, February 06


News

DevOps Tool Market is Expected to Gain USD 10.30 Billion by 2025, at a CAGR of 23.5%: Red Hat, Broadcom, Cisco

AVGO CSCO

(MENAFN - GetNews) The DevOps Tool Market size is expected to grow from USD 2.90 Billion in 2017 to USD 10.30 Billion by 2025, at a Compound Annual Growth Rate (CAGR) of 23.5% during the forecast period. The demand for DevOps Tool and services among enterprises is expected to gain huge traction, due to the increasing need for fast application delivery with high quality. In addition, the study helps venture or private players in understanding the companies more precisely to make better informed decisions. Some of the key players in the Global DevOps Tool market are Puppet Labs, Chef, Docker Inc., Red Hat, Atlassian, Saltstack, Broadcom, Rackspace, XebiaLabs, VersionOne, Cisco, CollabNet, HP, IBM, Microsoft, Spirent Communications plc, Vmware & DBmaestro. What's keeping Puppet Labs, Chef, Docker Inc., Red Hat, Atlassian, Saltstack, Broadcom, Rackspace, XebiaLabs, VersionOne, Cisco, CollabNet, HP, IBM, Microsoft, Spirent Communications plc, Vmware & DBmaestro Ahead in the Market? Regional Analysis for DevOps Tool Market:North America, Europe, China, Japan, Southeast Asia, India & Central & South America. For Consumer Centric Market, Survey Analysis can be included as part of customization which consider demographic factor such as Age, Gender, Occupation, Income Level or Education while gathering data.

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Topics:
  • Business
  • Financial

Wednesday, February 05


News

Howard Capital Management Inc. Has $482,000 Stock Holdings in Broadcom Inc (NASDAQ:AVGO) – Slater Sentinel

AVGO

Wednesday, February 5th, 2020. Howard Capital Management Inc. reduced its position in shares of Broadcom Inc (NASDAQ:AVGO) by 7.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. In related news, CEO Hock E. Tan sold 73,646 shares of the stock in a transaction that occurred on Wednesday, January 15th. Insiders sold a total of 251,146 shares of company stock worth $77,974,726 in the last quarter. Wells Fargo & Co upped their price target on shares of Broadcom from $300.00 to $330.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th.

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  • Business
  • Financial