|Bid||259.41 x 800|
|Ask||263.00 x 1300|
|Day's range||258.97 - 261.50|
|52-week range||221.98 - 285.68|
|PE ratio (TTM)||9.79|
|Earnings date||30 May 2018 - 4 Jun 2018|
|Forward dividend & yield||7.00 (2.70%)|
|1y target est||313.00|
Broadcom Inc. designs, develops, and supplies a range of semiconductor devices with a focus on complex digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V basedRead More...
Broadcom Inc (NASDAQ:AVGO) saw a double-digit share price rise of over 10% in the past couple of months on the NasdaqGS. As a large-cap stock with high coverage by analysts,Read More...
Broadcom's (AVGO) strengthening collaboration with HPE makes it well poised to expand data center server storage capabilities.
After seven straight weeks of gains, chip stocks are getting crushed. That weakness has one technician looking for strength elsewhere.
By revenue, chipmakers face the greatest risks in escalating trade tensions with Beijing, according to Morgan Stanley.
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.
Media company Comcast Corp’s record all-cash US$65bn bid to buy Twenty-First Century Fox’s media assets, a day after AT&T’s long-sought acquisition of Time Warner received a green light, signals an oncoming wave of M&A that banks will aggressively compete to finance. The federal judge’s ruling in favor of the US$85bn AT&T/Time Warner tie-up, first announced in October 2016, without any conditions, removed an obstacle for debt markets after several huge, high profile technology and healthcare deals were scuttled by antitrust or national security concerns. Comcast, in announcing its Walt Disney Co-topping bid, said it had “highly confident” letters from Bank of America Merrill Lynch and Wells Fargo that the banks can secure the needed financing for the proposed acquisition.
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.
Broadcom Inc said it had laid off about 1,100 employees across its businesses to cut costs after its merger with Brocade Communications Systems. The chipmaker completed its $5.5 billion acquisition of ...
(Reuters) - Broadcom Inc (AVGO.O) said it had laid off about 1,100 employees across its businesses to cut costs after its merger with Brocade Communications Systems. The chipmaker completed its $5.5 billion ...
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.
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.