AVGO Jan 2021 310.000 call

OPR - OPR Delayed Price. Currency in USD
44.14
+2.64 (+6.36%)
As of 11:37AM EST. Market open.
Stock chart is not supported by your current browser
Previous Close41.50
Open47.10
Bid43.20
Ask43.70
Strike310.00
Expire Date2021-01-15
Day's Range44.14 - 47.10
Contract RangeN/A
Volume4
Open Interest355
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Cisco’s expensive proprietary combinations of hardware and software make up the backbone of much of the internet and corporate networks, and these products generate the bulk of the company’s revenue. The new initiative has the potential to attract business from customers who want to build their own machines instead of buying whole packages. It also puts Cisco in direct competition with its suppliers, Intel Corp. and Broadcom Inc., which also make switch chips that the networking equipment maker uses in some of its products.“From today -- and this is something that some of you never thought we’d do -- some of our customers will buy our silicon and build their own products if that’s what they choose to do,” Chief Executive Officer Chuck Robbins said at the event. “We really want our customers to consume this technology in any way they want.”As the internet infrastructure business moves away from suppliers who provide all the needs through locked-down combinations of hardware and software, Robbins has been pushing Cisco to adapt by becoming a bigger supplier of networking services and software. On his watch, software has risen to provide about 11% of revenue. Hardware still generates more than half of sales.Cisco shares rose less than 1% to $44.24 at 2:02 p.m. in New York. The stock gained 1.8% this year through Tuesday’s close.The move into selling components is an attempt to win orders from the hyperscalers, such as Microsoft, Google and Amazon.com Inc.’s AWS, a group that has increasingly turned away from Cisco’s offerings and equipped their data centers with computers and networking gear designed in house. Those big cloud-computing vendors contribute as little as 2% of Cisco’s total sales, according to Raymond James analyst Simon Leopold.Switch chips perform the crucial function of deciding where packets of data should go in a network of computers. They are designed to handle that task at great speed, and only a few companies have been successful in the market. Broadcom is the biggest provider of this type of chip as an individual component and has as much as 80% share, Leopold said. Intel took a bigger interest in the market in June when it bought startup Barefoot Networks.Cisco’s new offering will combine the attributes of both switch and routing chips, the company said. It’ll be able to move data very quickly and still be programmable, carrying the ability to have its function changed. Routing, directing traffic among networks, is typically conducted by groups of chips that bring other attributes but are unable to direct data fast enough for modern internet traffic loads. One chip providing all of the functions will simplify the operation of networks by eliminating the need for different layers of software, Cisco executives said.Offering up what was previously guarded as a proprietary advantage shows a flexibility at Cisco that has been increasing as Robbins works to transform the company. Analysts predict the build-it-yourself approach to networking, pioneered by the large cloud-service operators, over time will be copied by companies looking to reduce the cost of their data-center spending. That corporate market is one of Cisco’s biggest sources of revenue.Cisco’s equipment, including its chips, is designed by the company and manufactured by a third party, which it hasn’t identified.The company also announced a new router machine at the event, designed to better serve as the backbone for new fifth generation, or 5G, cellular networks. The Cisco 8000 will be based on the new chip. The company also unveiled plans for products that will support faster data transmission speeds over fiber-optic cables. 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    We are less than a month away from the end of 2019, and that means we are less than a month away from the end of the 2010s decade.Looking back on it, the 2010s has been a spectacular decade for stocks. The S&P 500 roared 180% higher during the decade, and did so with relatively muted volatility (there were only three drops in the S&P 500 of 15% or more during the decade, and only one drop of 20%, which happened in late 2018). In other words, we were basically in a bull market for the entire decade. That's pretty rare.Also of note, this was the decade where tech stocks became market leaders. Long story short, technology started taking over the world in the early 2010s, and has continued to expand its reach across the global economy into the late 2010s. As this has happened, tech stocks earned the lion's share of revenue and profit growth during the decade, and consequently turned into the market's best performing stocks.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RYT) rose 315% during the decade -- a 135 point outperformance of the broader market. * 10 Best-Performing Growth Stocks of the 2010s Perhaps even more impressively, there were five S&P 500 tech stocks that roared higher by 1,000% or more during the decade. Will they keep rising into the 2020s?Let's answer that question, and more, by taking a deep look at the decade's five hottest tech stocks. Top Tech Stocks of the Decade: Netflix (NFLX)Source: Riccosta / Shutterstock.com Adjusted Closing Price Dec. 31, 2009: $7.87Adjusted Closing Price Dec. 9, 2019: $302.50Percent Return: 3,744%The top tech stock in the S&P 500 in the 2010s was streaming giant Netflix (NASDAQ:NFLX). In a nutshell, Netflix pioneered the era of streaming television in the early 2010s. Over the next several years, consumers started to realize both the financial and convenience benefits of streaming TV. As they did, they all subscribed to Netflix, which had become the best platform in the streaming TV world without much competition.Big subscription growth powered big revenue growth. Adding to that revenue growth, Netflix hiked prices throughout the decade without much churn. Those price hikes helped push profit margins higher. Big picture, then, Netflix leveraged secular streaming TV adoption tailwinds to power huge revenue and profit growth in the 2010s, the sum of which drove a near 4,000% gain in NFLX stock.Will the strong gains continue? I think so, but at a more tepid rate. Competition concerns surrounding Netflix are overstated. Netflix's unparalleled size and data gives it an enduring competitive advantage when it comes to producing original content. So long as it maintains that advantage, current subscriptions won't quit, and new subscribers will keep joining. Revenues, margins and profits will march higher. So will NFLX stock. Broadcom (AVGO)Source: Sasima / Shutterstock.com Adjusted Closing Price Dec. 31, 2009: $15.34Adjusted Closing Price Dec. 9, 2019: $314.38Percent Return: 1,949%The 2010s comprised a golden era for the semiconductor industry. That golden era ultimately turned one of the semiconductor industry's biggest companies -- Broadcom (NASDAQ:AVGO) -- into one of the market's best performing tech stocks of the decade.Long story short, technology took over the world in 2010. The internet spread everywhere. Smartphones became the norm. Smart devices -- like tablets, smartwatches and smart appliances -- started to gain mainstream traction. Enterprises became increasingly technology-oriented. Shopping went digital. Entertainment consumption went digital. The video game industry boomed.Because of all these trends, the semiconductor market soared throughout the 2010s. This created a rising tide which lifted pretty much every major semiconductor company. The biggest winner of them all? Broadcom. That's because, through a series of acquisitions, Broadcom's reach throughout the semiconductor industry expanded tremendously throughout the 2010s. Importantly, because the whole market was booming, all exposure was good exposure, so the more Broadcom expanded, the higher revenues, profits and the stock price went. * 7 Energy Stocks That Are Still Worth Buying In 2020 Will this "boom" repeat in the 2020s for AVGO stock? Yes. This whole "technology taking over the world" trend isn't going to slow in the 2020s. It will only accelerate, with self-driving vehicles, automation, artificial intelligence and 5G. Meanwhile, global trade tensions should improve into the 2020s. Broadcom likely won't extend its reach much further into this space, but even without the expansion tailwind, there is enough firepower here to keep AVGO stock on an upward path through the next decade. Amazon (AMZN)Source: alexfan32 / Shutterstock.com Adjusted Closing Price Dec. 31, 2009: $134.52Adjusted Closing Price Dec. 9, 2019: $1,749.51Percent Return: 1,201%The third top tech stock of the 2010s was e-commerce and cloud giant Amazon (NASDAQ:AMZN). Early in the decade, Amazon leveraged first-mover's advantage in the secular growth e-commerce market to go from a relative nobody in the retail world, to one of the world's largest retailers. Then, in the second part of the decade, Amazon focused on building out a huge cloud infrastructure business that has become the backbone of the global enterprise cloud. At the same time, Amazon started populating its ecosystem with ads, and has also turned into a huge digital advertising company.In other words, during the 2010s, Amazon became a leader in three very big, very quickly growing markets: e-commerce, cloud and digital ads. In so doing, the company sustained huge revenue growth throughout the decade. Importantly, the cloud and digital ad businesses operate at much higher margins than the e-commerce business. So, as cloud and digital ad revenues grew in the back-half of the 2010s, Amazon's profit margins meaningfully expanded, and that in turn powered huge profit growth. As those profits surged higher, so did AMZN stock.Can all this continue in the 2020s? Sure. But, I'd be careful. Amazon is losing its competitive advantages in the e-commerce and cloud worlds. That is, traditional retailers like Walmart (NYSE:WMT) and Target (NYSE:TGT) have caught up to Amazon in e-commerce, while Microsoft (NASDAQ:MSFT) appears to be rapidly chipping away at Amazon's lead in cloud infrastructure. So long as these competitive headwinds remain, Amazon stock may struggle for gains. Take-Two Interactive (TTWO)Source: Thomas Pajot / Shutterstock.com Adjusted Closing Price Dec. 31, 2009: $10.05Adjusted Closing Price Dec. 9, 2019: $120.06Percent Return: 1,095%Flying under the radar throughout the decade has been video game publisher Take-Two Interactive (NASDAQ:TTWO). The video game industry grew by leaps and bounds in the 2010s thanks to a few things. First, you had player growth as the market gained international traction. Second, you had engagement growth, as consumers spent more and more of their free time playing video games. Third, you had revenue growth, as video game publishers started to incorporate various in-game transactions. Fourth, you had addressable market expansion, as eSports became a thing and started to grow into its own.Take-Two was at the forefront of all that growth. It owns arguably the video game world's best content portfolio, which comprises some of the most-played video games in the world. At the same time, it has figured out how to seamlessly and efficiently incorporate microtransactions into those widely played video games. And, it has capitalized on the eSports trend by incorporating live competition modes into many of its titles.Consequently, Take-Two's revenues, profits and stock price all soared during the 2010s. The 2020s should be more of the same. Consumer video game engagement is only going up, thanks to global digitization trends. Meanwhile, eSports appears to be only scratching the surface of its long-term potential. Take-Two is at the epicenter of both of those growth markets. At the same time, Take-Two should get a big boost in the early 2020s from the advent of cloud gaming and the release of new-generation PlayStation and Xbox video game consoles. * 7 Entertainment Stocks to Buy to Escape Holiday Blues The company should sustain big growth over the next decade, and TTWO stock should rally alongside that big growth. Nvidia (NVDA)Source: michelmond / Shutterstock.com Adjusted Closing Price Dec. 31, 2009: $17.20Adjusted Closing Price Dec. 9, 2019: $212.17Percent Return: 1,133%During the 2010s, graphics processing unit maker Nvidia (NASDAQ:NVDA) went from being relative unknown in the tech space to the face of the world's next generation of technology products. That is, Nvidia is the maker of the chips which power various next-gen technologies, including self-driving cars, artificial intelligence, automation, connected devices and data centers. These chips had relatively small demand at the start of the decade. Exiting this decade, however, demand is huge and still growing at a rapid rate.This transition from relatively muted growth to big growth has driven huge gains in Nvidia's financials. Revenues have skyrocketed. Gross margins have improved with booming demand. Expense rates have dropped meaningfully with scale. Profits have roared higher on the back of big revenue growth and margin improvements. As those profits have roared higher, so has NVDA stock.The good news is that all of this will continue in the 2020s. Demand for Nvidia's GPUs isn't going to drop anytime soon. If anything, it'll pick up, as the world becomes more tech-centric and companies pour more money into automation, data and AI investments. Nvidia also has very little competition in this GPU space, so the likelihood that a competitor knocks it off course is very low. Revenues will therefore continue to grow at a steady pace. Profit margins will continue to improve with scale. Profits and NVDA stock will keep rising.As of this writing, Luke Lango was long NFLX, WMT and MSFT. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 10 Best-Performing Growth Stocks of the 2010s * 10 Stocks With Little or No Debt to Own for the Next 50 Years * 5 Restaurant Stocks Dominating Holiday Season Foot Traffic The post Top 5 Tech Stocks of the 2010s Decade appeared first on InvestorPlace.

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