AVGO - Broadcom Inc.
| Previous Close | 327.80 |
| Open | 318.06 |
| Bid | 315.00 x 800 |
| Ask | 315.30 x 800 |
| Day's Range | 310.62 - 319.77 |
| 52 Week Range | 230.33 - 330.16 |
| Volume | 7098711 |
| Avg. Volume | 2,128,232 |
| Market Cap | 125B |
| Beta (5Y Monthly) | N/A |
| PE Ratio (TTM) | 49.05 |
| EPS (TTM) | 6.43 |
| Earnings Date | Dec 5, 2019 - Dec 10, 2019 |
| Forward Dividend & Yield | 10.60 (3.23%) |
| Ex-Dividend Date | 2019-09-20 |
| 1y Target Est | 326.44 |
- MarketWatch
Broadcom stock declines as wireless chip stance confuses some analysts
Broadcom Inc. shares slid Friday after half the analysts covering the chip maker raised their price targets but expressed concern about the company downplaying its wireless assets ahead of next year’s anticipated release of 5G technology.
- Barrons.com
Broadcom Stock Drops After Wall Street Is ‘Confused’ Over Its Strategy Shift
Wall Street analysts are surprised over (AVGO)’s new direction, putting less emphasis on its wireless-chip businesses. On Thursday, the technology company reported adjusted earnings per share of $5.39 for its fiscal fourth quarter, in line with the Wall Street consensus estimate, according to FactSet. Broadcom generated revenue of $5.78 billion for the same quarter, a touch above the average forecast of $5.77 billion among analysts.
- Barrons.com
Stocks Go Flat Even Though the U.S. and China Reached a Trade Deal
The three major U.S. stock market indexes fell, then rose, then dropped again as some details of an initial trade deal between the U.S. and China were unveiled in tumultuous fashion.
- Barrons.com
Synaptics Shares Spike on Speculation It Won Slot in New Apple iPhones
Susquehanna Financial Group analyst Christopher Rolland points out in a research note that (AVGO) (ticker: AVGO) disclosed Thursday in reporting fiscal fourth-quarter earnings that it lost “a mixed signal customer product” from its largest customer. Rolland said that while the comment could be a reference to wireless charging, it more likely involves the touch controller in the phone—and could be a win for Synaptics (SYNA), a San Jose, Calif., company that makes touchpads and similar components for phones and laptops. Apple never comments on its relationships with suppliers, and discourages its partners from commenting as well.
- GuruFocus.com
3 High-Yield Stocks Raise Dividends
Dividend updates for the long-term dividend investor Continue reading...
- Zacks
PulteGroup, Container Store, Oracle, Adobe and Broadcom highlighted as Zacks Bull and Bear of the Day
PulteGroup, Container Store, Oracle, Adobe and Broadcom highlighted as Zacks Bull and Bear of the Day
- Investor's Business Daily
Stock Market Recovers From Trump Tweet; Adobe Breaks Out, Broadcom Slides On Earnings
The major stock indexes were modestly higher in morning trade after taking an early hit from President Trump's latest tweet on the U.S.-China trade deal.
- Zacks
Broadcom (AVGO) Q4 Earnings & Revenues Surpass Estimates
Broadcom's (AVGO) fiscal fourth-quarter results reflect synergies from CA buyout amid slowdown in enterprise spending.
- Barrons.com
Broadcom Stock Is Slipping After the Chip Maker Met Earnings Forecasts. Here’s Why.
Broadcom stock is up slightly after the company posted better-than-expected sales Thursday afternoon and met earnings forecasts
- Investor's Business Daily
Dow Jones Futures Pare Gains Despite China Trade Deal Reports; Adobe Signals Breakout On Earnings
Dow Jones futures slashed gains after China trade deal buzz sent the stock market to record highs. Adobe signaled a breakout on earnings. Broadcom, Costco, Oracle moved on results too.
- MarketWatch
Broadcom outlook for 2020 gives hope for chip-earnings rebound, stock gains
Broadcom Inc. shares tick higher in the extended session Thursday after the chip maker’s outlook tops Wall Street estimates, and quarterly results are in-line.
- Investing.com
Stocks - Adobe, iHeartMedia, Barclays Up in Premarket; Broadcom Down
Investing.com -- Stocks in focus in premarket trade on Friday, 13th December.
- Investing.com
Top 5 Things to Know in the Market on Friday, 13th December
Investing.com -- China stays mum on the reported U.S. trade deal offer, as analysts see Beijing afraid of getting caught in a trap. The pound and U.K. stocks soar after a convincing election victory for Boris Johnson's Conservatives that paves the way for a formal withdrawal from the EU by the end of January at the latest. And Broadcom (NASDAQ:AVGO) promises a better year ahead after suffering from the U.S. ban on exports of sensitive components to Huawei. Here's what you need to know in financial markets on Friday, 13th December.
- Bloomberg
Broadcom Gives Upbeat Forecast; Order Losses Hit Shares
(Bloomberg) -- Broadcom Inc. gave an annual sales forecast that signaled optimism that the chip industry has weathered the worst of the China-U.S. trade war, but shares dropped after the company said some units are losing orders, raising concerns about overall growth.Sales in fiscal 2020, which ends next November, will be $25 billion, plus or minus $500 million, the company said Thursday in a statement. That projection includes revenue from its purchase of a Symantec Corp. unit, and was in line with or better than estimates from some analysts who had also factored in that new division’s contribution.On a conference call with analysts, executives said Broadcom lost business from a big smartphone customer in one product area and warned that Wi-Fi chip sales will decline next year. The stock, which had gained on the initial report, slipped more than 2% in extended trading following the detailed outlook.Chief Executive Officer Hock Tan has built the company into one of the biggest in the semiconductor business through a string of acquisitions, and is now expanding into software. That gives Broadcom one of the widest reaches in technology, with clients including Apple Inc. and Samsung Electronics Co. in smartphones and some of the top data-center operators for networking components. The evaporation of some business from one of those big phone makers will hold back revenue gains, and the company will tightly control its investment in wireless and industrial chips, Tan said on the call.Apple is one of Broadcom’s largest customers for smartphone components, and earlier this year the two companies struck a deal to supply Apple’s products with radio frequency, or RF, chips for the next two years. Broadcom has also long supplied Apple with Wi-Fi components. But a wireless-charging component used in Apple’s iPhone for a few years from Broadcom was replaced in newer models by a part from STMicroelectronics NV, according to breakdowns of the handset’s parts by iFixit and others. That may be the lost business Broadcom disclosed.The company is targeting total semiconductor sales of $18 billion in 2020, Chief Financial Officer Tom Krause said on the call. The company’s core business -- chips used in networking, broadband and storage systems -- will grow about 7% to around $12 billion, he said. Wi-Fi chip revenue will decline from a total of $2.2 billion and mixed-signal chip revenue will drop by half to less than $500 million, he projected. The company is predicting enterprise software sales will rise to about $7 billion. Symantec revenue will grow from a base of around $1.8 billion, he said.Sales in the fiscal fourth quarter of 2019, which ended Nov. 3, rose 6.1% to $5.78 billion, the San Jose, California-based company said. Before certain items, profit was $5.39 a share. That compares with average analyst estimates for per-share profit of $5.38 on sales of $5.73 billion, according to data compiled by Bloomberg.Broadcom’s market value has swelled to $130 billion following Tan’s spree of deals, including his purchase of Symantec’s enterprise security business for $10.7 billion last month. A big chunk of the company’s products are used in China or sent through factories there on the way to becoming part of electronic devices sold around the world. Huawei Technologies Co., a Chinese equipment maker that has been called a security threat and was cut off from U.S. suppliers by the Trump administration, previously spent hundreds of millions of dollars a year on Broadcom chips.Tan, who has been among the most vocal chip-industry leaders in calling out the impact of the trade dispute between the U.S. and China, trimmed Broadcom’s revenue forecast earlier this year, shaving $2 billion from his original projections, citing declining orders amid the trade dispute. That’s made Broadcom’s stock a laggard. Its 29% gain this year compares with a 56% advance by the Philadelphia Stock Exchange Semiconductor Index.(Updates with details of unit performance predictions starting in third paragraph.)\--With assistance from Mark Gurman.To contact the reporter on this story: Ian King in San Francisco at ianking@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Investor's Business Daily
Chipmaker Broadcom Tops Wall Street's Targets, Raises Dividend
Chipmaker and enterprise software firm Broadcom late Thursday beat Wall Street's targets for its fiscal fourth quarter. The Broadcom earnings report drove its stock lower in extended trades.
- Zacks
Broadcom Inc. (AVGO) Q4 Earnings and Revenues Beat Estimates
Broadcom Inc. (AVGO) delivered earnings and revenue surprises of 0.56% and 0.38%, respectively, for the quarter ended October 2019. Do the numbers hold clues to what lies ahead for the stock?
- Zacks
Tech Earnings Beat After Hours: ORCL, ADBE, AVGO
A burst of earnings report activity has hit the tape after Thursday's closing bell, with positive results from Oracle, Adobe and Broadcom.
- Reuters
Broadcom's full-year forecast fails to impress Wall Street, shares down
The outlook pointed to a weaker-than-expected wireless business, said Kinngai Chan, an analyst with Summit Insights Group. Broadcom, on a post-earnings call said that Symantec Corp's enterprise security unit, its latest $10.7 billion acquisition, is expected to contribute about $1.8 billion next year. The 2020 guidance was actually a little light on the Street as revenue from Symantec was expected to be about $2 billion, said Christopher Rolland, analyst with Susquehanna Financial Group.
- TheStreet.com
Broadcom's Guidance Is Stronger in Some Spots Than Others
Broadcom expects fiscal 2020 to be a good year for networking and RF chip sales. But it forecasts a major drop in its "mixed-signal custom" wireless chip sales to Apple.
- Zacks
Stocks Hit Records on China Trade Hope & Buy this Biotech Stock - Free Lunch
The latest U.S-China trade war news that includes a positive tweet from President Trump that helped lift stocks to new highs. A look at LULU's earnings. And why Vertex Pharmaceuticals (VRTX) is a Zacks Rank 1 (Strong Buy) stock right now...
- TheStreet.com
Broadcom Shares Rise After Chipmaker Posts Strong 2020 Guidance
Broadcom's quarterly revenue narrowly beat estimates and earnings per share met consensus. Guidance for 2020 beat analyst estimates.
- Investing.com
Broadcom Earnings, Revenue Beat in Q4
Investing.com - Broadcom (NASDAQ:AVGO) reported fourth quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
- Zacks
The Zacks Analyst Blog Highlights: Adobe, Broadcom and Oracle
The Zacks Analyst Blog Highlights: Adobe, Broadcom and Oracle
