Broadcom Inc. designs, develops, and supplies semiconductor infrastructure software solutions. It offers semiconductor devices with a focus on complex digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products worldwide. The company's infrastructure software solutions enable customers to plan, develop, automate, manage, and secure applications across mainframe, distributed, mobile, and cloud platforms. It operates through two segments, Semiconductor Solutions and Infrastructure Software. The company was incorporated in 2018 and is based in San Jose, California.
IPO Year: 2009
Exchange: NASDAQ
Website: broadcom.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
12/13/2024 | $210.00 → $240.00 | Buy | TD Cowen |
10/14/2024 | $190.00 → $220.00 | Outperform | Mizuho |
9/18/2024 | Outperform | William Blair | |
7/16/2024 | $175.00 → $210.00 | Buy | TD Cowen |
7/11/2024 | $1650.00 → $2400.00 | Buy | Rosenblatt |
6/11/2024 | $1560.00 | Buy | Citigroup |
6/3/2024 | $1850.00 | Buy | Melius |
5/13/2024 | $1616.00 → $1550.00 | Buy | Jefferies |
4/17/2024 | $1405.00 → $1500.00 | Overweight | Barclays |
4/16/2024 | $1620.00 | Outperform | Evercore ISI |
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4 - Broadcom Inc. (0001730168) (Issuer)
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4 - Broadcom Inc. (0001730168) (Issuer)
4 - Broadcom Inc. (0001730168) (Issuer)
4 - Broadcom Inc. (0001730168) (Issuer)
PALO ALTO, Calif., Jan. 15, 2025 (GLOBE NEWSWIRE) -- Broadcom Inc. (NASDAQ:AVGO), today announced the availability of the Brocade G710 24-port 64G switch, the industry's most responsive and efficient top-of-rack SAN switch. Brocade Gen 7 Fibre Channel combines cyber-resilient and autonomous SAN technology into this cost-effective platform that seamlessly integrates into rack-based storage solutions. The Brocade G710 switch extends the industry's most complete and extensive 64G SAN portfolio that includes fixed port switches, modular directors, extension switches and management software. It reflects Broadcom's commitment, innovation and leadership in Fibre Channel technology. P
Revenue of $14,054 million for the fourth quarter, up 51 percent from the prior year periodGAAP net income of $4,324 million for the fourth quarter; Non-GAAP net income of $6,965 million for the fourth quarterAdjusted EBITDA of $9,089 million for the fourth quarter, or 65 percent of revenueGAAP diluted EPS of $0.90 for the fourth quarter; Non-GAAP diluted EPS of $1.42 for the fourth quarterCash from operations of $5,604 million for the fourth quarter, less capital expenditures of $122 million, resulted in $5,482 million of free cash flow, or 39 percent of revenueQuarterly common stock dividend increased by 11 percent from the prior quarter to $0.59 per shareFirst quarter fiscal year 2025 rev
PALO ALTO, Calif., Dec. 10, 2024 (GLOBE NEWSWIRE) -- Broadcom Inc. (NASDAQ:AVGO) announced today the introduction of Bitnami Premium, a commercial enterprise version of Bitnami by VMware Tanzu. The company also named Arrow Electronics, a leading technology solutions and services company, as a global distributor of Bitnami Premium. Bitnami is a free catalog of open source software packages. Used by millions of developers on all major cloud environments, Bitnami lets developers easily access the latest open source innovation in their preferred and approved format, whether its virtual machines, containers or Helm charts. Meanwhile, platform engineering and security teams can feel confi
PALO ALTO, Calif., Dec. 05, 2024 (GLOBE NEWSWIRE) -- Broadcom Inc. (NASDAQ:AVGO) today announced the availability of its 3.5D eXtreme Dimension System in Package (XDSiP™) platform technology, enabling consumer AI customers to develop next-generation custom accelerators (XPUs). The 3.5D XDSiP integrates more than 6000 mm2 of silicon and up to 12 high bandwidth memory (HBM) stacks in one packaged device to enable high-efficiency, low-power computing for AI at scale. Broadcom has achieved a significant milestone by developing and launching the industry's first Face-to-Face (F2F) 3.5D XPU. The immense computational power required for training generative AI models relies on massive clusters of
PALO ALTO, Calif., Nov. 12, 2024 /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 fourth quarter and fiscal year 2024 financial results and business outlook on Thursday, December 12, 2024 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. Date: Thursday, December 12, 2024 Time: 2:00 PM (PT); 5:00 PM (ET) Listen via Internet: The conference call can be accessed live online in the Investors section of the Broadcom website at https:
BARCELONA, Spain, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Adoption of artificial intelligence, national digital sovereignty, and maintaining cyber resilience in times of uncertainty are paramount to today's digital-first organization. Broadcom Inc. (NASDAQ:AVGO) is helping customers address these critical business outcomes through a private cloud platform, VMware Cloud Foundation, that is simple to deploy, easy to consume, and lowers cost and risk. At VMware Explore 2024 Barcelona this week, the company is furthering this mission by announcing an expanded set of VMware Cloud Foundation (VCF) Advanced Services innovations, ecosystem partnerships, and modernization programs that can accelerate gen
BARCELONA, Spain, Nov. 05, 2024 (GLOBE NEWSWIRE) -- To accelerate enterprises' readiness to further connect and support AI and non-AI workloads, Broadcom Inc. (NASDAQ:AVGO) today announced major advancements across its VeloCloud product portfolio as well as a new partner program. This includes: The launch of the VeloRAIN (Robust AI Networking) architecture that uses AI/ML to improve the performance and security of distributed AI workloads.Unveiling the new VeloCloud Edge 4100 and 5100 appliances—high end AI-Ready edge appliances that scale to 100Gbps for large enterprises and complex use cases.The introduction of Titan, the Broadcom Advantage Partner Program for VeloCloud Managed Service
PALO ALTO, Calif. and SOLNA, Sweden, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Broadcom Inc. (NASDAQ:AVGO) and Telia Company (STO: TELIA) today announced the expansion of their longtime partnership with a new multi-year agreement, which will see Telia further modernize and transform its telco and cloud infrastructure with the VMware product portfolio. Telia, a Nordic and Baltic telecommunications leader and Nordic media house, will continue its network and IT cloud journey with both VMware Telco Cloud Platform and VMware Cloud Foundation as the basis of its modern cloud platform. Telia is expanding its deployment of VMware Telco Cloud Platform and its cloud-native architecture to further progre
Issued on behalf of Avant Technologies Inc. USA News Group VANCOUVER, BC, Oct. 23, 2024 /PRNewswire/ -- In the last few years, the market has witnessed a data-driven revolution, rapidly sparked by data-intensive applications like artificial intelligence. However, with the skyrocketing demand for data center capacity, so too is the strain on the electrical grid and a major hurdle slowing sustainability efforts. According to the World Economic Forum, data volumes are soaring, and the ICT sector needs to move to sustainably handle the surge. Behind the scenes are several developers working diligently to smooth out the transition into an AI-powered world, including new developments from Avant Te
PALO ALTO, Calif., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Broadcom Inc. (NASDAQ:AVGO), which recently acquired VMware, is hosting VMware Explore 2024 Barcelona November 4-7 at the Fira Gran Via, featuring a variety of breakout sessions, certification training, and labs spanning relevant technology and industry topics. On Tuesday, November 5, 2024, at 9:00 a.m. CET, Broadcom President and CEO Hock Tan will address VMware Explore attendees during the general session keynote titled "Shaping the Future of Cloud and AI Innovation." The general session will feature Broadcom leaders, VMware experts, and European customers showcasing advancements in private cloud, generative AI, app delivery, and the
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TD Cowen reiterated coverage of Broadcom with a rating of Buy and set a new price target of $240.00 from $210.00 previously
Mizuho reiterated coverage of Broadcom with a rating of Outperform and set a new price target of $220.00 from $190.00 previously
William Blair initiated coverage of Broadcom with a rating of Outperform
TD Cowen reiterated coverage of Broadcom with a rating of Buy and set a new price target of $210.00 from $175.00 previously
Rosenblatt reiterated coverage of Broadcom with a rating of Buy and set a new price target of $2,400.00 from $1,650.00 previously
Citigroup reiterated coverage of Broadcom with a rating of Buy and set a new price target of $1,560.00
Melius initiated coverage of Broadcom with a rating of Buy and set a new price target of $1,850.00
Jefferies initiated coverage of Broadcom with a rating of Buy and set a new price target of $1,550.00 from $1,616.00 previously
Barclays reiterated coverage of Broadcom with a rating of Overweight and set a new price target of $1,500.00 from $1,405.00 previously
Evercore ISI initiated coverage of Broadcom with a rating of Outperform and set a new price target of $1,620.00
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Revenue of $14,054 million for the fourth quarter, up 51 percent from the prior year periodGAAP net income of $4,324 million for the fourth quarter; Non-GAAP net income of $6,965 million for the fourth quarterAdjusted EBITDA of $9,089 million for the fourth quarter, or 65 percent of revenueGAAP diluted EPS of $0.90 for the fourth quarter; Non-GAAP diluted EPS of $1.42 for the fourth quarterCash from operations of $5,604 million for the fourth quarter, less capital expenditures of $122 million, resulted in $5,482 million of free cash flow, or 39 percent of revenueQuarterly common stock dividend increased by 11 percent from the prior quarter to $0.59 per shareFirst quarter fiscal year 2025 rev
PALO ALTO, Calif., Nov. 12, 2024 /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 fourth quarter and fiscal year 2024 financial results and business outlook on Thursday, December 12, 2024 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. Date: Thursday, December 12, 2024 Time: 2:00 PM (PT); 5:00 PM (ET) Listen via Internet: The conference call can be accessed live online in the Investors section of the Broadcom website at https:
Revenue of $13,072 million for the third quarter, up 47 percent from the prior year periodGAAP net loss of $1,875 million for the third quarter (1); Non-GAAP net income of $6,120 million for the third quarterAdjusted EBITDA of $8,223 million for the third quarter, or 63 percent of revenueGAAP diluted loss per share of $0.40 for the third quarter; Non-GAAP diluted EPS of $1.24 for the third quarterCash from operations of $4,963 million for the third quarter, less capital expenditures of $172 million, resulted in $4,791 million of free cash flow, or 37 percent of revenueQuarterly common stock dividend of $0.53 per shareFourth quarter fiscal year 2024 revenue guidance of approximately $14.0 bil
PALO ALTO, Calif., Aug. 5, 2024 /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 third quarter fiscal year 2024 financial results and business outlook on Thursday, September 5, 2024 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. Date: Thursday, September 5, 2024 Time: 2:00 PM (PT); 5:00 PM (ET) To Listen via Telephone: Preregistration is required by the conference call operator. Please preregister at https://register.vevent.c
Revenue of $12,487 million for the second quarter, up 43 percent from the prior year periodGAAP net income of $2,121 million for the second quarter; Non-GAAP net income of $5,394 million for the second quarterAdjusted EBITDA of $7,429 million for the second quarter, or 59 percent of revenueGAAP diluted EPS of $4.42 for the second quarter; Non-GAAP diluted EPS of $10.96 for the second quarterCash from operations of $4,580 million for the second quarter, less capital expenditures of $132 million, resulted in $4,448 million of free cash flow, or 36 percent of revenueQuarterly common stock dividend of $5.25 per shareFiscal 2024 annual revenue guidance of approximately $51.0 billion including con
PALO ALTO, Calif., May 6, 2024 /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 second quarter fiscal year 2024 financial results and business outlook on Wednesday, June 12, 2024 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. Date: Wednesday, June 12, 2024 Time: 2:00 PM (PT); 5:00 PM (ET) To Listen via Telephone: Preregistration is required by the conference call operator. Please preregister at https://register.vevent.com/reg
Revenue of $11,961 million for the first quarter, up 34 percent from the prior year periodCash from operations of $4,815 million for the first quarter, less capital expenditures of $122 million, resulted in $4,693 million of free cash flow, or 39 percent of revenueGAAP net income of $1,325 million for the first quarter; Non-GAAP net income of $5,254 million for the first quarterAdjusted EBITDA of $7,156 million for the first quarter, or 60 percent of revenueGAAP diluted EPS of $2.84 for the first quarter; Non-GAAP diluted EPS of $10.99 for the first quarterQuarterly common stock dividend of $5.25 per shareRepurchased and eliminated 7.7 million shares for $8,290 millionFiscal 2024 annual reve
PALO ALTO, Calif., Feb. 16, 2024 /PRNewswire/ -- Broadcom Inc. (NASDAQ:AVGO), a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, announced it will report its first quarter fiscal year 2024 financial results and business outlook on Thursday, March 7, 2024 after the close of the market. Broadcom's management will host a conference call starting at 2:15 p.m. Pacific Time on the same day to discuss these results and business outlook, instead of at 2:00 p.m. Pacific Time as previously announced. Date: Thursday, March 7, 2024 Time: 2:15 PM (PT); 5:15 PM (ET) To Listen via Telephone: Preregistration is required by the conference cal
PALO ALTO, Calif., Feb. 7, 2024 /PRNewswire/ -- Broadcom Inc. (NASDAQ:AVGO), a Delaware corporation headquartered in Palo Alto, CA, and a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, today announced it will report its first quarter fiscal year 2024 financial results and business outlook on Thursday, March 7, 2024 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. Date: Thursday, March 7, 2024 Time: 2:00 PM (PT); 5:00 PM (ET) To Listen via Telephone: Preregistration is required by the conference call operat
Revenue of $9,295 million for the fourth quarter, up 4 percent from the prior year periodCash from operations of $4,828 million for the fourth quarter, less capital expenditures of $105 million, resulted in $4,723 million of free cash flow, or 51 percent of revenueQuarterly common stock dividend increased by 14 percent from the prior quarter to $5.25Adjusted EBITDA of $6,048 million for the fourth quarter, or 65 percent of revenueNon-GAAP diluted EPS of $11.06 for the fourth quarter; GAAP diluted EPS of $8.25 for the fourth quarterFiscal 2024 annual revenue guidance of approximately $50.0 billion including contribution from VMware, an increase of 40 percent from the prior year periodFiscal 2
USA News Group Commentary Issued on behalf of Scope AI Corp. VANCOUVER, BC, Aug. 20, 2024 /PRNewswire/ -- USA News Group – The race to dominate the artificial intelligence (AI) space continues to heat up, with Goldman Sachs recently asking the question "Will the $1 trillion of generative AI investment pay off?". According to Goldman Sachs Asset Management portfolio managers, their confidence continues to increase that this technology cycle is indeed real. It's a global phenomenon, with Brazil recently proposing a $4 billion AI investment plan of its own. Big tech is banking on this AI boom as infrastructure spending indeed nears the $1-trillion mark. However, it's not just the silicon valley
SAN JOSE, Calif., Nov. 30, 2023 (GLOBE NEWSWIRE) -- In a world's first for switching silicon, Broadcom Inc. (NASDAQ:AVGO) today announced a novel on-chip, neural-network inference engine called NetGNT (Networking General-purpose Neural-network Traffic-analyzer) in its new, software-programmable Trident 5-X12 chip. NetGNT works in parallel to augment the standard packet-processing pipeline. The standard pipeline is one-packet/one-path, meaning that it looks at one packet as it takes a specific path through the chip's ports and buffers. NetGNT, in contrast, is an ML inference engine and can be trained to look for different types of traffic patterns that span the entire chip. For exampl
Littelfuse, Inc. (NASDAQ:LFUS), a diversified, industrial technology manufacturing company empowering a sustainable, connected, and safer world, announced today the appointment of Gayla Delly to the company's board of directors, effective September 28, 2023. Delly was also appointed to the Audit Committee. "Gayla brings a wealth of experience as both a public company executive and seasoned board member," said Gordon Hunter, Littelfuse Chairman of the Board of Directors. "Her board leadership and broad management experience across companies operating in a diverse set of end markets make her a terrific addition to the Littelfuse board, as we continue to execute our company's growth strategy
Romeo Power, Inc. ("Romeo Power") (NYSE:RMO), an energy technology leader delivering advanced electrification solutions for complex commercial vehicle applications, today announced the appointment of Matthew Sant to the role of General Counsel. Mr. Sant is a seasoned in-house legal executive and lawyer who brings to Romeo Power extensive experience at the intersections of technology, business and legal issues. Prior to joining Romeo Power, Mr. Sant served as Vice President and Deputy General Counsel at Skyworks Solutions, Inc. (NASDAQ:SWKS), a manufacturer of analog semiconductors for wireless communications. At Skyworks, Matt was responsible for a broad portfolio of legal matters, includi