Broadcom Inc Stock Price, News & Analysis

Broadcom Inc. (NASDAQ: AVGO) has demonstrated its 400G PAM-4 DSP PHY with integrated TIA and high-swing laser driver, achieving sub-7W power consumption for DR4 modules. This BCM87412 module, built on a 112G PAM-4 DSP platform, enhances energy efficiency compared to the industry standard of 9W, positioning Broadcom as a leader in the transition to 400G Ethernet. The technology was showcased during OFC 2022, highlighting Broadcom's role in advancing data center solutions.

Broadcom Inc. (AVGO) reported record first-quarter fiscal 2022 results with a 16% revenue growth to $7.7 billion and a 23% increase in operating profit. Net income rose to $2.5 billion, translating to earnings per share of $5.59. Strong enterprise demand and investments in next-gen technology drove performance. The company generated $3.4 billion in free cash flow and returned $4.5 billion to shareholders via dividends and share repurchases. Looking ahead, revenue guidance for Q2 is approximately $7.9 billion, indicating continued growth.

Broadcom has announced its PCIe Gen 5.0 portfolio, aimed at enhancing data center performance with double the speed of PCIe 4.0. This new technology is particularly beneficial for applications requiring high performance and low latency, such as AI and cloud computing. The portfolio includes products with low power consumption and high lane counts, featuring the PEX89000 switch series that offers improved power efficiency and new security features. Broadcom emphasizes its commitment to interoperability, having distributed evaluation boards to major industry players for testing.

Broadcom Inc. (NASDAQ: AVGO) introduced the Brocade G730, a 64G Fibre Channel switch platform designed for autonomous SAN management. This new technology integrates advanced security and optimizes data center operations against cybersecurity threats. The system features enhanced autonomous capabilities, transforming vast telemetry data into actionable insights, ensuring reliability and performance. The G730 provides 128 ports in a compact design, enabling increased scalability while maintaining low latency. The optical transceiver doubles port density, marking a significant advancement in Fibre Channel technology.

Broadcom Inc. (NASDAQ: AVGO) will announce its first quarter fiscal year 2022 financial results on March 3, 2022, after market close. The management will host a conference call at 2:00 PM PT to discuss the results and provide a business outlook. Investors can preregister for the call or listen via the company’s website. Broadcom is a leader in semiconductor and infrastructure software solutions, catering to critical markets including data center and enterprise software.

Broadcom Inc. (Nasdaq: AVGO) announced a new share repurchase program authorized by its Board of Directors to buy back up to $10 billion of its common stock. This program, effective until December 31, 2022, is a testament to the Board's confidence in the company’s strong cash flow generation.

The repurchases may occur through various means, with the timing and amounts depending on market conditions and other factors. There is no obligation for Broadcom to repurchase a specific amount, and the program could be suspended or terminated at any time.

Broadcom Inc. (Nasdaq: AVGO) reported strong Q4 and fiscal year 2021 results, with net revenue reaching $7.4 billion, a 15% year-over-year increase, and a record adjusted EBITDA margin of 60%. For FY 2021, net revenue was $27.5 billion, driven by semiconductor solution sales of $20.4 billion. CEO Hock Tan highlighted robust demand in enterprise and cloud markets. The company announced a 14% increase in its quarterly dividend to $4.10 and initiated a $10 billion share repurchase program. Q1 FY 2022 revenue guidance is approximately $7.6 billion.

Broadcom Inc. (NASDAQ: AVGO) announced its intent to acquire AppNeta Inc., a Boston-based SaaS network performance monitoring provider. This acquisition aims to enhance Broadcom's DX NetOps solutions by providing enhanced visibility into digital experiences across various network environments. AppNeta's innovative tools will enable IT teams to monitor end-user experiences and quickly address performance issues affecting cloud applications. The move is timely, given the increasing reliance on SaaS and hybrid cloud solutions by enterprises. Financial terms of the transaction were not disclosed.

On November 9, 2021, Broadcom Inc. (AVGO) hosted its Software Investor Day, showcasing its infrastructure and security software solutions. President Tom Krause emphasized a commitment to a strong enterprise software business, targeting a $100 billion addressable market. The company reported approximately $5.2 billion in annual recurring revenue, with over half from subscriptions. Broadcom serves around 80% of the Fortune 500, focusing on strategic partnerships that drive over 70% of its recurring revenue. The firm highlighted its successful integration of acquired companies within its portfolio.