Broadcom (AVGO) Tops Q4 EPS by 10c, Offers Q1 Guidance
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Broadcom (AVGO) Tops Q4 Earnings and Revenue Estimates, Prompting Analysts to Raise PTs
December 11, 2020 9:02 AM ESTBroadcom (NASDAQ: AVGO) reported higher-than-expected earnings for the fourth quarter ending November 01. The company posted adjusted EPS of $6.35 a share on revenue of $6.47 billion.
This is higher than the Street consensus of $6.25 a share on revenue of $6.43 billion. AVFO said that semiconductor sales grew 6% on an annual basis to $4.83 billion, while infrastructure software sales soared 36% to $1.64 billion.
We concluded the year with strong fourth quarter results driven by continued demand for networking from cloud and for broadband from service providers as well as the significant ramp in wireless, even as enterprise demand remained... More
Broadcom Limited (AVGO) PT Raised to $460 at Mizuho Securities
December 11, 2020 7:03 AM ESTMizuho Securities analyst Vijay Rakesh raised the price target on Broadcom Limited (NASDAQ: AVGO) to $460.00 (from $425.00) while maintaining a Buy rating.
The analyst commented, "AVGO reported a good OctQ and guided to a better JanQ at $6.6B (consensus $6.5B). AVGO noted OctQ... More
