Form 8-K Broadcom Inc. For: Sep 02
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Go back to Form 8-K Broadcom Inc. For: Sep 02
September 3, 2021 8:40 AM EDT
Susquehanna analyst Christopher Rolland raised the price target on Broadcom Limited (NASDAQ: AVGO) to $590.00 (from $580.00) while maintaining a Positive rating.
The analyst commented, "On Thursday, September 2, Broadcom posted in-line results, but slightly better guidance driven by a foreseen reacceleration of enterprise. In Networking, strong results were underscored by routing from service providers (SP) in the expansion of 5G backhaul. Broadcom also highlighted share gains for Ethernet NICs within cloud. Looking ahead, cloud and SP revenues... More
September 3, 2021 7:26 AM EDT
Rosenblatt analyst Hans Mosesmann raised the price target on Broadcom Limited (NASDAQ: AVGO) to $600.00 (from $550.00) while maintaining a Buy rating following earnings.
The analyst commented, "Once again, Broadcom delivered a solid beat driven by broad based infrastructure silicon (in particular, networking and broadband), and enterprise software. The outlook for F4Q... More
September 2, 2021 4:50 PM EDT
Broadcom (NASDAQ: AVGO) delivered better-than-expected Q3 results, with EPS of $6.96, beating the consensus estimate of $6.85, and 16% year-over-year growth in revenue to $6.78 billion, slightly above the consensus estimate of $6.74 billion.
According to Hock Tan, the President and CEO of the company, the... More
