Broadcom (AVGO) Slips Despite Better Than Expected Q3 Results, Outlook

Broadcom Limited (AVGO) PT Raised to $590 at Susquehanna

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

Broadcom Limited (AVGO) PT Raised to $600 at Rosenblatt

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

Broadcom (AVGO) Tops Q3 Estimates But Analysts Divided - Summit Downgrades to Hold While Credit Suisse Says Stock Undervalued

Shares of Broadcom (NASDAQ: AVGO) are up about 1% after the company delivered better-than-expected Q3 results.

Broadcom reported EPS of $6.96 to beat the analyst estimate of $6.85. Revenue for the quarter came in at $6.78 billion versus the consensus estimate of $6.74 billion.

"Broadcom delivered record revenues in the third quarter reflecting our product and technology leadership across multiple secular growth markets in cloud, 5G infrastructure, broadband, and wireless. We are projecting the momentum to continue in the fourth quarter, said Hock Tan, President and CEO of Broadcom.

Along these lines, AVGO projected Q4 sales... More

Broadcom (AVGO) Declares $3.60 Quarterly Dividend; 2.9% Yield

Broadcom (NASDAQ: AVGO) declared a quarterly dividend of $3.60 per share, or $14.4 annualized.

The dividend will be payable on September 30, 2021, to stockholders of record on September 22, 2021, with an ex-dividend date of September 21, 2021.

The annual yield on the dividend is 2.9 percent.

For a... More

Broadcom (AVGO) Tops Q3 EPS by 11c

Broadcom (NASDAQ: AVGO) reported Q3 EPS of $6.96, $0.11 better than the analyst estimate of $6.85. Revenue for the quarter came in at $6.78 billion versus the consensus estimate of $6.74 billion.

GUIDANCE:

Broadcom sees Q4 2021 revenue of ~$7.35 billion, versus the consensus of $7.23 billion.

For earnings history and earnings-related data on Broadcom (AVGO) click here.