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

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

Broadcom Inc. Announces Third Quarter Fiscal Year 2021 Financial Results and Quarterly Dividends

September 2, 2021 4:15 PM EDT

SAN JOSE, Calif., Sept. 2, 2021 /PRNewswire/ -- Broadcom Inc. (Nasdaq: AVGO), a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, today reported financial results for its third quarter of fiscal year 2021, ended August 1, 2021, provided guidance for the fourth quarter of its fiscal year 2021 and announced its quarterly dividends.

"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," said Hock Tan, President and CEO of Broadcom Inc. "We are... More