Broadcom (AVGO) Stock Up 6% Following Q4 Beat, Raised Buyback
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Go back to Broadcom (AVGO) Stock Up 6% Following Q4 Beat, Raised Buyback
December 9, 2021 4:16 PM EST
SAN JOSE, Calif., Dec. 9, 2021 /PRNewswire/ --Â Broadcom Inc. (Nasdaq: AVGO), a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, today announced its Board of Directors has authorized the repurchase of up to $10 billion of its common stock under a new share repurchase program. The authorization is effective until December 31, 2022.
"The initiation of a new share repurchase program reflects the confidence of the Board of Directors in Broadcom's strong cash flow generation and provides us with a complementary tool to deliver value to our... More
December 9, 2021 4:15 PM EST
SAN JOSE, Calif., Dec. 9, 2021 /PRNewswire/ --Â Broadcom Inc. (Nasdaq: AVGO), a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, today reported financial results for its fourth quarter and fiscal year 2021, ended October 31, 2021, provided guidance for the first quarter of its fiscal year 2022 and announced its quarterly dividends.
"Broadcom concluded the year with record fourth quarter results driven by a rebound in enterprise, and continued strength from cloud and service provider demand. Our infrastructure software growth continues to be steady with our focus on... More
