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 10, 2021 9:50 AM EST
Broadcom (NASDAQ: AVGO) is trading up 9% following strong earnings, guidance, and buyback news.
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December 10, 2021 8:56 AM EST
Jefferies analyst Mark Lipacis raised the price target on Broadcom Limited (NASDAQ: AVGO) to $720.00 (from $590.00) while maintaining a Buy rating.
The analyst commented, "AVGO beat and raised on 17% YY growth in Semis and guided Jan-22Q Networking and Storage Revs up 30% YY.... More
December 10, 2021 8:47 AM EST
BMO Capital analyst Ambrish Srivastava raised the price target on Broadcom Limited (NASDAQ: AVGO) to $675.00 (from $625.00) while maintaining an Outperform rating.
The analyst commented, "Our bigger takeaway from the call was Broadcom following up on its commitment to shareholder return. It... More
December 9, 2021 4:21 PM EST
(Reuters) -Semiconductor firm Broadcom Inc forecast first-quarter revenue above Wall Street expectations and announced a $10 billion share buyback plan on Thursday, banking on a rebound in enterprise spending and sustained demand from cloud computing companies.
Shares of the company rose 6.6% to $622 in extended trading.
Analysts have pointed to strong near-term demand for Broadcom's radio frequency and wireless chips as telecom firms spend more to roll... More
December 9, 2021 4:17 PM EST
Broadcom (NASDAQ: AVGO) reported Q4 EPS of $7.81, $0.40 better than the analyst estimate of $7.41. Revenue for the quarter came in at $7.6 billion, may not compare versus the consensus estimate of $7.36 billion.
GUIDANCE:
Broadcom sees Q1 2022 revenue of $7.6 billion, versus the consensus of $7.25... More
December 9, 2021 4:16 PM EST
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... More
