Analysts defend Broadcom as annual guidance falls short after FQ4 earnings beat
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December 11, 2023 10:52 AM EST
Citi analysts resumed coverage of Broadcom (NASDAQ: AVGO) with a Buy rating and $1,100 price target in a note Monday, stating that AI tailwinds offset the semiconductor downturn.
Cit also noted the strength in the company's core business, alongside accretion from the VMware... More
December 8, 2023 4:26 AM EST
Summit Insights analyst Kinngai Chan upgraded Broadcom Limited (NASDAQ: AVGO) from Hold to Buy.
For an analyst ratings summary and ratings history on Broadcom Limited click here. For more ratings news on Broadcom Limited click here.
Shares of Broadcom Limited closed at $922.26 yesterday.
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December 7, 2023 5:12 PM EST
By Arsheeya Bajwa and Chavi Mehta
(Reuters) -Chipmaker Broadcom forecast annual revenue below Wall Street estimates on Thursday, as weak enterprise spending and stiff competition cast a shadow on its acquisition of VMware.
Shares of San Jose, California-based Broadcom, which recently closed its acquisition of the cloud computing firm, fell more than 1% in extended trading.
In fiscal 2024, Broadcom expects revenue of about $50.0 billion including VMware's contribution. Analysts on average were expecting $52.50 billion, according to... More
December 7, 2023 4:36 PM EST
Broadcom (NASDAQ: AVGO) declared a quarterly dividend of $5.25 per share, or $21 annualized. This is a 14.1% increase from the prior dividend of $4.60.
The dividend will be payable on December 29, 2023, to stockholders of record on December 20, 2023, with an ex-dividend date of December 19,... More
