Broadcom Inc, a prominent technology company, announced the accreditation of its Symantec Cloud Secure Web Gateway solution under the Federal Risk and Authorization Management Program (FedRAMP). This new FedRAMP Authorized Service, offered through Symantec Gov Cloud – Web Protection, provides a flexible deployment option for U.S. federal agencies looking to enhance their security measures. The Symantec Cloud SWG delivers comprehensive cloud-hosted security to federal agencies, particularly those transitioning to a Security Service Edge architecture. This solution allows agencies to transfer security services from traditional data centers to cloud-native services, without compromising on security or re-engineering workflows.
Robert Greervice, president and general manager of Broadcom’s Enterprise Security Group, emphasized the importance of Symantec’s security solutions in safeguarding federal agencies’ critical data and resources. With the FedRAMP Authorization, agencies can be reassured that their security needs are met as they transition to cloud services at their own pace. This achievement underscores Broadcom’s commitment to providing top-tier protection to federal agencies.
In a separate development, Broadcom’s stock performance has drawn attention, with some drawing parallels to the dotcom boom era. However, former CISCO CEO argues that the current landscape is different. Investors evaluating AVGO as a potential investment should consider various factors, including dividend payments, share repurchase programs, and recent news regarding the company’s financial moves. Broadcom currently pays a dividend that yields 1.85% annually, indicating a stable financial position. Additionally, checking for any ongoing buyback programs can provide insights into the company’s stock price support and demand. The latest price action for Broadcom stock shows a 3.54% decline to $1,738.69.沓
Overall, Broadcom’s accreditation under FedRAMP highlights its dedication to enhancing security measures for U.S. federal agencies. The company’s commitment to providing robust solutions, along with its solid financial standing, makes it an intriguing option for investors considering AVGO as a potential investment. With the dynamic tech landscape constantly evolving, staying informed about Broadcom’s latest developments is crucial for making well-informed investment decisions.
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https://www.benzinga.com/news/24/06/39417585/whats-going-on-with-broadcom-stock-thursday
