Broadcom Inc. (AVGO) recently announced a ten-for-one stock split, set to take effect on July 15. This move aims to increase accessibility to Broadcom shares for investors and employees. The split does not change the company’s fundamental value but boosts trading activity and opens up opportunities for a wider investor base. In the second quarter … Read more
Broadcom Inc. (AVGO) recently announced a ten-for-one stock split alongside strong second-quarter results in 2024. This move is aimed at making ownership of Broadcom stock more accessible for investors and employees. The company’s revenue from AI products hit a record $3.1 billion during the quarter, contributing to its stellar performance. AVGO’s financial health remains solid, … Read more
Broadcom Inc. has seen a remarkable 100% increase in its stock price over the past year, reaching new heights with a 56% increase so far this year. The recent approval of its Symantec Cloud Secure Web Gateway solution by the Federal Risk and Authorization Management Program (FedRAMP) for use by US federal agencies has been … Read more
Semiconductor giant Broadcom is aggressively pursuing a share of the lucrative AI chip market, following Nvidia’s lead. With a strong focus on AI and chip research, the company aims to generate $11 billion in revenue from its AI connected chip business by fiscal 2024. Morningstar analysts and Wall Street share the view that Broadcom is … Read more
Broadcom Inc. has announced that three of Symantec’s core security solutions have completed evaluation by the Information Security Registered Assessor Program (IRAP) administered by the Australian Cyber Security Center (ACSC). The evaluation ensures that these solutions meet the highest security standards set by Australian government entities. Ransomware attacks are increasing, prompting organizations to seek solutions … Read more
Broadcom Inc. announced that its Symantec Cloud Secure Web Gateway solution has received the Federal Risk and Authorization Management Program authorization, expanding its portfolio of FedRAMP-authorized solutions for the US sector. The solution provides cloud-hosted security for federal agencies adopting a Security Service Edge architecture, allowing them to migrate security services from on-premises data centers … Read more
Broadcom is on track to surpass Eli Lilly as the eighth largest American company by market value, with Broadcom’s market value at $841.9 billion compared to Lilly’s $844 billion. Broadcom has seen significant growth during its current seven-day winning streak, adding $185 billion in market value, comparable to McDonald’s market value of $182 billion. The … Read more
Broadcom announced a 10-for-1 stock split, following Nvidia’s lead. Stock splits are gaining popularity to attract shareholders. Broadcom focuses on innovation and outsourcing chip designs. The company’s revenue split between infrastructure software and semiconductor solutions bodes well for its shareholders. In its latest earnings report, Broadcom exceeded EPS estimates and reported increased non-GAAP net income … Read more
Broadcom Inc. shares saw a significant increase on Monday afternoon following the release of the company’s second quarter financial results. The company exceeded expectations with an earnings per share of $10.96 and revenue of $12,487 million, surpassing estimates. Additionally, Broadcom announced a 10-for-1 forward stock split, making its shares more accessible to a wider range … Read more
Adobe and Broadcom recently reported their quarterly financial results, which seem to be positive indicators for the rest of the technology sector. Adobe, a software company known for products like Photoshop and Acrobat, reported better-than-expected earnings and revenue for the quarter. The company saw a 47% increase in revenue compared to the same period last … Read more