Broadcom (AVGO) Up 42.1% in 2024: Is it Worth Watching? [Yahoo! Finance]
Broadcom Inc. (AVGO)
Last broadcom inc. earnings: 3/12 04:15 pm
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investors.broadcom.com
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Source: Yahoo! Finance
Its stock has gone up this year mainly on AI-optimism. Over the last decade, Broadcom has expanded appreciably. In 2016, Singapore-based Avago Tech acquired Broadcom for $37 billion and took on the Broadcom brand name. Since 2018, the company has expanded by acquiring CA Technologies for $19 billion, Symantec's enterprise security business for $11 billion, and, more recently, VMware for $69 billion. Earlier this month, Broadcom reported second-quarter fiscal 2024 earnings of $10.96 per share, which beat the Zacks Consensus Estimate of $10.79 and increased 6.2% year over year. Net revenues jumped 43% year over year to $12.48 billion, surpassing the Zacks Consensus Estimate of $12.04 billion. AI turned out to be the biggest driver of revenues with AI-related revenues surging 280% year over year to $3.1 billion. Broadcom management currently considers this revenue one-fifth of its total business. Broadcom's stock has risen 42.1% compared with the Zacks Electronics - Semiconductors
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News
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- Should You Buy Broadcom Stock Hand Over Fist Before Its 10-for-1 Stock Split? [Yahoo! Finance]Yahoo! Finance
AVGO
Earnings
- 6/12/24 - Beat
AVGO
Sec Filings
- 6/27/24 - Form 144
- 6/27/24 - Form 4
- 6/25/24 - Form 4
- AVGO's page on the SEC website