Broadcom Inc Stock Price, News & Analysis

Broadcom Inc. (NASDAQ: AVGO), a leader in semiconductor and software solutions, will report its fourth quarter and fiscal year 2022 financial results on December 8, 2022, after market close. A conference call will take place at 2:00 PM PT to discuss the results and future outlook. Interested investors can preregister for the call or listen live through Broadcom's website. An audio replay will be available for one year post-event. For more information, contact investor relations.

Broadcom's ValueOps Software has received FedRAMP authorization, enhancing the company's position in the federal cloud services market. This approval, effective September 26, 2022, enables federal agencies to utilize Broadcom's secure cloud technologies, including Rally Software, promoting modern IT infrastructure while safeguarding federal information. The ValueOps platform integrates Clarity’s planning features with Rally’s agile management, supporting budget planning and reporting. Broadcom aims to facilitate digital transformation for government clients by aligning strategic initiatives with execution.

Broadcom (NASDAQ: AVGO) showcases industry-first solutions for AI/ML workloads at the 2022 OCP Global Summit in San Jose. The company emphasizes its commitment to open computing, unveiling an open end-to-end networking solution optimized for Remote Direct Memory Access (RDMA) over converged Ethernet (RoCE). Broadcom's Tomahawk 5 Ethernet switch enhances AI/ML workload virtualization, while the firm showcases various technologies including Ethernet switches, PCIe switches, and storage solutions, reinforcing its leadership in the data center market.

Broadcom Inc. (NASDAQ: AVGO) has expanded its storage connectivity solutions, enhancing performance and capabilities for hyperscale data centers amid growing demand for video content. The updated portfolio includes advanced products like the 51TB Ethernet Switch Tomahawk 5 and 200G Ethernet RDMA NICs, designed to provide better power efficiency and latency. These innovations aim to support data centers managing large-scale video storage, focusing on security and interoperability, thus positioning Broadcom as a leader in the video storage connectivity market.

Broadcom has launched the first open end-to-end networking solution optimized for Remote Direct Memory Access (RDMA) over Converged Ethernet. This collaboration with Arista enables hyperscaler and enterprise data center operators to achieve ultra-low latency in their networks. The new solution combines Broadcom's Ethernet NIC and switch technology, demonstrating improvements in congestion control and bandwidth. Comprehensive documentation is also provided to assist customers in deployment and management, marking a significant evolution in the RoCE ecosystem.

Broadcom Inc. (NASDAQ: AVGO) announced that its 8.00% Mandatory Convertible Preferred Stock, Series A, will automatically convert to shares of Common Stock on September 30, 2022. The adjusted Minimum Conversion Rate is 3.1149 shares per Preferred Stock, while the Maximum Conversion Rate is 3.6407 shares. Additionally, holders of record will receive a final quarterly cash dividend of $20.00 per share on the Preferred Stock on the same date. This conversion is in accordance with the Certificate of Designations dated September 30, 2019.

Broadcom Inc. (NASDAQ:AVGO) has announced the launch of its Trident 4C Ethernet switch ASIC, achieving 12.8 terabits per second with the capability of real-time flow anomaly detection. This innovative technology replaces traditional statistical sampling, ensuring 100% traffic inspection, which is critical for enhancing cybersecurity. The Trident 4C features an advanced analytics engine, capable of conducting 170 billion operations per second, without compromising switch performance. Broadcom is already shipping devices to qualified customers, marking a significant step in high-capacity network security solutions.

Broadcom reported a strong third quarter for FY22, with revenue of $8.464 billion, up 25% year-over-year, and GAAP net income of $3.074 billion, translating to a GAAP diluted EPS of $7.15. The company generated $4.424 billion in cash from operations, resulting in free cash flow of $4.308 billion, or 51% of revenue. Going forward, Broadcom expects fourth quarter revenue of approximately $8.9 billion, a 20% increase from last year. The Board declared a quarterly dividend of $4.10 per share.

Broadcom has announced a strategic partnership with Tencent to introduce the industry's first 25.6-Tbps CPO switch, enhancing high bandwidth solutions for cloud infrastructure. The switch integrates Broadcom's advanced Tomahawk 4 chip and four 3.2-Tbps optical engines, promising over 50% power savings compared to traditional options. The product will be showcased at the upcoming China International Optoelectronic Exposition from September 7-9. This collaboration aims to address increasing demands for bandwidth in AI, ML, and HPC applications while improving power efficiency.