Broadcom Inc Stock Price, News & Analysis

Broadcom Inc. (Nasdaq: AVGO) announced a new share repurchase program authorized by its Board of Directors to buy back up to $10 billion of its common stock. This program, effective until December 31, 2022, is a testament to the Board's confidence in the company’s strong cash flow generation.

The repurchases may occur through various means, with the timing and amounts depending on market conditions and other factors. There is no obligation for Broadcom to repurchase a specific amount, and the program could be suspended or terminated at any time.

Broadcom Inc. (Nasdaq: AVGO) reported strong Q4 and fiscal year 2021 results, with net revenue reaching $7.4 billion, a 15% year-over-year increase, and a record adjusted EBITDA margin of 60%. For FY 2021, net revenue was $27.5 billion, driven by semiconductor solution sales of $20.4 billion. CEO Hock Tan highlighted robust demand in enterprise and cloud markets. The company announced a 14% increase in its quarterly dividend to $4.10 and initiated a $10 billion share repurchase program. Q1 FY 2022 revenue guidance is approximately $7.6 billion.

Broadcom Inc. (NASDAQ: AVGO) announced its intent to acquire AppNeta Inc., a Boston-based SaaS network performance monitoring provider. This acquisition aims to enhance Broadcom's DX NetOps solutions by providing enhanced visibility into digital experiences across various network environments. AppNeta's innovative tools will enable IT teams to monitor end-user experiences and quickly address performance issues affecting cloud applications. The move is timely, given the increasing reliance on SaaS and hybrid cloud solutions by enterprises. Financial terms of the transaction were not disclosed.

On November 9, 2021, Broadcom Inc. (AVGO) hosted its Software Investor Day, showcasing its infrastructure and security software solutions. President Tom Krause emphasized a commitment to a strong enterprise software business, targeting a $100 billion addressable market. The company reported approximately $5.2 billion in annual recurring revenue, with over half from subscriptions. Broadcom serves around 80% of the Fortune 500, focusing on strategic partnerships that drive over 70% of its recurring revenue. The firm highlighted its successful integration of acquired companies within its portfolio.

Broadcom Inc. (NASDAQ: AVGO) has announced the deployment of its Tomahawk4 series switch in Meta's Minipack2 platform, marking a significant advancement in data center networking. This 25.6 Tbps Ethernet switch is now shipping in high volume, showcasing the industry's highest bandwidth capability. The Tomahawk4 series offers low power consumption per bit, thus reducing operational costs. With successful integration into various platforms, it remains a dominant force in high-density network solutions.

Broadcom Inc. (NASDAQ:AVGO) emphasizes its dedication to open computing at the 2021 Open Compute Project Global Summit. Showcasing advanced solutions for AI/ML, Broadcom's innovative technologies include high-bandwidth switches, OCP NIC 3.0 and storage adapters. Key demonstrations involve partnerships with companies like Ampere, Arrcus, and Meta. The company also introduced the PHY Abstraction Interface to further support OCP. Broadcom's commitment to open standards reflects its strategy to enhance performance and energy efficiency in data centers.

Broadcom Inc. (NASDAQ: AVGO) has announced its new 100G/lane optical PAM-4 DSP PHY families, the Jesko BCM8741x and Gemera BCM8781x, designed for 400G and 800G applications. These innovative products achieve best-in-class power dissipation, offering 7W for 400G and under 14W for 800G modules. Compliance with IEEE and OIF standards allows support for various optical modules. The demand for optical connectivity is rising, with millions of 400G transceivers expected to ship in 2021, highlighting the importance of power-efficient solutions.

Broadcom Inc. (NASDAQ: AVGO) will announce its fourth quarter and fiscal year 2021 financial results on December 9, 2021, after market close. A conference call will be held at 2:00 PM PT to discuss these results and provide a business outlook. Investors can listen via telephone or online through Broadcom's website. Replay options will be available for a week following the call. Broadcom is a leader in semiconductor and infrastructure software solutions, serving various critical markets.

Broadcom Inc. (NASDAQ: AVGO) has been awarded the Google Cloud Customer of the Year Award during the Google Cloud Next ’21 event. The recognition highlights Broadcom's innovative achievements in collaboration with Google Cloud, particularly in transforming its software portfolio into SaaS solutions. The partnership aims to enhance Broadcom's product offerings in cybersecurity and infrastructure via Google’s global infrastructure. Over 80 services and products have been transitioned to a modern cloud-friendly architecture, improving scalability and cost-effectiveness.