Broadcom Inc

$39.00

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SKU: AVGO-1 Category:

Description

Broadcom reached the target price from our previous report as the company reported yet another strong quarter. The company saw a 20% growth in its core semiconductor business largely driven by strength in the networking end-market given that telecom companies have increased chip-related spending in modernizing infrastructure and enhancing core networks. Broadcom also benefitted heavily from higher cloud spending by data centres as well as the rapid adoption of Wi-Fi 6. While the company did struggle in the server storage connectivity domain, its infrastructure software business has also been performing well particularly through the synergies from acquisitions of CA and Symantec’s enterprise security business. We are optimistic about Broadcom’s future and give it a ‘Hold’ rating with a revised target price.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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