Broadcom Inc. ($AVGO) is set to release its Q2 financial results with anticipated earnings of $10.80 per share and revenue of $12.03 billion. Analysts are optimistic about the company's performance, citing factors such as AI-related revenue growth, potential stock split, and positive outlook on earnings. Market indicators suggest a potential move of 6-7% following the earnings release on June 12, 2024.
Broadcom $AVGO June weekly 1440 straddle priced for a move of 6% into the expected release of quarter results after the bell on June 12.
$AVGO | Broadcom Q2 Earnings Preview: AI-Related Revenue In Focus, Will Partnerships With Meta, Google Shine Through In Results, Guidance? Broadcom reports Q2 earnings results on June 12, 2024. A look at the earnings estimates and what analysts are saying ahead of Q2 results. https://t.co/XRpcWPvyUi
Broadcom Inc. (NASDAQ:$AVGO) to release Q2 financial results, with anticipated earnings of $10.80/share and revenue of $12.03 billion. Shares increased by 2.4% to $1,440.47 as new adapters were announced.
$AVGO Citi reiterates Broadcom as overweight Citi said it’s bullish heading into earnings on Wednesday. “We reiterate our Buy rating on AVGO given upside from AI strength and EPS accretion from the VMware acquisition.”
Broadcom $AVGO June weekly 1407.50 straddle priced for a move of 7% into the expected release of quarter results after the bell on June 12.
$AVGO Morgan Stanley resumes Broadcom as overweight Morgan Stanley resumed coverage of Broadcom , saying it’s “compelling.” “Growth in AI, potential upside synergies from VMW, and recovery in core enterprise semis all make AVGO compelling relative to others in the ‘AI winners’…
$AVGO approaching new highs. Earnings later this week. Maybe they get inspired by $NVDA and announce a stock split? @marketsurge @IBDinvestors #IBDPartner https://t.co/eqAHFpIuRN https://t.co/XY3nM5aAj3
Earnings this week: There is one name Heisenberg is watching with a hawk's eye. The chart just screeams breakout imo. It's been testing this $1,400-1,450 wall for 3.5 months now multiple times. I suspect it finally breaks through come this Wed after hrs. $AVGO Buy. https://t.co/wUixZOONoQ