Are We Ready for All-Time Highs? A Closer Look at AVGO
AVGO, once recognized as Broadcom Inc., stands as a key player in the global tech landscape, providing a variety of semiconductor and software solutions. These products find applications across multiple sectors such as telecom, data storage, and industrial automation.
For H1 2023, AVGO recorded an impressive $18.76 billion in earnings, marking a 25.6% YoY increase. The EPS for the same period rose by 21.4% YoY to $10.32. Forecasts suggest a Q3 2023 EPS of $10.42, reflecting a 7.09% YoY growth.
The company's revenue surge is fueled by robust demand in the data center, networking, and storage domains. Additionally, the burgeoning Internet of Things (IoT) and 5G markets are further augmenting AVGO's growth trajectory.
**Important Levels to Watch**:
- 923
- 976
- 1072
- 1169
**Projected Growth**:
Expectations indicate a 7.5% CAGR in revenue and a 9.5% CAGR in EPS from 2023 to 2025, positioning AVGO for sustainable growth.
**Key Growth Catalysts**:
- **Data Center Demand**: Businesses are increasingly shifting towards cloud computing and other data-centric technologies, causing the data center market to swell. AVGO has a firm footing here with its range of switches, routers, and storage solutions.
- **IoT Market**: The fast-growing IoT sphere is adopting more connected devices, and AVGO's chip and software contributions are noteworthy in this sector.
- **Market Diversification**: AVGO's recent forays into new areas like automotive and industrial automation are opening new revenue and earnings avenues.
In summary, AVGO has a solid earnings history and is strategically positioned for continued upward momentum. Keep an eye on the mentioned key levels as we might be setting the stage for new all-time highs.
Thank you for reading and let’s continue watch this amazing company. Dr saud
For H1 2023, AVGO recorded an impressive $18.76 billion in earnings, marking a 25.6% YoY increase. The EPS for the same period rose by 21.4% YoY to $10.32. Forecasts suggest a Q3 2023 EPS of $10.42, reflecting a 7.09% YoY growth.
The company's revenue surge is fueled by robust demand in the data center, networking, and storage domains. Additionally, the burgeoning Internet of Things (IoT) and 5G markets are further augmenting AVGO's growth trajectory.
**Important Levels to Watch**:
- 923
- 976
- 1072
- 1169
**Projected Growth**:
Expectations indicate a 7.5% CAGR in revenue and a 9.5% CAGR in EPS from 2023 to 2025, positioning AVGO for sustainable growth.
**Key Growth Catalysts**:
- **Data Center Demand**: Businesses are increasingly shifting towards cloud computing and other data-centric technologies, causing the data center market to swell. AVGO has a firm footing here with its range of switches, routers, and storage solutions.
- **IoT Market**: The fast-growing IoT sphere is adopting more connected devices, and AVGO's chip and software contributions are noteworthy in this sector.
- **Market Diversification**: AVGO's recent forays into new areas like automotive and industrial automation are opening new revenue and earnings avenues.
In summary, AVGO has a solid earnings history and is strategically positioned for continued upward momentum. Keep an eye on the mentioned key levels as we might be setting the stage for new all-time highs.
Thank you for reading and let’s continue watch this amazing company. Dr saud
Trade closed: target reached
Trade closed: target reached