On Thursday, December 8th, Broadcom (AVGO) will release its third quarter earnings results after the bell. The company is a Zacks Rank 2 (Buy), and have a Value, Growth, and Momentum score of C.
Dave will look at Broadcom’s past earnings, take a look at what is currently going on with the company, and give us his thoughts on their upcoming earnings announcement.
Furthermore, Dave will uncover some potential options trades for investors looking to make a play on Broadcom ahead of earnings.
Broadcom in Focus
Broadcom Limited is a designer, developer and supplier of analog and digital semiconductor connectivity solutions. The company provides data center networking, home connectivity, broadband access, telecommunications equipment, smartphones and base stations, data center servers and storage, factory automation, power generation and alternative energy systems and displays. It serves wired infrastructure, wireless communications, enterprise storage and industrial & other market. Broadcom Limited, formerly known as Avago Technologies Limited (NASDAQ:AVGO), is headquartered in Singapore.
Broadcom is expected to report earnings at $2.89 per share according to the Zacks Consensus Estimate. Last quarter they beat earnings expectations by 7.86% with their announcement at $2.29 per share. They have an average earnings surprise of 7.00%.
BROADCOM LTD (AVGO): Free Stock Analysis Report
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