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Stock impact report

Broadcom's 17% Price Drop Is A Gift [Seeking Alpha]

Broadcom Inc. (AVGO) 
Last broadcom inc. earnings: 3/12 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.broadcom.com
Company Research Source: Seeking Alpha
Summary Tech investors cried foul after Broadcom (Nasdaq: AVGO ) announced and acquisition of CA, Inc. (Nasdaq: CA ) last Thursday and drove the price down 17%. The infraction? CA has little growth and primarily sells ancient mainframe software. Tech investors are different than other investors in that they bid up rapid growing companies with the latest technology like Salesforce.com, Amazon and Netflix regardless of earnings of cash flow. Broadcom has a more traditional model that has been proven to work. In fact, Oracle has been pursuing the model for decades with tremendous success. If Broadcom’s acquisition of CA was in any other industry investors would be cheering. Broadcom is primarily a semiconductor company formed in February 2016 by the merger of Avago Technologies, Ltd and Broadcom Corporation. It has grown in recent years primarily through acquisitions including the purchase of Brocade in late 2017. The company has been very successful in its rollup st Show less Read more
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