A Strong Quarter for Broadcom, Thanks to the iPhone
Semiconductor supplier Broadcom (NASDAQ: AVGO) reported its fiscal fourth-quarter results after the market closed on Dec. 6. Revenue grew across all segments, with the wireless segment producing the strongest growth thanks to the recent iPhone launch. Broadcom sees this strength continuing into the first quarter, driven by the later launch of the iPhone X. Here's what investors need to know about Broadcom's fourth-quarter report.
Metric
Q4 2017
Source: Fool.com
Broadcom Ltd. Stock
€1,240.2
-0.260%
The stock is an absolute favorite of our community with 42 Buy predictions and no Sell predictions.
As a result the target price of 1380 € shows a slightly positive potential of 11.27% compared to the current price of 1240.2 € for Broadcom Ltd..
