Broadcom Inc. Buyback
OLI recorded this information on 4/12/2018
Broadcom Inc. (NASDAQ:AVGO) ("Broadcom") today announced its Board of Directors has authorized the repurchase by the Company of up to $12 billion of its common stock. The authorization is effective immediately until November 3, 2019, the end of Broadcom's fiscal year 2019.
Broadcom is a holding company. Through its subsidiaries, Co. designs, develops and supplies of a range of semiconductor and infrastructure software solutions. Co. develops semiconductor devices with a focus on digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products. Co.'s infrastructure software solutions enable customers to plan, develop, automate, manage and secure applications across mainframe, distributed, mobile and cloud platforms. Co. provides a cyber security solutions portfolio, including endpoint, network, information and identity security solutions, and provides mission critical fibre channel storage area networking products.
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Strong Buy (3.62 out of 4)