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Broadcom (AVGO) Enhances Wi-Fi Operation With New Chipset
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Broadcom (AVGO - Free Report) recently announced the availability of its second-generation Wi-Fi 7 chipset solutions for various Wi-Fi devices, such as routers, gateways, access points and client devices. These new chips offer more features and functionality than first-generation Wi-Fi 7 chips.
The new chipset include the BCM6765, a residential access point chip; the BCM47722, an enterprise access point chip; and the BCM4390, a low-power Wi-Fi, Bluetooth, and 802.15.4 combo chip for phones and tablets.
With the second-generation chips, Wi-Fi 7 will experience rapid adoption, driven by increased bandwidths, and multi-link operation (MLO).
These new products will enable customers to build a diverse set of Wi-Fi 7 products across a wide range of markets. Broadcom is currently sampling its second-generation Wi-Fi 7 chips to early access partners and customers in various segments.
We believe upgrades in its Wi-Fi 7 ecosystem with its next-generation chipset solutions is expected to drive top-line growth in the days ahead.
Broadcom’s Strong Portfolio to Aid Prospects
Broadcom offers a diverse portfolio of semiconductors and infrastructure software solutions.
Earlier this month, Broadcom announced the availability of its FBAR integrated front end module (FiFEM) devices with filter integration optimized for Wi-Fi 7 access points. It enables up to 40% reduction in RF front-end power and enhances gateway energy efficiency via average power consumption.
In April 2023, Broadcom introduced Jericho3-AI, a fabric that enhances the performance of artificial intelligence (AI) networks. It offers perfect load balancing, congestion-free operation and ultra-high radix.
In March 2023, Broadcom announced that it would start the production of the Tomahawk 5, a family of Ethernet switch/router chips, which is capable of delivering 51.2 Tbps of switching capacity, twice that of any other switch on the market and even the previous generation Tomahawk 4.
Broadcom’s expanding portfolio is expected to drive its top-line growth in 2023.
In third-quarter fiscal 2023, Broadcom expects revenues of $8.85 billion, up 4.6% year over year.
The Zacks Consensus Estimate for fiscal third quarter revenues is pegged at $8.86 billion, indicating 4.65% growth from the year-ago quarter’s reported figure.
The Zacks Consensus estimate for earnings is unchanged at $10.38 per share in the past 30 days.
Zacks Rank & Other Stocks to Consider
Currently, Broadcom carries a Zacks Rank #3 (Hold). The stock has increased 55.2% year to date compared with the Zacks Electronics-Semiconductors industry’s surge of 51.9% and the Zacks Computer and Technology sector’s rise of 37.2%.
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Broadcom (AVGO) Enhances Wi-Fi Operation With New Chipset
Broadcom (AVGO - Free Report) recently announced the availability of its second-generation Wi-Fi 7 chipset solutions for various Wi-Fi devices, such as routers, gateways, access points and client devices. These new chips offer more features and functionality than first-generation Wi-Fi 7 chips.
The new chipset include the BCM6765, a residential access point chip; the BCM47722, an enterprise access point chip; and the BCM4390, a low-power Wi-Fi, Bluetooth, and 802.15.4 combo chip for phones and tablets.
With the second-generation chips, Wi-Fi 7 will experience rapid adoption, driven by increased bandwidths, and multi-link operation (MLO).
These new products will enable customers to build a diverse set of Wi-Fi 7 products across a wide range of markets. Broadcom is currently sampling its second-generation Wi-Fi 7 chips to early access partners and customers in various segments.
Broadcom Inc. Price and Consensus
Broadcom Inc. price-consensus-chart | Broadcom Inc. Quote
We believe upgrades in its Wi-Fi 7 ecosystem with its next-generation chipset solutions is expected to drive top-line growth in the days ahead.
Broadcom’s Strong Portfolio to Aid Prospects
Broadcom offers a diverse portfolio of semiconductors and infrastructure software solutions.
Earlier this month, Broadcom announced the availability of its FBAR integrated front end module (FiFEM) devices with filter integration optimized for Wi-Fi 7 access points. It enables up to 40% reduction in RF front-end power and enhances gateway energy efficiency via average power consumption.
In April 2023, Broadcom introduced Jericho3-AI, a fabric that enhances the performance of artificial intelligence (AI) networks. It offers perfect load balancing, congestion-free operation and ultra-high radix.
In March 2023, Broadcom announced that it would start the production of the Tomahawk 5, a family of Ethernet switch/router chips, which is capable of delivering 51.2 Tbps of switching capacity, twice that of any other switch on the market and even the previous generation Tomahawk 4.
Broadcom’s expanding portfolio is expected to drive its top-line growth in 2023.
In third-quarter fiscal 2023, Broadcom expects revenues of $8.85 billion, up 4.6% year over year.
The Zacks Consensus Estimate for fiscal third quarter revenues is pegged at $8.86 billion, indicating 4.65% growth from the year-ago quarter’s reported figure.
The Zacks Consensus estimate for earnings is unchanged at $10.38 per share in the past 30 days.
Zacks Rank & Other Stocks to Consider
Currently, Broadcom carries a Zacks Rank #3 (Hold). The stock has increased 55.2% year to date compared with the Zacks Electronics-Semiconductors industry’s surge of 51.9% and the Zacks Computer and Technology sector’s rise of 37.2%.
Some better-ranked stocks in the broader sector are IPG Photonics (IPGP - Free Report) , BlackLine (BL - Free Report) , and Meta Platforms (META - Free Report) , each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
IPG Photonics’ shares have gained 40.5% year to date. The long-term earnings growth rate for IPGP is currently projected at 8.71%.
BlackLine’s shares have declined 20.1% year to date. BL’s long-term earnings growth rate is currently projected at 41.11%.
Meta Platforms’ shares have gained 136.3% year to date. The long-term earnings growth rate for META is currently projected at 21.93%.