Broadcom Said In Q3, It Expects Networking Revenue To Maintain Its Growth Year-on-year Of Around 20%- Conf Call
Portfolio Pulse from Charles Gross
Broadcom expects its networking revenue to maintain a YoY growth of around 20% in Q3, according to a recent conference call.
June 01, 2023 | 9:17 pm
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POSITIVE IMPACT
Broadcom's Q3 networking revenue is expected to maintain a 20% YoY growth, indicating a positive outlook for the company.
The news directly mentions Broadcom's expectation of a 20% YoY growth in networking revenue for Q3. This indicates a positive outlook for the company, as maintaining such growth is a sign of strong performance. This is likely to have a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100