What's Going On With Broadcom Stock Thursday?
Portfolio Pulse from Adam Eckert
Broadcom Inc (NASDAQ:AVGO) announced that its Symantec Cloud Secure Web Gateway solution received FedRAMP authorization, enabling U.S. federal agencies to migrate security services to cloud-native services cost-effectively. This achievement highlights Broadcom's commitment to securing federal agencies.
June 20, 2024 | 4:39 pm
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Broadcom's Symantec Cloud Secure Web Gateway solution received FedRAMP authorization, which is likely to enhance its appeal to U.S. federal agencies. This regulatory approval could drive increased adoption of Broadcom's cloud security solutions.
The FedRAMP authorization is a significant milestone for Broadcom, as it allows U.S. federal agencies to adopt its cloud security solutions more readily. This regulatory approval is likely to drive increased demand for Broadcom's services, positively impacting its stock price in the short term.
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