Last $39.70 USD
Change Today +0.33 / 0.84%
Volume 4.1M
BRCM On Other Exchanges
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As of 8:10 PM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).

broadcom corp-cl a (BRCM) Snapshot

Open
$39.45
Previous Close
$39.37
Day High
$39.92
Day Low
$39.15
52 Week High
09/19/14 - $41.65
52 Week Low
11/21/13 - $25.96
Market Cap
23.5B
Average Volume 10 Days
7.3M
EPS TTM
$1.36
Shares Outstanding
542.0M
EX-Date
08/27/14
P/E TM
29.3x
Dividend
$0.48
Dividend Yield
1.18%
Current Stock Chart for BROADCOM CORP-CL A (BRCM)

broadcom corp-cl a (BRCM) Details

Broadcom Corporation provides semiconductor solutions for wired and wireless communications. Its products offer voice, video, data, and multimedia connectivity in the home, office, and mobile environments. The company operates in three segments: Broadband Communications, Mobile and Wireless, and Infrastructure and Networking. The Broadband Communications segment offers cable, satellite, IP, and terrestrial set-top boxes that enable service providers to deploy a range of features and services for consumers; DSL, cable, and fiber broadband access services; and wireless infrastructure solutions, such as femtocell to enhance cellular coverage and small cell low-powered radio access nodes. The Mobile and Wireless segment provides low-power, high-performance, and highly integrated solutions, including Wi-Fi and bluetooth, near field communications, wireless connectivity combo chips, and cellular SoCs, as well as location-based technologies and touch controllers. The Infrastructure and Networking segment offers Ethernet switching products for service provider networks, data center implementations, and enterprise and small-and-medium businesses; communication processors and wireless infrastructure, such as multicore communication processors, knowledge-based processors, and microwave modems and RF; Ethernet controllers; and a range of custom application-specific integrated circuit solutions. The company markets and sells its products through direct sales force, distributors, and manufacturers’ representatives in the United States; and through regional offices, as well as a network of independent and fulfillment distributors, and representatives primarily in Asia, Australia, Europe, and North America. Broadcom Corporation was founded in 1991 and is headquartered in Irvine, California.

12,550 Employees
Last Reported Date: 01/30/14
Founded in 1991

broadcom corp-cl a (BRCM) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $2.6M
Co-Founder, Chairman and Chief Technical Offi...
Total Annual Compensation: $33.4K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $1.2M
Executive Vice President and General Manager ...
Total Annual Compensation: $1.1M
Compensation as of Fiscal Year 2013.

broadcom corp-cl a (BRCM) Key Developments

Broadcom Introduces New Chipset for DSL Infrastructure

Broadcom Corporation has introduced a new BCM65200/900 chipset family that will enable operators and service providers to deliver Gigabit performance over currently installed twisted pair copper cabling. Built on Broadcom's field-proven central-office DSL technology, the BCM65200 DSP and BCM65900 analog front end family of chipsets are the industry's high density G.fast solution, providing a critical step in paving the path to Gigabit-speed services over copper to the home. Today's introduction unlocks the Gigabit-speed potential of operator and service provider's installed copper plant, providing fixed line operators with a path to highly-competitive broadband services over the next several years. Complementing the BCM65200/900 family, Broadcom's end-to-end portfolio for residential home gateways includes the BCM63138 with full support for G.fast and G.vector deployments.

Broadcom Corp. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Three Months Ending December 31, 2014; Reports Impairment Charges for the Third Quarter Ended September 30, 2014

Broadcom Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net revenue of $2.26 billion. This represents an increase of 10.7% compared with the $2.04 billion reported for the second quarter of 2014 and an increase of 5.3% compared with the $2.15 billion reported for the third quarter of 2013. Net income computed in accordance with U.S. generally accepted accounting principles (GAAP) for the third quarter of 2014 was $98 million, or $0.16 per share (diluted), compared with GAAP net loss of $1 million, or $0.00 per share (basic and diluted), for the second quarter of 2014 and GAAP net income of $316 million, or $0.55 per share (basic and diluted), for the third quarter of 2013. GAAP net income for the third quarter of 2014 included charges for restructuring costs related to Broadcom's decision to exit the cellular baseband business totaling $114 million, or $0.19 per share, and additional charges for the impairment of purchased intangible assets of $200 million, or $0.33 per share. Income from operations was $111 million against $336 million a year ago. Income before income taxes was $103 million against $325 million a year ago. Net cash provided by operating activities was $461 million against $672 million a year ago. Net purchases of property and equipment was $56 million against $64 million a year ago. Non-GAAP net income was $569 million or $0.91 diluted per share against $460 million or $0.76 diluted per share a year ago. For nine months, the company reported total net revenue of $6.28 billion against $6.24 billion a year ago. Income from operations was $295 million against $286 million a year ago. Income before income taxes was $272 million against $264 million a year ago. Net income was $262 million or $0.44 diluted per share against $256 million or $0.44 diluted per share a year ago. Net cash provided by operating activities was $1,292 million against $1,394 million a year ago. Net purchases of property and equipment was $214 million against $172 million a year ago. Non-GAAP net income was $1,293 million or $2.07 diluted per share against $1,296 million or $2.11 diluted per share a year ago. For the quarter, the company recorded impairments of long-lived assets of $200 million compared to $165 million for the second quarter of 2014. For the three months ending December 31, 2014, the company expects total net revenue (GAAP) in the range of $2.00 billion to $2.15 billion. GAAP product gross margin will be 53% with change of 75 basis points and non-GAAP product gross margin will be 55% with change of 75 basis points.

Broadcom Corporation Introduces Advanced G.Fast Capabilities for its BCM63138 Gateway SoC

Broadcom Corporation introduced advanced G.fast capabilities for its BCM63138 gateway SoC to allow global telcos to deliver Gigabit-class services to subscribers. The new G.fast digital subscriber line (DSL) standard, capable of supporting data rates in excess of 1Gbps with 106 MHz spectrum, augments Broadcom's telecom access portfolio to ensure carriers can deliver the fastest, most flexible and high quality services to meet growing bandwidth and service needs. Broadcom's BCM63138 high-performance device with G.fast for home gateways complements the new BCM65200/900 central office (CO) family of SoCs and further extends Broadcom's broadband carrier access portfolio, including ADSL/VDSL/Vectoring, Gigabit Ethernet and enhanced LTE. The BCM63138 also supports Gigabit dual-band concurrent Wi-Fi, multiport Gigabit Ethernet and multiline VoIP, allowing residential customers to experience the high LAN data rates throughout the entire home. Utilizing a 1 GHz dual-core ARM Cortex A9 processor plus additional offload engines and dedicated routing accelerator, Broadcom's BCM63138 maximizes the capabilities offered by high-end Customer Premise Equipment (CPE) devices such as home gateways. The device also fulfills a growing residential customer demand for high-end Networked Attached Storage (NAS) with support for high performance NAS and hard drive connectivity and extends the deployment longevity of CPE equipment. The Broadcom(R) BCM63138 SoC is currently in volume production.

 

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Industry Analysis

BRCM

Industry Average

Valuation BRCM Industry Range
Price/Earnings 54.4x
Price/Sales 2.8x
Price/Book 2.7x
Price/Cash Flow 49.6x
TEV/Sales 2.2x
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