Markets

Bartosiak: Trading Broadcom's (AVGO) Earnings with Options

On Thursday, June 1st, Broadcom (AVGO) will release its third quarter earnings results after the bell. The company is a Zacks Rank 3 (Hold), and have a Value, Growth, and Momentum score of A.

In our video David will take a look at the current state of Broadcom, their past earnings announcements, and he'll give us his thoughts on their upcoming earnings call. Furthermore, David will also give us insight on how to play the options market.

BROADCOM in Focus

Broadcom Limited is a designer, developer and supplier of analog and digital semiconductor connectivity solutions. The company provides data center networking, home connectivity, broadband access, telecommunications equipment, smartphones and base stations, data center servers and storage, factory automation, power generation and alternative energy systems and displays. It serves wired infrastructure, wireless communications, enterprise storage and industrial & other market. Broadcom Limited, formerly known as Avago Technologies Limited, is headquartered in Singapore.

Broadcom is expected to report earnings at $3.02 per share according to the Zacks Consensus Estimate. Last quarter they reported earnings at $3.19, beating expectations by $0.17. Their average EPS surprise is 5.95%.

Broadcom Limited Price, Consensus and EPS Surprise

Broadcom Limited Price, Consensus and EPS Surprise | Broadcom Limited Quote

Bottom Line

How should investors play Broadcom ahead of their earnings report? For insights on the best options trades, then tune in 10:00am CST tomorrow to see David's thoughts.

More Stock News: 8 Companies Verge on Apple-Like Run

Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.

A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Broadcom Limited (AVGO): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

AVGO

Other Topics

Earnings