On Monday Broadcom Inc. (NASDAQ:AVGO) started its trading session with the price $299.52 and closed at price of $305 by scoring 2.84%. Day range of the stock was $299.1 – $305.46. AVGO stock traded with total volume of 3407532 shares while the average trading capacity remained 2066228 shares. Earnings per share was $11.6. AVGO has total market capitalization of $120984655000.
On Nov. 4, 2019, Broadcom Inc. (NASDAQ:AVGO) a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, released that it has completed its acquisition of the Enterprise Security business of Symantec Corporation (NASDAQ: SYMC).
Symantec’s Enterprise Security business will now operate as the Symantec Enterprise division of Broadcom and will be led by Art Gilliland as SVP and General Manager. Mr. Gilliland most recently served as General Manager of Symantec’s Enterprise Security business where he oversaw the Enterprise Security product and engineering teams, Enterprise Security Worldwide Sales and the Enterprise Security customer support organization. He brings more than 20 years of experience in the security software industry.
represents an important milestone as Symantec’s Enterprise Security business joins our other semiconductor and software franchises that together form the Broadcom platform, said Hock Tan, President and Chief Executive Officer of Broadcom. Symantec’s Enterprise Security business expands our footprint of mission critical infrastructure software for the Global 2000. We are pleased to welcome the talented team of employees at Symantec Enterprise Security to the Broadcom family.
We are excited to join Broadcom as it continues to build one of the world’s leading infrastructure technology companies, said Mr. Gilliland. Broadcom has a proven track record of successfully integrating companies, enabling enhanced growth and a faster pace of innovation, and we look forward to welcoming Symantec Enterprise customers, employees and suppliers to the Broadcom community.
Sam Leventhal is a self-taught investor and follows the value investing approach to picking stocks. He possesses over 10 years of investment experience, an M.B.A. from Louisiana State University, and is also certified in Risk Management Assurance. Sam is a Certified Internal Auditor, Data Miner, and author with a career broadly spanning over multiple business areas. He has exploited those observations and developed investment tactics within a fundamentally sound long-term investment strategy. He currently covers Technology News category for our site.
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