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Barchart
Mark R. Hake, CFA

Broadcom Generates Strong Free Cash Flow - AVGO Stock Could Be Too Cheap Here

AVGO Broadcom AnaChart Seeking Alpha

Broadcom Inc (AVGO), the semiconductor maker, reported strong revenue and free cash flow results for its fiscal Q3 on Sept. 3. Moreover, management gave robust guidance for the next quarter. This means that AVGO stock is likely deeply undervalued today.

AVGO stock is at $137.00 as of the close on Friday, Sept 6, having fallen over 10% after the results came out. This is still over its six-month low of $120.45 on April 19. So, if this downward trend continues, the stock might have further to fall to test that low again.

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