Broadcom Enhances Open-Source Ecosystem with Bitnami Premium Release
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 10 2024
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Source: Benzinga
Launch of Bitnami Premium: Broadcom Inc. has introduced Bitnami Premium, a commercial version of its open-source software catalog, enhancing security features and providing unlimited access to containers and Helm charts through a partnership with Arrow Electronics.
Market Impact: Following the announcement, Broadcom's stock (AVGO) experienced a decline of 3.88%, trading at $172.00, while analysts remain optimistic about potential growth driven by AI and VMware synergies.
Analyst Views on ARW
Wall Street analysts forecast ARW stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for ARW is 107.00 USD with a low forecast of 94.00 USD and a high forecast of 120.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
0 Buy
1 Hold
1 Sell
Moderate Sell
Current: 118.230
Low
94.00
Averages
107.00
High
120.00
Current: 118.230
Low
94.00
Averages
107.00
High
120.00
About ARW
Arrow Electronics, Inc. sources and engineers’ technology for thousands of manufacturers, service providers, and users of enterprise computing solutions. Its segments include global components and global ECS. It distributes electronic components to original equipment manufacturers and equipment manufacturers providers through its global components segment and provides enterprise computing solutions to value-added resellers and managed service providers through its global ECS reportable segment. The global ECS portfolio includes datacenter, cloud, security, and analytics solutions. Global ECS further supports customers by enabling their software and cloud solutions businesses through ArrowSphere, a software and cloud marketplace and management platform. It maintains over 140 sales facilities and 36 distribution and value-added centers, serving over 85 countries. It has operations in each of the three electronics markets, including the Americas, the EMEA and the Asia/Pacific regions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
