Broadcom Limited AVGO, a leading designer, developer and global supplier of a broad range of analog and digital semiconductor connectivity solutions, recently announced the launch of their range of Emulex Gen 6 Fibre Channel host bus adapters (HBA).
With the growing demand for enterprise data storage requirements of flash storage arrays, virtualized and cloud datacenters, the launch of the Emulex Gen 6 Fibre Channel family is likely to reduce network blockage and enable data centers to maximize return on investment (ROI) from the flash storage investments.
Broadcom caters to the needs of customers by consolidating workloads onto Emulex and Brocade’s Gen 6 Fibre Channel technologies. Enterprise customers can assuage latency and performance concerns to build out a high performance network that meets their new storage technology requirements. These improved features will help the company set itself apart from its peers.
As per Markets and Markets Research the Content Delivery Network (CDN), the market size of CDN is expected to grow from $4.95 billion in 2015 to $15.73 billion in 2020, at a CAGR of 26.0%. The launch of the new family of Emulex Gen 6 Fibre Channel and expected growth in the network market is likely to generate higher revenues for the company in the near future.
Broadcom is an American semiconductor company in the wireless and broadband communication business. It merged with Avago Technologies in 2016 and currently operates as a wholly owned subsidiary of the merged entity called Broadcom Limited. The division is headquartered in Irvine, CA. Broadcom has an extensive product portfolio, which serves multiple applications within four primary end markets, i.e., wired infrastructure, wireless communications, enterprise storage and industrial & others.
Broadcom carries a Zacks Rank #2 (Buy). Some other stocks that are worth a look include FormFactor Inc. FORM, Himax Technologies, Inc. HIMX and Alpha & Omega Semiconductor, Ltd. AOSL. FormFactor and Himax both sport a Zacks Rank #1 (Strong Buy), whereas, Alpha & Omega Semiconductor sports the same rank as Broadcom.
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 >>
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
Be the first to comment