Time New York: Thu 21 Mar 15:42 pm  |  Save 15% on H&R Block Online


Broadcom Launches New NVMe Storage & Gen 6 Fibre Channel


Broadcom Limited AVGO recently announced the launch of the latest NVMe and automation know-hows as well as Brocade G630 switch and Brocade FC32-64 port blade for the Brocade X6 director.

With the growing demand for enterprise data storage requirements of flash storage arrays, virtualized and cloud datacenters, the launch of these highest-density Brocade 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 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 peers.

According to Jack Rondoni, senior vice president and general manager of Broadcom, "Brocade is modernizing Fibre Channel and developing innovative capabilities to enable our customers to take advantage of disruptive storage technology like NVMe and automation.”

Per Markets and Markets Research, the market size of the Content Delivery Network (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 Brocade Gen 6 Fibre Channel and expected growth in the network market is likely to generate higher revenues for the company in the near future.

Features & Availability

The Brocade G630 supports up to 128 ports in a 2U form factor, while the FC32-64 includes 64 32 Gbps ports and supports up to 512 ports for the Brocade X6 Director. These accessible, high-density solutions are aimed for the all-flash data center to cater the need for workloads and data center consolidation.

The Brocade G630 switch and FC32-64 blade, and new NVMe along with automation capabilities are available now through Broadcom.

An Outperformer

A look at the company’s price trend reveals that the stock has had an impressive run on the bourse year over year. Broadcom has gained 14.6%, significantly outperforming the industry’s rally of 11.2%.

To Conclude

Broadcom’s expanding product portfolio makes it well-positioned to address the needs of rapidly growing technologies like Internet of Things (IoT) and 5G. Broadcom has strong ties with leading OEMs across multiple target markets that will help it to gain key insights into the requirements of customers.

We believe that the company’s extensive product portfolio, which serves multiple applications within four primary end markets (Wired Infrastructure, Wireless Communications, Enterprise Storage, and Industrial & Other), will aid it to gain significant market share in the long haul.

Zacks Rank & Stocks to Consider

Broadcom currently carries a Zacks Rank #3 (Hold).

Few better-ranked stocks in the broader technology sector are Western Digital Corporation WDC, Applied Materials, Inc. AMAT and Micron Technology, Inc. MU. All sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Western Digital, Applied Materials and Micron have a long-term expected EPS growth rate of 19%, 13.26% and 10%, respectively.

5 Medical Stocks to Buy Now

Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions.

New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits.

Click here to see the 5 stocks >>

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

To read this article on Zacks.com click here.

Zacks Investment Research
<-- You can share this post with your network,
or give us your opinion and leave a comment.
Be sure to check our RSS feeds for updates.