Microvast Holdings announces departure of chief financial officer
PALO ALTO, Calif. - Broadcom Inc. (NASDAQ:AVGO), a prominent player in the Semiconductors & Semiconductor Equipment industry with impressive gross profit margins, announced today significant updates to VMware vDefend, aiming to enhance security for organizations utilizing VMware Cloud Foundation (VCF). According to InvestingPro data, the company’s strong financial position is supported by 23 analysts who have revised their earnings upwards for the upcoming period. The updates introduced include tools for security planning and assessment, streamlined lifecycle management, and scalable security features across various application environments.
The new features of VMware vDefend are designed to address the challenges organizations face in maintaining visibility and security across a multitude of applications. According to Umesh Mahajan, vice president and general manager at Broadcom, vDefend simplifies the achievement of zero trust and private cloud security goals by providing comprehensive lateral security implementation. With net income expected to grow this year, Broadcom continues to invest in innovative solutions while maintaining a moderate level of debt.
Key innovations in the latest vDefend update include real-time security assessments, a next-generation Security Services Platform (SSP) for simplified operations, and micro-segmentation as code to enhance security operations. The SSP update offers a user-friendly architecture and enhanced scale-out capability, ensuring large-scale VCF deployments are automatically covered for visibility and threat prevention.
Furthermore, vDefend Distributed Firewall introduces an API-driven model for micro-segmentation, enabling security to be applied as part of the application deployment process, thus ensuring consistent lateral security protection for both virtual machines and container workloads.
The updated Network Detection and Response (NDR) feature now supports secure threat intelligence updates for air-gapped environments, providing an additional layer of security for sensitive or high-security operations. This enhancement caters to industries with stringent regulatory compliance requirements.
Additionally, a VMware Validated Solutions design guide for secure VCF is now available, providing security teams with best practice designs and use case guidance for rapid zero trust lateral security implementation.
Broadcom’s vDefend has also received third-party recognition, securing an AAA rating for Advanced Threat Prevention in the SE Labs Advanced Security Test Report. This rating signifies top-tier threat detection capabilities. A study by Forrester Consulting highlights the financial benefits of using VMware vDefend, including a 40% reduction in cyber breach risk, a 25% cut in security operations expenses, and prevention of a 12% increase in cyber insurance premiums, culminating in a 116% return on investment for a composite organization. This success aligns with Broadcom’s track record of maintaining dividend payments for 16 consecutive years and delivering strong returns over the last decade. For detailed financial analysis and 13 additional key insights about Broadcom, visit InvestingPro, where you can access comprehensive Pro Research Reports covering what really matters for informed investment decisions.
The updates to VMware vDefend are available today, as stated in the press release. These enhancements aim to provide organizations with robust tools to fortify their cybersecurity measures effectively.
In other recent news, Broadcom has reported significant growth in its artificial intelligence (AI) revenue, reaching $4.1 billion in the first quarter of 2025. This marks a 10% sequential growth and a 77% increase compared to the previous year, exceeding the company’s expectations of $3.8 billion. The strong performance in AI has been attributed to Broadcom’s networking segment and relationships with major tech companies like Google, Meta, and ByteDance. Despite this, reports have emerged that Google may partner with MediaTek for the production of its next Tensor Processing Units (TPUs), potentially affecting Broadcom’s share in the AI chip market.
Analysts have responded positively to Broadcom’s financial results. Benchmark reaffirmed a Buy rating with a price target of $255, while TD Cowen maintained a Buy rating and a $265 target. Truist Securities also increased its price target to $267, citing Broadcom’s AI growth prospects as a compelling investment reason. Wolfe Research, however, maintained a Peer Perform rating, noting the company’s AI business growth but also highlighting the slower growth in other segments.
Broadcom’s management has emphasized the potential expansion of its serviceable available market to $60-90 billion by fiscal year 2027, driven by key customer relationships. The company’s strategic focus on AI and innovation is seen as a crucial factor for its future growth. Despite the potential shift in Google’s partnership, Broadcom remains in discussions to continue co-designing some AI chips, indicating ongoing efforts to maintain its position in the competitive AI industry.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.