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Time Business News
14-07-2025
- Business
- Time Business News
Derek Asir IFGICT Fellow Grade: Storage Network Technology
Derek Asir, a distinguished Storage Network Technology expert with nearly two decades of experience, has been granted the prestigious Fellow grade by the International Federation of Global & Green ICT (IFGICT). This recognition highlights his profound impact on data center infrastructure, protocol integration, and AI-driven analytics. Asir's career, spanning leading technology companies like Broadcom Inc., Brocade Communications, HCL Technologies, Infosys Limited, and Mindteck Inc., showcases a remarkable journey from foundational engineer to a pioneering force in the industry. Derek Asir's illustrious career is a testament to his relentless pursuit of innovation and technical excellence. With a robust educational background in B.E. Electronics and Communication from Karunya Institute and an MBA in IT Management from Western Governors University, Asir uniquely blends deep engineering acumen with strategic business leadership. This powerful combination has been instrumental in his ability to manage complex cross-functional teams and drive transformative projects. Throughout his tenure at industry giants, particularly Broadcom Inc., Asir has consistently pushed the boundaries of Fibre Channel SAN technologies. His evolution to Principal R&D Engineer at Broadcom reflects not just technical mastery but also exceptional leadership growth. This dedication to advancing storage networking has garnered him significant industry accolades, including the coveted Titan Innovation Gold Award for Infrastructure Technology and the Noble Gold Awards for Outstanding Achievement in Product Development and Innovation. One of Asir's most significant contributions lies in his leadership of the SANnav Management Portal's evolution. Spearheading multiple versions of this critical product, he has introduced innovations that have generated over $30 million in annual revenue. Beyond financial success, Asir's work has led to remarkable performance improvements, drastically reducing service boot-up times and optimizing systems to seamlessly learn 250,000 flows. These achievements underscore his ability to deliver tangible, high-impact solutions that directly benefit major industry partners. What truly sets Derek Asir apart is his unique blend of profound technical expertise and insightful thought leadership. His commitment to advancing industry standards is evident in his published scholarly articles featured in international journals, which delve into cutting-edge topics such as AI-powered SAN automation and quantum-secure data centers. These contributions showcase his forward-thinking approach and dedication to shaping the future of data management. Furthermore, Asir's innovative spirit is solidified by his intellectual property contributions, including a patent application for 'Zoning Configuration and Model for an Internet Protocol Storage Fabric.' This highlights his practical application of advanced concepts to solve complex infrastructure challenges. His recognition as a judge for the prestigious Globee® Awards in Artificial Intelligence and Technology further cements his standing as a recognized authority in the field. Asir's profile is further enriched by his comprehensive certifications, which span project management (PMP), agile methodologies (CSM, CSPO), and specialized SAN technologies. Coupled with active memberships in ISACA and fellowships in IETE and Raptors, these demonstrate his unwavering dedication to continuous learning and active industry contribution. This unique blend of innovation, leadership, and widespread recognition firmly positions him as a transformative force in enterprise infrastructure technology. Derek Asir's career trajectory at Broadcom, spanning nearly two decades, showcases a continuous evolution through increasingly complex challenges in storage networking. His journey began as a Lead Engineer at HCL Technologies, where he established foundational QA processes and mentored teams. Subsequent roles at Infosys and as a Technical Lead deepened his expertise in SAN environments and cross-functional leadership, preparing him for the significant impact he would make at Broadcom. Currently, as Principal R&D Engineer, Asir is at the forefront of tackling sophisticated backend dependency challenges within the SANnav Management Portal. His work requires strategic prioritization of core SAN use cases, demonstrating his shift from hands-on testing to architectural leadership. His current learning goals reflect the industry's rapid advancements, focusing on Gen AI-assisted development, integrating iSNS protocols for unified FC/IP networks, and mastering containerization with Docker and Kafka. This forward-looking approach positions him uniquely to shape Storage Network Technology with a strong emphasis on Data Center Infrastructure, Protocol Integration, and AI-driven Analytics. His journey from traditional Fibre Channel testing to AI-driven SAN optimization truly embodies the industry's evolution toward autonomous storage management systems. Dr Kayyali Mohamed the president of IFGICT mentioned ' The granting of the IFGICT fellowship marks a pivotal moment for Derek Asir, significantly amplifying his ability to contribute to storage network technology and data center infrastructure' . With his nearly two decades of expertise in Fibre Channel SAN management and a proven track record leading products like SANnav Management Portal, Asir is poised to leverage this fellowship to advance AI-driven analytics in storage networking protocols even further. His plans include developing innovative solutions that seamlessly integrate emerging technologies like machine learning with traditional SAN management. This will lead to the creation of autonomous storage systems capable of predicting and preventing failures before they impact business operations. This groundbreaking research will not only benefit his institution by establishing new industry partnerships and securing additional research funding but will also have a transformative broader impact on the entire field. Asir's work is set to contribute to next-generation data center architectures that are more efficient, secure, and intelligent. The IFGICT fellowship will undoubtedly solidify his position as a thought leader, enabling him to mentor future engineers and drive standardization efforts across the storage networking industry. Throughout his distinguished career at Broadcom, Derek Asir has spearheaded transformative projects, including the SANnav Management Portal and Brocade Network Advisor. These initiatives have led to significant improvements in system performance, security, and user experience across enterprise data centers globally. His extensive experience in Fibre Channel SAN management, protocol integration, and AI-driven analytics perfectly aligns with IFGICT's research initiatives. Asir brings a wealth of deep technical knowledge in virtualization, I/O analytics, and emerging technologies like Gen AI-assisted tools, having successfully delivered solutions that increased subscription licenses by 12% and generated an impressive $30 million annually. As a certified PMP and Scrum professional with active memberships in FCIA, SNIA, and INCITS Technical Committees, Derek Asir is deeply committed to knowledge sharing and industry advancement. His pioneering patent work in storage fabric technologies and his proven ability to lead cross-functional teams will enable him to effectively mentor emerging professionals and drive collaborative research projects. These projects will undoubtedly address the most critical challenges facing modern data center infrastructure and storage networking technologies, solidifying Derek Asir's role as a true leader and innovator in the field. TIME BUSINESS NEWS
Epoch Times
06-06-2025
- Business
- Epoch Times
Broadcom Shares Fall Despite Better-Than-Expected Earnings
Broadcom Inc., whose shares are trading just below a new all-time high, narrowly beat Wall Street expectations on June 5 after the Silicon Valley chipmaker and AI infrastructure giant reported its fiscal second-quarter earnings following the market's close in New York. For the period ended May 4, the Palo Alto, California-based company
Yahoo
04-06-2025
- Business
- Yahoo
Broadcom Inc. (AVGO) Soars to 52-Week High, Time to Cash Out?
Have you been paying attention to shares of Broadcom Inc. (AVGO)? Shares have been on the move with the stock up 28.4% over the past month. The stock hit a new 52-week high of $257.88 in the previous session. Broadcom Inc. has gained 10.8% since the start of the year compared to the -0.3% move for the Zacks Computer and Technology sector and the 4% return for the Zacks Electronics - Semiconductors industry. The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on March 6, 2025, Broadcom Inc. reported EPS of $1.6 versus consensus estimate of $1.5 while it beat the consensus revenue estimate by 2.03%. For the current fiscal year, Broadcom Inc. is expected to post earnings of $6.63 per share on $62.49 billion in revenues. This represents a 36.14% change in EPS on a 21.18% change in revenues. For the next fiscal year, the company is expected to earn $7.88 per share on $72.82 billion in revenues. This represents a year-over-year change of 18.8% and 16.53%, respectively. Broadcom Inc. may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company has run ahead of itself. On this front, we can look at the Zacks Style Scores, as these give investors a variety of ways to comb through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. The idea behind the style scores is to help investors pick the most appropriate Zacks Rank stocks based on their individual investment style. Broadcom Inc. has a Value Score of D. The stock's Growth and Momentum Scores are A and B, respectively, giving the company a VGM Score of B. In terms of its value breakdown, the stock currently trades at 38.7X current fiscal year EPS estimates, which is a premium to the peer industry average of 23.8X. On a trailing cash flow basis, the stock currently trades at 42.9X versus its peer group's average of 16.9X. Additionally, the stock has a PEG ratio of 2.03. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective. We also need to look at the Zacks Rank for the stock, as this supersedes any trend on the style score front. Fortunately, Broadcom Inc. currently has a Zacks Rank of #2 (Buy) thanks to rising earnings estimates. Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Broadcom Inc. fits the bill. Thus, it seems as though Broadcom Inc. shares could still be poised for more gains ahead. Shares of AVGO have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry? One industry peer that looks good is Nova Ltd. (NVMI). NVMI has a Zacks Rank of # 2 (Buy) and a Value Score of C, a Growth Score of A, and a Momentum Score of C. Earnings were strong last quarter. Nova Ltd. beat our consensus estimate by 4.81%, and for the current fiscal year, NVMI is expected to post earnings of $8.47 per share on revenue of $863.7 million. Shares of Nova Ltd. have gained 8.2% over the past month, and currently trade at a forward P/E of 24.77X and a P/CF of 29.99X. The Electronics - Semiconductors industry is in the top 33% of all the industries we have in our universe, so it looks like there are some nice tailwinds for AVGO and NVMI, even beyond their own solid fundamental situation. 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 Broadcom Inc. (AVGO) : Free Stock Analysis Report Nova Ltd. (NVMI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
29-05-2025
- Business
- Yahoo
Broadcom Inc. (AVGO) Gains As Market Dips: What You Should Know
The most recent trading session ended with Broadcom Inc. (AVGO) standing at $239.43, reflecting a +1.6% shift from the previouse trading day's closing. The stock exceeded the S&P 500, which registered a loss of 0.56% for the day. On the other hand, the Dow registered a loss of 0.58%, and the technology-centric Nasdaq decreased by 0.51%. Coming into today, shares of the chipmaker had gained 23.27% in the past month. In that same time, the Computer and Technology sector gained 11.21%, while the S&P 500 gained 7.37%. Investors will be eagerly watching for the performance of Broadcom Inc. in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on June 5, 2025. The company is predicted to post an EPS of $1.57, indicating a 42.73% growth compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $14.92 billion, up 19.5% from the year-ago period. AVGO's full-year Zacks Consensus Estimates are calling for earnings of $6.62 per share and revenue of $62.39 billion. These results would represent year-over-year changes of +35.93% and +20.97%, respectively. It is also important to note the recent changes to analyst estimates for Broadcom Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability. Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Broadcom Inc. is currently a Zacks Rank #3 (Hold). Digging into valuation, Broadcom Inc. currently has a Forward P/E ratio of 35.6. For comparison, its industry has an average Forward P/E of 23.29, which means Broadcom Inc. is trading at a premium to the group. Investors should also note that AVGO has a PEG ratio of 1.87 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Electronics - Semiconductors industry currently had an average PEG ratio of 1.61 as of yesterday's close. The Electronics - Semiconductors industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 88, positioning it in the top 36% of all 250+ industries. The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Be sure to use to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions. 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 Broadcom Inc. (AVGO) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
27-05-2025
- Business
- Yahoo
Brokers Suggest Investing in Broadcom Inc. (AVGO): Read This Before Placing a Bet
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Broadcom Inc. (AVGO). Broadcom Inc. currently has an average brokerage recommendation (ABR) of 1.24, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 33 brokerage firms. An ABR of 1.24 approximates between Strong Buy and Buy. Of the 33 recommendations that derive the current ABR, 29 are Strong Buy, representing 87.9% of all recommendations. Check price target & stock forecast for Broadcom Inc. here>>>While the ABR calls for buying Broadcom Inc., it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential. Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation. In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement. With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near -term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision. In spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures. The ABR is calculated solely based on brokerage recommendations and is typically displayed with decimals (example: 1.28). In contrast, the Zacks Rank is a quantitative model allowing investors to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5. It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them. In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research. In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks. There is also a key difference between the ABR and Zacks Rank when it comes to freshness. When you look at the ABR, it may not be up-to-date. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices. In terms of earnings estimate revisions for Broadcom Inc., the Zacks Consensus Estimate for the current year has remained unchanged over the past month at $6.62. Analysts' steady views regarding the company's earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Broadcom Inc. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> It may therefore be prudent to be a little cautious with the Buy-equivalent ABR for Broadcom Inc. 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 Broadcom Inc. (AVGO) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
