|Bid||834.22 x 1100|
|Ask||835.00 x 800|
|Day's range||823.01 - 838.56|
|52-week range||415.07 - 923.67|
|Beta (5Y monthly)||1.12|
|PE ratio (TTM)||25.66|
|Earnings date||06 Dec 2023 - 11 Dec 2023|
|Forward dividend & yield||18.40 (2.22%)|
|Ex-dividend date||20 Sept 2023|
|1y target est||900.03|
In a significant development in the tech and entertainment industry, a ruling by the District Court of Munich on Monday has found Netflix (NASDAQ:NFLX) guilty of infringing on a patent held by global technology company Broadcom (NASDAQ:NASDAQ:AVGO). This ruling marks a notable milestone in an ongoing patent dispute between the two corporations that began in 2018.
SAN JOSE, Calif., Sept. 25, 2023 (GLOBE NEWSWIRE) -- Broadcom Inc. (NASDAQ:AVGO) announced today that the District Court of Munich, Germany, ruled that Netflix is infringing a Broadcom patent related to HEVC/H.265 video coding. The court issued an injunction requiring Netflix to cease and desist all further infringement in Germany. Since 2018, Netflix and Broadcom have been engaged in a wide-ranging patent dispute whereby Broadcom has accused Netflix of infringing numerous U.S., German, and Dutc
In an era of software mega-deals, old network infrastructure giant Cisco Systems (NASDAQ: CSCO) apparently doesn't want to be left out. It just announced it intends to acquire Splunk (NASDAQ: SPLK), which specializes in data log analysis and cloud observability software, for $28 billion in cash. If the deal is approved, it will instantly shoot into the top-five largest software acquisitions ever.