Deutsche Bank Reiterates a 'Buy' on Marvell (MRVL); Q2 Preview: Snap Back
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Price: $222.02 --0%
Rating Summary:
49 Buy, 12 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 12 | New: 19
Rating Summary:
49 Buy, 12 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 12 | New: 19
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Deutsche Bank reiterates a 'Buy' on Marvell (NASDAQ: MRVL) price target of $18.00.
Analyst, Ross Seymore, said, "We model F2Q13 revenue of $845m (+6% q/q) and PF EPS of $0.26 which is slightly below the Street consensus at $854m (+7% q/q)/$0.27. We model Storage revenue to rise +8% q/q as MRVL benefits from a loosening in HDD supply and adoption of 500GB platters. We are modeling Mobile & Wireless to grow +5% q/q driven by strong momentum in TD Smartphone shipments with competitive pricing pressure as a partial headwind. We expect Networking to grow by +5% q/q driven by seasonality. Our EPS est. also assumes a GM of 54.5%, flat q/q and in-line with guidance."
Overall Seymore expects that MRVL won't escape the macro pressures impacting the semi group, but believes that company can snap back faster and stronger than peers.
For an analyst ratings summary and ratings history on Marvell click here. For more ratings news on Marvell click here.
Shares of Marvell closed at $11.99 yesterday.
Analyst, Ross Seymore, said, "We model F2Q13 revenue of $845m (+6% q/q) and PF EPS of $0.26 which is slightly below the Street consensus at $854m (+7% q/q)/$0.27. We model Storage revenue to rise +8% q/q as MRVL benefits from a loosening in HDD supply and adoption of 500GB platters. We are modeling Mobile & Wireless to grow +5% q/q driven by strong momentum in TD Smartphone shipments with competitive pricing pressure as a partial headwind. We expect Networking to grow by +5% q/q driven by seasonality. Our EPS est. also assumes a GM of 54.5%, flat q/q and in-line with guidance."
Overall Seymore expects that MRVL won't escape the macro pressures impacting the semi group, but believes that company can snap back faster and stronger than peers.
For an analyst ratings summary and ratings history on Marvell click here. For more ratings news on Marvell click here.
Shares of Marvell closed at $11.99 yesterday.
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