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Brean Capital Raises Price Target on Marvell Technology (MRVL) Following 3Q Beat

Go back to Brean Capital Raises Price Target on Marvell Technology (MRVL) Following 3Q Beat

Pre-Open Stock Movers 11/18: (SYUT) (HRG) (MRVL) Higher; (ANF) (KTOS) (GPS) Lower (more...)

November 18, 2016 9:14 AM EST

Today's Pre-Open Stock Movers

Synutra International, Inc. (Nasdaq: SYUT) 20% HIGHER; to be Acquired for $6.05/Share in 'Going Private' Transaction.

Abercrombie & Fitch (NYSE: ANF) 11.4% LOWER; reported Q3 EPS... More

Needham & Company Reiterates Hold on Marvell Technology (MRVL) Following 3Q Report

November 18, 2016 8:36 AM EST

Needham & Company reiterated a Hold rating on Marvell Technology (NASDAQ: MRVL) following the company's 3Q earnings report. Marvell reported revenue and NG EPS of $654MM/$0.20, well ahead of the high end of guidance. Results benefited from $16MM of storage shipments... More

Susquehanna Upgrades Marvell (MRVL) to Positive

November 18, 2016 7:19 AM EST

Susquehanna upgraded Marvell (NASDAQ: MRVL) from Neutral to Positive.

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 $13.36 yesterday.

... More

Cowen Boosts PT on Marvell (MRVL) to $18; New Management Produces Results

November 18, 2016 6:28 AM EST

Cowen and Company boosts its price target on Outperform-rated Marvell Technology Group (Nasdaq: MRVL) from $16 to $18 following Q3 results reported Thursday night.

Analyst Tim Arcuri and his team commented today: With a trifecta of better results, better guidance, and line of sight to 60% GM within 4Qs, this was a watershed Q. New management is applying professional techniques to strip out costs,... More

After-Hours Stock Movers 11/17: (SYUT) (HRG) (MRVL) (CRM) Higher; (GPS) (WSM) (AMAT) Lower (more...)

November 17, 2016 6:21 PM EST

Today's After-Hours Movers

Synutra International, Inc. (Nasdaq: SYUT) 20% HIGHER; to be Acquired for $6.05/Share in 'Going Private' Transaction.

HRG Group, Inc. (NYSE: HRG) 11% HIGHER; announced that Omar Asali, President and Chief Executive Officer of HRG, plans to leave the Company in the second half of fiscal 2017 to establish a private investment vehicle that will make long-term investments in private and public companies. The Company also announced today that its Board of Directors has initiated a process to explore the strategic... More

Marvell Technology (MRVL) Declares $0.06 Quarterly Dividend, Approves $1B Buyback

November 17, 2016 4:13 PM EST

Marvell Technology (NASDAQ: MRVL) declared a quarterly dividend of $0.06 per share, or $0.24 annualized.

The dividend will be payable on December 28, 2016, to stockholders of record on December 6, 2016, with an ex-dividend date of December 2, 2016.

The annual yield on the dividend is 1.8... More

Marvell Technology (MRVL) Tops Q3 EPS by 8c; Issues Mixed Q4 Outlook

November 17, 2016 4:08 PM EST

Marvell Technology (NASDAQ: MRVL) reported Q3 EPS of $0.20, $0.08 better than the analyst estimate of $0.12. Revenue for the quarter came in at $654.4 million versus the consensus estimate of $615.89 million.

GUIDANCE:

Marvell Technology sees Q4 2017 EPS of $0.17-$0.21, versus the consensus of $0.13.... More

Marvell Technology (MRVL) November 13 straddle priced for 9% movement into Q3

November 17, 2016 3:04 PM EST

Marvell Technology (NASDAQ: MRVL) November call option implied volatility of 123, December is at 40; compared to 52-week range of 34 to 63 into Q3.

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Starboard Value up more than 10 percent, led by Depomed stake: document

November 16, 2016 8:57 PM EST

By Michael Flaherty

NEW YORK (Reuters) - Starboard Value, the activist hedge fund behind shake-ups at Yahoo Inc (NASDAQ: YHOO) and Marvell Technology Group Ltd (NASDAQ: MRVL), has notched an investment return of more than 10 percent this year on the back of boardroom deals and takeovers.

The Starboard Value and Opportunity Fund has produced a net return for its investors of 10.21 percent through Sept. 30, according to a document seen by Reuters.

The performance is slightly below that of the Russell 2000 index in the same period and above the 6.71... More

Trading Radar for 11/17: Wal-mart (WMT), Staples (SPLS), salesforce.com (CRM), JA Solar (JASO), Marvell (MRVL) Report

November 16, 2016 1:58 PM EST

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
8:30am EST

CPI - Street sees 0.4%Core CPI - Street sees 0.2%Housing Starts - Street sees 1.178MBuilding Permits - Street sees 1.200MInitial Claims - Street sees 257kContinuing Claims - no Street consensusPhiladelphia Fed - Street sees... More