Marvell Technology (MRVL) volatility elevated into disappointing results and guidance
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Price: $235.20 -6.3%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.1%
Revenue Growth %: +34.8%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.1%
Revenue Growth %: +34.8%
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Marvell Technology (Nasdaq: MRVL) is recently down $1.12 to $11.16 in the premarket after the company's Q2 results and guidance missed expectations. ThinkEquity says “Reduced outlook driven by storage and wireless.” Overall option implied volatility of 47 is above its 26-week average of 39.
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