Marvell Technology (MRVL) Tops Q4 EPS by 1c
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Marvell (MRVL) PT Lowered to $13 at BofA/Merrill Lynch on Weak Qtr
February 20, 2015 7:42 AM ESTBofA/Merrill Lynch analyst Vivek Arya reiterated an Underperform rating and lowered its price target on Marvell (NASDAQ: MRVL) to $13.00 (from $14.00) following Q4 miss and lower outlook.
The firm has four main concerns: 1) mobile exit/sales looks unlikely; 2) Mobile presence conversely implies hyper-competition; 3)
CMU... More
FBR Capital Upgrades Marvell (MRVL) to Outperform Amid After-Hours Sell-Off
February 20, 2015 6:19 AM ESTFBR Capital upgraded Marvell (NASDAQ: MRVL) from Market Perform to Outperform with a price target of $21.00 (from $19.00) citing a compelling valuation, setup, and risk/reward ratio following the after-hours sell-off post Q4 results.
Analyst Christopher Rolland commented, "We now estimate a $0.45 (and perhaps $0.50) EPS drag from cellular in 2015, with the optionality of a divestiture or restructuring greatly underappreciated by investors. While CY 4Q14 results and 1Q15 guidance were significantly worse... More
