FBR Capital Upgrades Marvell (MRVL) to Outperform Amid After-Hours Sell-Off

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Go back to FBR Capital Upgrades Marvell (MRVL) to Outperform Amid After-Hours Sell-Off

Marvell (MRVL) PT Lowered to $13 at BofA/Merrill Lynch on Weak Qtr

February 20, 2015 7:42 AM EST

BofA/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)
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Marvell Technology (MRVL) Tops Q4 EPS by 1c

February 19, 2015 4:05 PM EST

Marvell Technology (NASDAQ: MRVL) reported Q4 EPS of $0.25, $0.01 better than the analyst estimate of $0.24. Revenue for the quarter came in at $857 million versus the consensus estimate of $889.9 million.

For earnings history and earnings-related data on Marvell Technology (MRVL) click here.

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