Marvell Technology (MRVL) Tops Q1 EPS by 3c; Guides Q2 Below Expectations
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Go back to Marvell Technology (MRVL) Tops Q1 EPS by 3c; Guides Q2 Below Expectations
May 22, 2015 7:41 AM EDT
Brean Capital maintains a Buy rating and $16 price target on Marvell (NASDAQ: MRVL) following April's quarter results. Analyst Mike Burton said that MRVL reported a 16% sequential decline in revenue, MRVL's 4th consecutive miss.
"Marvell reported April quarter results in line with their negative pre-announcement (off... More
May 22, 2015 6:46 AM EDT
Susquehanna analyst Chris Caso lowered his price target on Marvell (NASDAQ: MRVL) to $18.00 (from $20.00) following results and cautious guidance after the close but maintained a Positive rating.
Caso commented, "MRVL reported earnings last night, and guided the July quarter cautiously, about flat Q/Q, after the significant miss in April. We think there are three important elements... More
May 21, 2015 3:29 PM EDT
Marvell (Nasdaq: MRVL) shares are positive, but traders are cautious heading into the company's Q116 report, which is expected out after markets closed today.
The Street sees Marvell reporting Q1 EPS of $0.10 with revenue of $733.4 million, versus EPS of $0.27 and revenue of... More
