Brean Capital Maintains Buy on Marvell Technology (MRVL) Following Q1

UPDATE: Marvell's (MRVL) Risk/Reward 'Skewing More Positive'; Morgan Stanley Upgrades to Overweight

(Updated - May 26, 2015 10:45 AM EDT)

Morgan Stanley upgraded Marvell (NASDAQ: MRVL) from Equalweight to Overweight with a price target of $17.50 (from $15.00). Analyst Joseph Moore said risk/reward is becoming more positive given management's enthusiasm for its new wireless technology, Final Level Cache.

Moore explained, "Management enthusiasm for a new wireless technology signals that there is no imminent baseband exit. But if... More

Marvell (MRVL) PT, Estimates Cut at Susquehanna Post Q1, Cautious Outlook

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

Cowen Trims PT on Marvell (MRVL) to $18 Following Q1 Results, Softer-than-Expected Q2 Outlook

Cowen and Company affirms its Outperform rating on Marvell Technology Group (Nasdaq: MRVL), but moves its price target from $19 to $18 following Q1 results and outlook issued after markets closed on Thursday.

Analyst Tim Arcuri noted that MRVL's Q116 EPS of $.13 topped the firm's $.11 estimate, while revnue was... More

After-Hours Stock Movers 05/21: (ABTL) (STEM) (BBRY) (HPQ) Higher; (ARO) (OTIC) (VGGL) Lower (more...)

Aeropostale (NYSE: ARO) 19.7% LOWER; reported Q1 EPS of ($0.56), $0.01 worse than the analyst estimate of ($0.55). Revenue for the quarter came in at $318.6 million versus the consensus estimate of $324.91 million. Comparable sales, including the e-commerce channel, for the first quarter decreased 11%, compared to a decrease of 13% for the corresponding 13-week period ended May 3, 2014. Aeropostale sees Q2 2015 EPS of ($0.60)-($0.52), versus the consensus of ($0.37).

Otonomy (NASDAQ: OTIC) 17.9% LOWER; announced topline results from its Phase 2b trial evaluating OTO-104 in patients... More

Marvell Technology (MRVL) CFO to Retire

Marvell Technology Group Ltd. (NASDAQ: MRVL), a global leader in integrated silicon solutions, today announced that after sixteen years with Marvell, Mike Rashkin has expressed his intention to retire as chief financial officer, a role that he has held since December 2013. Mr. Rashkin served the Company in a variety of senior roles since 1999 and has been a key contributor to the success of the company since its formation.... More

Marvell Technology (MRVL) Tops Q1 EPS by 3c; Guides Q2 Below Expectations

Marvell Technology (NASDAQ: MRVL) reported Q1 EPS of $0.13, $0.03 better than the analyst estimate of $0.10. Revenue for the quarter came in at $724 million versus the consensus estimate of $733.35 million.

Marvell Technology sees Q2 2016 EPS of $0.10-$0.12, versus the consensus of $0.16. Marvell Technology sees Q2 2016... More

Traders Cautious on Marvell Technology (MRVL) into Q1 Report

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

Trading Radar for 5/21: H-P (HPQ), Gap (GPS), Marvell (MRVL), Best Buy (BBY), Fresh Market (TFM) Report

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

Before Markets Open:
Economics:
8:30am EDT
Initial Claims - Street sees 270k

Continuing Claims - Street sees 2.250M

Earnings:

Advance Auto Parts (NYSE: AAP) - consensus EPS $2.50
Best Buy (NYSE: BBY) - consensus EPS $0.29
Bon-Ton Stores (Nasdaq: BONT) - consensus loss $1.56
Booz Allen Hamilton (NYSE:... More