Marvell Technology Group Ltd. Reports Preliminary Second Quarter of Fiscal 2016 Financial Results
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UBS Cuts Price target on Marvell Technology (MRVL) Given Additional Details on Delayed 2Q16 Results
September 14, 2015 9:43 AM EDTUBS reiterated a Neutral rating on Marvell (NASDAQ: MRVL), and cut the price target to $9.10 (from $14.00) given the release of additional details surrounding the company's delayed 2Q16 results. Marvell published preliminary F2Q16 revenues of $711M that included approximately $50M of revenues primarily related to storage/HDD controllers.
Analyst Stephen Chin... More
Morgan Stanley Downgrades Marvell (MRVL) to Equalweight
September 14, 2015 7:26 AM EDTMorgan Stanley downgraded Marvell (NASDAQ: MRVL) from Overweight to Equalweight with a price target of $9.50 (from $17.50).
For an analyst ratings summary and ratings history on Marvell click here. For more ratings news on Marvell click here.
Shares of Marvell closed at $8.84 yesterday.
... MoreMarvell's (MRVL) Announcement Described One of Most 'Cryptic' in 20yrs - Cowen
September 11, 2015 3:20 PM EDTCowen maintained an Outperform rating on Marvell (NASDAQ: MRVL) but cut its price target to $14.00 (from $16.00). Analyst Timothy Arcuri said the company's press release related to accounting issues was "one of the most cryptic releases we have seen in 20yrs on the sell... More
Marvell's (MRVL) Price Target Reduced to $10 at Deutsche Bank
September 11, 2015 2:24 PM EDTDeutsche Bank maintained a Hold rating on Marvell (NASDAQ: MRVL) and reduced its price target to $10.00 (from $14.00). Earlier Marvell reported disappointing preliminary Q2 results and an audit committee investigation.
Commenting on the news, analyst Ross Seymore said, "MRVL reported preliminary F2Q16 GAAP results and announced an independent investigation of certain F2Q16 rev rec... More
FBR Capital Downgrades Marvell (MRVL) to Market Perform
September 11, 2015 1:52 PM EDTFBR Capital downgraded Marvell (NASDAQ: MRVL) from Outperform to Market Perform with a price target of $9.00.
Analyst Chris Rolland commented, "On Friday morning, September 11, Marvell reported worse-than-expected C2Q15 results and failed to offer 3Q15 guidance as the company announced an... More
RBC Capital Cuts Price Target on Marvell Technology (MRVL) to $9 Following 1Q16 Preliminary Results
September 11, 2015 10:51 AM EDTRBC Capital maintained a Sector Perform rating on Marvell (NASDAQ: MRVL), and cut the price target to $9.00 (from $13.00), following announced preliminary financial results for 1Q16. Analyst Mitch Steves said that the results suggests incremental softness from a demand perspective.
Steves commented,... More
Needham & Company Downgrades Marvell (MRVL) to Hold
September 11, 2015 9:06 AM EDTNeedham & Company downgraded Marvell (NASDAQ: MRVL) from Buy to Hold amid the audit committee investigation.
Analyst N. Quinn Bolton commented, "When Marvell delayed the release of its F2Q16 results three weeks ago, we were hopeful the delay was a sign the... More
