Marvell Technology Group Ltd. Reports Fourth Fiscal Quarter and Fiscal Year 2016 Financial Results

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Needham & Company Remains Sidelined on Marvell Technology (MRVL) Following Mixed 4Q

July 20, 2016 8:10 AM EDT

Needham & Company reiterated a Hold rating on Marvell Technology (NASDAQ: MRVL) following the company's 4Q earnings report. Marvel reported revenue and NG EPS of $616MM/ $0.11, compared to $645MM/$0.09 estimates. Management wouldn't provide any guidance for the April quarter, but commented... More