Marvell Technology Group Ltd. Reports Third Quarter of Fiscal 2017 Financial Results
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Brean Capital Raises Price Target on Marvell Technology (MRVL) Following 3Q Beat
November 18, 2016 10:25 AM ESTBrean Capital reiterated a Buy rating on Marvell Technology (NASDAQ: MRVL), and raised the price target to $18.00 (from $16.00), following the company's 3Q earnings report. MRVL reported revenue of $654M versus Consensus estimates of $614M. Revenue growth in the quarter was driven by MRVLs Storage segment, which grew 19% Q/Q due to improved demand for... More
Needham & Company Reiterates Hold on Marvell Technology (MRVL) Following 3Q Report
November 18, 2016 8:36 AM ESTNeedham & Company reiterated a Hold rating on Marvell Technology (NASDAQ: MRVL) following the company's 3Q earnings report. Marvell reported revenue and NG EPS of $654MM/$0.20, well ahead of the high end of guidance. Results benefited from $16MM of storage shipments... More
Susquehanna Upgrades Marvell (MRVL) to Positive
November 18, 2016 7:19 AM ESTSusquehanna upgraded Marvell (NASDAQ: MRVL) from Neutral to Positive.
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 $13.36 yesterday.
... MoreMarvell Technology (MRVL) Tops Q3 EPS by 8c; Issues Mixed Q4 Outlook
November 17, 2016 4:08 PM ESTMarvell Technology (NASDAQ: MRVL) reported Q3 EPS of $0.20, $0.08 better than the analyst estimate of $0.12. Revenue for the quarter came in at $654.4 million versus the consensus estimate of $615.89 million.
GUIDANCE:
Marvell Technology sees Q4 2017 EPS of $0.17-$0.21, versus the consensus of $0.13.... More
