Marvell Technology (MRVL) Attempts Red-to Green Reversal Following Additional Purchase of 17,500 Mar 16 Calls
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Susquehanna Sees Bullish Options Activity in Marvell Technology (MRVL) Ahead of Analyst Day; Earlier Today Citi Raised PT
March 6, 2017 2:02 PM ESTSusquehanna option strategist Alison Edwards notes bullish options activity in Marvell Technology Group (NASDAQ: MRVL), as an investor purchased 5000 March 16 Calls today ahead of this week's analyst meeting.
Earlier today, Citi analyst... More
Marvell (MRVL) PT Raised to $14.50 at Citi on New Management Execution
March 6, 2017 8:30 AM ESTCiti analyst Atif Malik raised its price target on Marvell (NASDAQ: MRVL) to $14.50 (from $13.00) while maintaining a Sell rating, noting the company's revenue growth model looks challenged, also suggesting shares appear overvalued relative to peers.
Malik comments, "While new... More
Marvell Technology Group (MRVL) PT Raised to $21 at UBS Following Strong Report; Potential for Multiple Expansion
March 3, 2017 9:13 AM ESTUBS analyst Stephen Chin raised its price target on Marvell Technology Group (NASDAQ: MRVL) to $21.00 (from $20.00) while maintaining a Buy rating, suggesting management is off to a solid start in 2017, as the company reported strong beat and guides for the fourth quarter.
Chin comments, "Marvell reported a strong beat and guide up for its Jan-17 and Apr-17 quarters. We keep a Buy rating as we believe the... More
Needham & Company Remains Sidelined on Marvell Technology (MRVL) Following 4Q
March 3, 2017 7:58 AM ESTNeedham & Company reiterated a Hold rating on Marvell Technology (NASDAQ: MRVL) following the company's 4Q earnings report. NG GM was 19.4%, well ahead of 17.0% estimates, leading to NG EPS of $0.22 that beat $0.19 estimates.
Analyst Quinn Bolton commented, "Though we remain... More
Cowen Reiterates Outperform Rating and $20 PT on Marvell (MRVL) Following 4Q EPS Beat
March 3, 2017 6:09 AM ESTCowen analyst Timothy Arcuri reiterates Outperform rating and $20 price target Marvell (NASDAQ: MRVL), as the company reported solid fourth quarter results and guidance, with EPS above the Street.
Arcuri comments, "With another solid Q/guide, next week's Analyst Day should represent a... More
Marvell (MRVL) PT Raised to $17 at Morgan Stanley
March 3, 2017 3:46 AM ESTMorgan Stanley raised its price target on Marvell (NASDAQ: MRVL) to $17.00 (from $14.00) while maintaining a Equalweight rating.
Analyst Joseph Moore likes the progress MRVL has made in turning the company around but remains skeptical that growth will return for the... More
