Marvell Technology Group Ltd. Reports First Quarter of Fiscal Year 2018 Financial Results
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May 26, 2017 7:50 AM EDT
Oppenheimer upgraded Marvell (NASDAQ: MRVL) from Perform to Outperform with a price target of $23.00 and raised their above consensus estimates following the 'beat and raise.'
Analyst Rick Schafer notes following several challenging years, new management has printed four consecutive EPS beats and... More
May 26, 2017 7:36 AM EDT
Morgan Stanley raised its price target on Marvell (NASDAQ: MRVL) to $18.50 (from $17.00) while maintaining a Equalweight rating.
Analyst Joseph Moore noted upside came form stronger solid state drives, and continued upside in gross margins. While they see upside, the firm remains sidelined as the see remain conservative on growth potential.
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May 25, 2017 4:06 PM EDT
Marvell Technology (NASDAQ: MRVL) reported Q1 EPS of $0.24, $0.03 better than the analyst estimate of $0.21. Revenue for the quarter came in at $579 million versus the consensus estimate of $570.67 million.
GUIDANCE:
Marvell Technology sees Q2 2018 EPS of $0.26-$0.30, versus the consensus of $0.25.... More
