Marvell Technology (MRVL) Tops Q1 EPS by 1c, Revenues Beat; Offers 2Q EPS/Revenue Mid-Point Outlooks Above Consensus

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Go back to Marvell Technology (MRVL) Tops Q1 EPS by 1c, Revenues Beat; Offers 2Q EPS/Revenue Mid-Point Outlooks Above Consensus

Morgan Stanley Reiterates Equal-Weight on Marvell Technology (MRVL) Following 1Q

June 1, 2018 7:37 AM EDT

Morgan Stanley reiterated an Equal-weight rating and $23.00 price target on Marvell Technology (NASDAQ: MRVL) following the company's 1Q earnings report. Marvell reported revenues of $604.6mn in the April quarter, slightly above the Street at $602mn. NonGAAP EPS of $0.32, came in $0.01 above the... More