Marvell Technology Group Ltd. Reports Second Quarter of Fiscal Year 2021 Financial Results
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August 28, 2020 7:38 AM EDT
Raymond James analyst Chris Caso reiterated a Market Perform rating on Marvell (NASDAQ: MRVL) following the company's 2Q earnings report. July quarter revenue of $727.3 million was up 5% q/q and 11% y/y and came in modestly above the midpoint of guidance.... More
August 28, 2020 7:32 AM EDT
Stifel analyst Tore Svanberg reiterated a Buy rating and $43.00 price target on Marvell (NASDAQ: MRVL) following the company's 2Q earnings report. Revenue was $727.3mn vs. the Street estimate of $720.7mn. Non-GAAP EPS was $0.21, +$0.01 above the Street consensus estimate of $0.20.
Svanberg... More
August 27, 2020 4:08 PM EDT
Marvell Technology (NASDAQ: MRVL) reported Q2 EPS of $0.21, $0.01 better than the analyst estimate of $0.20. Revenue for the quarter came in at $727 million versus the consensus estimate of $724.69 million.
"Marvell delivered strong second quarter financial results with revenue above the mid-point of guidance, growing 11% year on year and 5% sequentially. We are expecting revenue growth to continue in the... More
