Marvell Technology, Inc. Reports Third Quarter of Fiscal Year 2022 Financial Results
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Marvell (MRVL) PT Raised to $98 at Jefferies
December 3, 2021 8:16 AM ESTJefferies analyst Mark Lipacis raised the price target on Marvell (NASDAQ: MRVL) to $98.00 (from $82.00) while maintaining a Buy rating following results.
The analyst commented, "MRVL remains a top pick after posting 12% EPS beat for both 3Q reported and 4Q outlook, and... More
Marvell (MRVL) PT Raised to $100 at Susquehanna
December 3, 2021 7:45 AM ESTSusquehanna analyst Christopher Rolland raised the price target on Marvell (NASDAQ: MRVL) to $100.00 (from $82.00) while maintaining a Positive rating.
The analyst commented, "While we had previewed another beat and raise, we hadnt expected anything this good. Better long-term growth driven by hyperscale custom silicon, 5G and auto."
... MoreMarvell (MRVL) PT Raised to $98 at BMO Capital
December 3, 2021 7:29 AM ESTBMO Capital analyst Ambrish Srivastava raised the price target on Marvell (NASDAQ: MRVL) to $98.00 (from $85.00) while maintaining an Outperform rating.
The analyst commented, "Marvell is not in the habit of providing out-year guidance. In an exception, Marvell expects CY22 growth of ~30%,... More
Marvell (MRVL) PT Raised to $100 at Needham & Company
December 3, 2021 7:08 AM ESTNeedham & Company analyst Quinn Bolton raised the price target on Marvell (NASDAQ: MRVL) to $100.00 (from $75.00) while maintaining a Buy rating following results.
The analyst commented, "Marvell delivered impressive results and provided F4Q22 revenue guidance that was well above expectations due to... More
Marvell Technology (MRVL) Stock Gains 14% on Better Than Expected Q3 Results
December 2, 2021 5:24 PM ESTMarvell Technology (NASDAQ: MRVL) shares were trading more than 14% higher after-hours following the companys reported Q3 results, with EPS coming in at $0.43, beating the consensus estimate of $0.38. Quarterly revenue grew 61% year-over-year to $1.21 billion, compared to the consensus estimate of $1.15 billion. Q3 results... More
Marvell Technology (MRVL) Tops Q3 EPS by 5c
December 2, 2021 4:09 PM ESTMarvell Technology (NASDAQ: MRVL) reported Q3 EPS of $0.43, $0.05 better than the analyst estimate of $0.38. Revenue for the quarter came in at $1.21 billion versus the consensus estimate of $1.15 billion.
GUIDANCE:
Marvell Technology sees Q4 2022 EPS of $0.45-$0.51, versus the consensus of ($0.42).... More
