Marvell (MRVL) Cuts Q3 Revs Outlook
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Notable 52-Week Highs and Lows of the Day 10/22: (PHG) (DISH) (AMCX) High; (OSG) (AMD) (MRVL) Low
October 22, 2012 2:07 PM EDTThis report is an intraday check of some of the more notable stocks that have hit a 52-week high or low so far today.
52-Week High:Koninklijke Philips Electronics NV (NYSE: PHG) $26.38. Earlier, Philips reported better third-quarter 2012 EPS of 0.18, versus 0.08 reported last year. Shares up 7.2 percent oto the new high.
DISH Network (Nasdaq: DISH) high of $36.57. DISH reached a settlement with Cablevision Systems Corporation (NYSE: CVC) and AMC... More
Deutsche Bank Downgrades Marvell (MRVL) to Hold, Weakness to Continue
October 19, 2012 1:40 PM EDTDeutsche Bank is the latest firm to downgrade Marvell (NASDAQ: MRVL) following the company's lowered third quarter outlook and CFO departure. The firm cut its rating from from Buy to Hold with a price target of $9.00 (from $12.00).
The analyst commented, "While the... More
Credit Suisse Downgrades Marvell (MRVL) to Neutral
October 19, 2012 1:14 PM EDTEarlier, Credit Suisse downgraded Marvell (NASDAQ: MRVL) from Outperform to Neutral with a price target of $8.50 (from $18.00).
Credit Suisse is one of more than a half a dozen firms that downgraded the stock today after lower third quarter guidance and the CFO... More
Another Analyst Downgrade for Marvell (MRVL)
October 19, 2012 7:42 AM EDTJefferies downgraded Marvell (NASDAQ: MRVL) from Buy to Hold with a revised price target of $9.00 (from $15.00).
Marvel recently announced the departure of its CFO, Clyde Hosein, who left the company to pursue other opportunities. Marvell also announced recently that it expects lower... More
Lazard Capital Downgrades Marvell (MRVL) to Neutral
October 19, 2012 7:39 AM EDTLazard Capital downgraded Marvell (NASDAQ: MRVL) from Buy to Neutral following lower third quarter guidance and CFO departure.
For an analyst ratings summary and ratings history on Marvell click here. For more ratings news on Marvell click here.
Shares of Marvell closed at $8.83 yesterday, with a 52 week range of $8.67-$16.86.... More
CLSA Downgrades Marvell (MRVL) to Underperform
October 19, 2012 7:16 AM EDTCLSA downgraded Marvell (NASDAQ: MRVL) from Outperform to Underperform with a price target of $8.40 (from $13.00) after lower third quarter guidance and CFO departure.
For an analyst ratings summary and ratings history on Marvell... More
FBR Capital Downgrades Marvellf (MRVL) to Market Perform
October 19, 2012 7:15 AM EDTFBR Capital downgraded Marvellf (NASDAQ: MRVL) from Outperform to Market Perform with a price target of $9.50 (from $12.50) after lower third quarter guidance and CFO departure.
For an analyst ratings summary and ratings history on Marvellf... More
JPMorgan Downgrades Marvell (MRVL) to Neutral
October 19, 2012 7:14 AM EDTJPMorgan downgraded Marvell (NASDAQ: MRVL) from Overweight to Neutral with a price target of $10.00 (from $16.00) after lower third quarter guidance and CFO departure.
For an analyst ratings summary and ratings history on Marvell... More
BofA/Merrill Lynch Downgrades Marvell (MRVL) to Underperform
October 19, 2012 6:50 AM EDTBofA/Merrill Lynch downgraded Marvell (NASDAQ: MRVL) from Neutral to Underperform following lower third quarter outlook and CFO departure.
For an analyst ratings summary and ratings history on Marvell click here.... More
Marvell (MRVL) CFO Hosein to Resign
October 18, 2012 4:23 PM EDTIn addition to cutting its third quarter outlook, Marvell (NASDAQ: MRVL) announced that Clyde Hosein has resigned as chief financial officer to pursue other opportunities.
Brad Feller, vice president and corporate controller, will serve as interim chief financial officer during a search... More
