Marvell (MRVL) CFO Hosein to Resign
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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) Cuts Q3 Revs Outlook
October 18, 2012 4:05 PM EDTMarvell (NASDAQ: MRVL), a global leader in integrated silicon solutions, today updated its financial outlook for the third quarter of fiscal 2013, ending October 27, 2012.
Marvell now expects net revenue for the third quarter of fiscal 2013 will be in the range of $765 million to $785 million,... More
