Marvell Technology Group (MRVL) Tops Q2 EPS Views, Q3 EPS Guidance Comes in Light
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Go back to Marvell Technology Group (MRVL) Tops Q2 EPS Views, Q3 EPS Guidance Comes in Light
August 22, 2014 9:56 AM EDT
UBS maintained a Neutral rating on Marvell (NASDAQ: MRVL) and reduced its price target to $14.00 (from $17.00). The change follows Q2 results and guidance.
Analyst Stephen Chin said, "Marvell's F2Q sales were in line with consensus though... More
August 22, 2014 7:03 AM EDT
Susquehanna analyst Chris Caso reiterated a Neutral rating on Marvell (NASDAQ: MRVL) and lowered his price target to $14.00 (from $16.00) after an 'OK' quarter but weaker than expected outlook.
Caso commented, "MRVLs earnings report was mixed, with slight upside to July-quarter results, but October guidance was light of consensus. The issue for both quarters was weakness in their 3G handset business, driven... More
August 22, 2014 6:47 AM EDT
Jefferies analyst Mark Lipacis reiterated a Hold rating on Marvell (NASDAQ: MRVL) and lowered his price target to $15.00 (from $17.00) following Q2 results, saying 3G weakness offset storage gains.
Lipacis commented, "MRVL's disappointing OctQ outlook highlights Samsung's weakness in China 3G. Growth in... More
