Marvell (MRVL) Price Target Reduced to $14 at UBS
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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
August 21, 2014 4:08 PM EDT
Marvell Technology Group (NASDAQ: MRVL) reported Q2 EPS of $0.34, $0.06 better than the analyst estimate of $0.28. Revenue for the quarter came in at $961.5 million versus the consensus estimate of $961.56 million.
Marvell Technology Group sees Q3 2014 EPS of $0.29, versus the consensus of $0.32. Marvell Technology Group... More
