Marvell (MRVL) Price Target Reduced to $14 at UBS

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Go back to Marvell (MRVL) Price Target Reduced to $14 at UBS

Marvell (MRVL) PT Lowered at Susquehanna on Weak Outlook

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

Marvell (MRVL) PT Cut at Jefferies on Weak 3G

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

Marvell Technology Group (MRVL) Tops Q2 EPS Views, Q3 EPS Guidance Comes in Light

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