Craig-Hallum Upgrades Marvell (MRVL) to Buy
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Marvell (MRVL) PT Trimmed to $14 at Nomura Amid Mobile Restructuring
September 25, 2015 10:36 AM EDTNomura Securities analyst Sanjay Chaurasia reiterated a Buy rating and lowered his price target on Marvell (NASDAQ: MRVL) to $14.00 (from $16.00) amid the announced mobile restructuring.
Chaurasia commented, "Mobile restructuring removed a substantial drag. But due to lack of a clear growth strategy... More
FBR Capital Raises Price Target on Marvell Technology (MRVL) Following Announced Mobile Platform Restructuring
September 25, 2015 10:34 AM EDTFBR Capital reiterated a Market Perform rating on Marvell (NASDAQ: MRVL), and raised the price target to $11.00 (from $9.00), following the company's announced plans to restructure its mobile platform division. The company plans to right size the divisions expenses and to focus on more profitable investments.
Analyst Christopher Rolland commented, "After the close on Thursday, September 24, Marvell announced a plan to significantly... More
Marvell Technology (MRVL) Announces 17% Reduction in Global Headcount
September 24, 2015 4:23 PM EDTMarvell Technology Group Ltd. (NASDAQ: MRVL) today announced a significant restructuring of its mobile platform business in order to focus the mobile product line on anticipated more profitable opportunities and right-size its expenses in line with corporate targets. Marvell will continue its strong commitment to wireless connectivity such as WiFi and other wireless standards needed to support its strategies in existing markets as well as expanding into emerging opportunities in IoT and automotive.
As approved by the Company's Board of Directors, the Company... More
