Marvell Technology Group Ltd. Reports Third Quarter of Fiscal Year 2018 Financial Results

Marvell (MRVL) PT Raised to $28 at BofA/Merrill Lynch; Reiterates Buy

BofA/Merrill Lynch raised its price target on Marvell (NASDAQ: MRVL) to $28.00 (from $26.00) while maintaining a Buy rating following the company's 3Q earnings release. Sales were reported 1% ahead, with pf-EPS 3% ahead vs. the original outlook.

The most important takeaway from the call was... More

Marvell (MRVL) PT Raised to $29 at KeyBanc Following 3Q; Reiterates Overweight

KeyBanc raised its price target on Marvell (NASDAQ: MRVL) to $29.00 (from $25.00) while maintaining a Overweight rating following the company's 3Q release. Revenue of $616M exceeded estimates of $610M, driven by better strength in connectivity. Higher revenue and lower operating expenses drove EPS to $0.34, above... More

Marvell (MRVL) PT Raised to $28 at Jefferies; Multiple Tailwinds Seen

Jefferies raised its price target on Marvell (NASDAQ: MRVL) to $28.00 (from $27.00) while maintaining a Buy rating following beat and raise results.

Analyst Mark Lipacis sees multiple tailwinds across its segments as a standalone entity, and continue to expect the acquisition of CAVM... More

Marvell (MRVL) PT Raised to $27 at Needham & Company; Strong Core Business

Needham & Company analyst N. Quinn Bolton raised his price target on Marvell (NASDAQ: MRVL) to $27.00 (from $25.00) while maintaining a Buy rating following results in line with its positive pre-announcement reflecting strength in its core business, particularly in Connectivity.

Bolton said he is... More

Marvell Technology (MRVL) Tops Q3 EPS by 1c, Offers Q4 Guidance

Marvell Technology (NASDAQ: MRVL) reported Q3 EPS of $0.34, $0.01 better than the analyst estimate of $0.33. Revenue for the quarter came in at $616.3 million versus the consensus estimate of $613.33 million.

GUIDANCE:

Marvell Technology sees Q4 2018 EPS of $0.29-$0.33 vs $0.28 consensus. Marvell Technology... More