Marvell Technology Group Ltd. Reports Second Quarter of Fiscal Year 2020 Financial Results
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Oppenheimer Reiterates Outperform Rating on Marvell (MRVL)
August 30, 2019 8:44 AM EDTOppenheimer analyst Rick Schafer reiterated an Outperform rating and $30.00 price target on Marvell (NASDAQ: MRVL) following the company's 2Q report. MRVL reported F2Q19 sales/EPS of $657M/$0.16 above consensus of $650M/ $0.15E. F3Q guidance of $660M/$0.17 was below Street at... More
Benchmark Reiterates Buy Rating on Marvell (MRVL)
August 30, 2019 7:04 AM EDTBenchmark analyst Ruben Roy reiterated a Buy rating and $30.00 price target on Marvell (NASDAQ: MRVL) following the company's 2Q report. MRVL reported fiscal 2Q results that were slightly ahead of expectations with storage segment revenue stabilizing and operating expense reductions achieving company targets... More
Marvell Technology (MRVL) Tops Q2 EPS by 1c; Guides Below
August 29, 2019 4:08 PM EDTMarvell Technology (NASDAQ: MRVL) reported Q2 EPS of $0.16, $0.01 better than the analyst estimate of $0.15. Revenue for the quarter came in at $657 million versus the consensus estimate of $652.05 million.
"Marvell delivered solid second quarter results with revenue above the mid-point of our guidance and we... More
