Marvell (MRVL) Price Target Reduced to $14 at UBS
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Marvell (MRVL) PT Lowered at Susquehanna on Weak Outlook
August 22, 2014 7:03 AM EDTSusquehanna 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 EDTJefferies 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 EDTMarvell 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
