Marvell

Marvell Technology (NASDAQ:MRVL) stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/12/2024 14.09% Citigroup $61 → $75 Maintains Buy 12/05/2023 6.48% Barclays $75 → $70 Maintains Overweight 12/01/2023 6.48% UBS $75 → $70 Maintains Buy 12/01/2023 6.48% Piper Sandler $75 → $70 Maintains Overweight 12/01/2023 14.09% Benchmark → $75 Reiterates Buy → Buy 12/01/2023 -1.13% Susquehanna $70 → $65 Maintains Positive 12/01/2023 -4.17% Morgan Stanley $65 → $63 Maintains Equal-Weight 12/01/2023 -5.69% Raymond James $64 → $62 Maintains Outperform 12/01/2023 -1.13% Needham → $65 Reiterates Buy → Buy 12/01/2023 52.11% Rosenblatt → $100 Reiterates Buy → Buy 12/01/2023 6.48% Keybanc $80 → $70 Maintains Overweight 11/30/2023 52.11% Rosenblatt → $100 Reiterates Buy → Buy 11/14/2023 -8.73% Roth MKM → $60 Initiates Coverage On → Buy 08/25/2023 14.09% B of A Securities $80 → $75 Maintains Buy 08/25/2023 -1.13% Morgan Stanley $68 → […]

Marvell Technology (NASDAQ:MRVL) Sees Q3 2024 Net Revenue $1.4B +/- 5% Vs $1.39B Est。

Marvell Technology (NASDAQ:MRVL) reported fiscal Q2 non-GAAP diluted earnings  of $0.33, down from $0.57 a year earlier. Analysts surveyed by Capital IQ expected $0.32. Revenue for the quarter ended July 29 was $1.34 billion, down from $1.52 billion a year earlier. Analysts surveyed by Capital IQ expected $1.33 billion. The company said it expects fiscal Q3 non-GAAP diluted earnings of $0.40, plus or minus $0.05. Analysts surveyed by Capital IQ expect $0.40. The company expects revenue for the quarter of $1.4 billion, plus or minus 5%. Analysts surveyed by Capital IQ expect $1.39 billion.

Marvell Technology (NASDAQ:MRVL)  reported fiscal Q1 adjusted earnings  of $0.31 per diluted share, down from $0.52 a year earlier. Analysts polled by Capital IQ estimated $0.29. Revenue for the quarter ended April 29 was $1.32 billion, down from $1.45 billion a year earlier. Analysts surveyed by Capital IQ expected $1.3 billion. The chipmaker said it projects fiscal Q2 adjusted EPS of $0.27 to $0.37 on revenue of $1.33 billion, plus or minus 5%. Analysts polled by Capital IQ are looking for an adjusted EPS of $0.31 and revenue of $1.31 billion.