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Nokia Corporation Message Board

  • nusaiba nusaiba Aug 23, 2013 8:16 AM Flag

    Hot News!RBC Capital Doug Freedman reiterated his Top Pick rating and $17 price target on Marvell (NASDAQ: MRVL) following Q2 'beat and raise.'

    RBC Capital Doug Freedman reiterated his Top Pick rating and $17 price target on Marvell (NASDAQ: MRVL) following Q2 'beat and raise.'

    "Beat and raise results as the one main negative from this call, the gross margin outlook, likely improves on better new product yields and LTE ramp (material volumes in early-CY14)," Freedman comments. "Higher revenue starting point is attributable to on-going share gains in Storage and M&W. Fundamentally, one of the best calls we've heard, and MRVL still has several higher-value ramps ahead (LTE, SSD client/enterprise, .AC)
    ."

 
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