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Marvell (MRVL) reports satisfactory fiscal Q2 performance on the back of strong growth in networking, shift from low-return areas, and continued growth in the storage business.
Ltd. (MRVL) reported results for its fiscal second quarter after the market closed Thursday, including the effects of its July 6 acquisition of chip maker Cavium Inc. On a standalone and adjusted basis, which excludes Cavium, Marvell reported earnings of 35 cents a share, compared with 32 cents a year earlier. Revenue was $665.3 million, including Cavium, or $624 million on a standalone and adjusted basis.
Intel’s (INTC) DCG (Data Center Group) forms the core of the new data-centric company. It has been expanding its DCG offerings beyond server CPUs (central processing units) to include a complete rack scale consisting of networking products like Ethernet and Fabric, Silicon Photonics, 3D XPoint memory, and accelerators for AI workloads.
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Marvell (MRVL) will soon complete its previously announced acquisition of Cavium after receving final clearance from China's State Administration for Market Regulation.
Shares of chip maker Marvell Technology Group (MRVL) are up $1.65, or over 8%, at $21.77, after the company today announced it has received approval by China’s regulatory authorities to proceed with its $6 billion acquisition of Cavium (CAVM), a deal first proposed in November. Approval was a hotly watched topic of late, with some concern among investors that the ongoing trade tensions with China would indefinitely delay or possibly sabotage approval. Cavium shares are up $7.77, or almost 10%, at $87.23.
Wall Street was set to open lower on Thursday, with drug stocks taking a hit after Amazon's move into the space and as U.S. first-quarter economic growth was revised lower, adding to already heightened ...
Marvell Techology Group Ltd. (NASDAQ: MRVL ) shares are attractive at today's levels and poised to benefit from growth trends in the data sector, according to Evercore ISI. The Analyst Evercore ISI analyst ...
Mid-caps stocks, like Cavium Inc (NASDAQ:CAVM) with a market capitalization of US$5.81b, aren’t the focus of most investors who prefer to direct their investments towards either large-cap or small-cap stocks.Read More...
Marvell (MRVL) announces pricing of public offering of $1-billion aggregate principal amount of senior notes to partly fund the cash consideration of the pending Cavium buyout.
Moody's Investors Service ("Moody's") assigned a Baa3 senior unsecured rating to the new Senior Notes of Marvell Technology Group Ltd. ("Marvell"). Proceeds from the Senior Notes and $1.05 billion of senior unsecured bank financing, balance sheet cash, and about $3.1 billion of newly-issued Marvell shares, will be used to fund Marvell's acquisition of Cavium, Inc. ("Cavium").
Moody's Investors Service ("Moody's") assigned a Baa3 issuer rating to Marvell Technology Group Ltd. ("Marvell") in anticipation of Marvell raising $1.9 billion of unsecured debt financing in the near term. Proceeds from the debt financing, along with balance sheet cash and about $3.1 billion of newly-issued Marvell shares, will be used to fund Marvell's acquisition of Cavium, Inc. ("Cavium"). Marvell's Baa3 issuer rating reflects the company's low financial leverage, which we expect to be about 2.5x debt to EBITDA (latest twelve months ended February 3, 2018, Moody's adjusted, excluding anticipated synergies) at closing of the Cavium, Inc. ("Cavium") acquisition and declining toward 1.5x over the following 12 to 18 months as debt is reduced and synergies captured.
Cavium™ enables Edge Services and Compute with optimized port of EdgeX TAIPEI, Taiwan and SAN FRANCISCO , June 4, 2018 /PRNewswire/ -- Cavium, Inc. (NASDAQ: CAVM), a leading provider of semiconductor products ...
OC-LTE Base Stations Debut in Real Deployments SAN JOSE, Calif. and TAIPEI, Taiwan , June 4, 2018 /PRNewswire/ -- Cavium™, Inc., a leading provider of semiconductor products that enable secure and intelligent ...
Scalable 2-to-24 core fully-virtualized SoCs meet next-generation market requirements SAN JOSE, Calif. and TAIPEI, Taiwan , June 4, 2018 /PRNewswire/ -- Cavium™, Inc., a leading provider of semiconductor ...
TAIPEI, Taiwan , June 4, 2018 /PRNewswire/ -- GIGABYTE, an industry leader in high-performance server hardware, and Cavium™, Inc. (NASDAQ: CAVM), a leading provider of semiconductor products that enable ...