20.25 +0.02 (0.10%)
After hours: 5:12PM EDT
|Bid||20.21 x 2900|
|Ask||20.23 x 1000|
|Day's Range||20.01 - 20.43|
|52 Week Range||14.34 - 23.38|
|Beta (3Y Monthly)||1.30|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 29, 2019 - Jun 3, 2019|
|Forward Dividend & Yield||0.24 (1.19%)|
|1y Target Est||23.17|
Why Broadcom Stock Is Gaining Momentum This MonthStock price movementsBroadcom (AVGO) stock rose 1.35% and closed at $293.84 on March 18. Shares of the semiconductor giant have risen 6.7% this month as of March 18. AVGO also reached a new high of
SANTA CLARA, Calif. , March 15, 2019 /PRNewswire/ -- Marvell Technology Group Ltd. (NASDAQ: MRVL), a leader in infrastructure semiconductor solutions, today announced a quarterly dividend of $0.06 per ...
HENDERSON, NV / ACCESSWIRE / March 15, 2019 / Tech stocks have been unpredictable but there are a several new trends which investors are looking to remain exposed to in the long-term. Internet of Things ...
In order to withstand competition from key players, Marvell (MRVL) introduces a family of Ethernet switches that boasts up to 12.8 Tbps of capacity.
Marvell's Cutting-Edge HDD Controller and Preamplifier Enable Exceptional Storage Density for the Data Center of Tomorrow SANTA CLARA, Calif. , March 13, 2019 /PRNewswire/ -- Marvell (NASDAQ: MRVL), a ...
NVDA, AMD, MRVL, CY: Semiconductor Stocks on the Rise(Continued from Prior Part)Cypress stock gained 2.16% on MondayCypress Semiconductor (CY) rose 2.16% on March 11 to $15.13 after the company received regulatory approval for its joint venture with
NVDA, AMD, MRVL, CY: Semiconductor Stocks on the Rise(Continued from Prior Part)Marvell stock gained on Monday Marvell Technology (MRVL) stock gained 3.75% on Monday and closed at $19.38. It seems that the stock has recovered from its March 8 decline
Prestera CX 8500 Family Enables Composable Infrastructure Leveraging Leading-Edge 400 Gbps Network Interfaces, Ushering in a New Era in Connected Intelligence, Edge Computing and 5G Applications SANTA ...
The Dow Jones Industrial Average fell Friday for a fifth straight day Friday after the U.S. economy added far fewer jobs than expected in February. posted stronger-than-expected second-quarter earnings but missed Wall Street's revenue estimates. issued an earnings forecast for its fiscal first quarter below Wall Street estimates.
Stocks that moved substantially or traded heavily on Friday: Costco Wholesale Corp., up $11.03 to $227.82 The huge, no-frills retailer reported earnings that were far ahead of what Wall Street analysts ...
MKM Partners' Ruben Roy maintains a Buy rating on Marvell Technology with an unchanged $25 price target. Bank of America's Vivek Arya maintains at Buy, unchanged $24 price target. Marvell's fourth-quarter revenue of $745 million came in near the high-end of management's guide but was down 12.5 percent from the prior quarter, Roy said in a research report.
declined 4.3% on Friday to $18.34 after the chipmaker issued an earnings forecast for its fiscal first quarter below Wall Street estimates. Marvell on Thursday reported adjusted fourth-quarter earnings of 25 cents a share, matching estimates, on sales of nearly $745 million, which came in above forecasts. "Marvell continued to improve its financial performance in fiscal 2019, while also increasing scale and diversifying its business through the acquisition of Cavium," said Matt Murphy, Marvell's president and CEO.
Marvell (MRVL) fiscal Q4 performance gains from strong growth in Ethernet switch and PHY business. However, lower-than-expected performance in the networking and storage businesses is an overhang.
U.S. stock futures were lower on Friday, March 8, taking their cue from Asian markets that fell sharply on concerns the U.S. and China weren't as close to reaching a trade deal as had been hoped and as Wall Street awaited the U.S. jobs report for February. The U.S. and China have yet to set a date for a summit to resolve their trade dispute, said Terry Branstad, the U.S. ambassador to China, as neither side feels an agreement is imminent.
Chipmaker Marvell Technology late Thursday delivered mixed fourth-quarter results, but guided much lower than Wall Street’s views for the current quarter. The report pushed its stock lower.
Marvell Technology Group Ltd. shares dropped more than 4% Thursday afternoon after the company predicted in a quarterly earnings report that it will struggle for the next couple of months. Marvell reported fiscal fourth-quarter losses of $261 million, or 40 cents a share, on sales of $744.8 million, up from $615.4 million in the year-ago quarter. After adjustments for stock-based compensation and other "special items," the chip maker claimed earnings of 25 cents a share, down from 32 cents a share a year ago. Analysts on average expected adjusted earnings of 25 cents a share on sales of $740 million, according to FactSet. Marvell's forecast for the fiscal first quarter, which began Feb. 3, did not live up to expectations, however. The company said it expects adjusted earnings of 12 to 16 cents a share on sales of about $650 million, give or take 3%. Analysts on average had modeled adjusted earnings of 23 cents a share on sales of $718 million, according to FactSet. Marvell stock closed with a 2.2% decline at $19.17, but was trading for less than $18.40 in after-hours action immediately following the report's release. Shares have declined 10.1% in the past year, as the S&P 500 index has gained 1.6%.
- Q4 Revenue: $745 million - Q4 Gross Margin: 43.2% GAAP gross margin; 64.5% non-GAAP gross margin - Q4 Diluted loss per share: $(0.40) GAAP diluted loss per share from continuing operations; $0.25 non-GAAP ...
is in bull market territory since a "key reversal" day on Dec. 26, but this strength is within a longer-term bear market. This tech stock set a multiyear intraday high of $25.18 on March 9, 2018 and shares plunged 43% to its Dec. 26 low of $14.34. Since this low, the stock is in bull market territory, up 36.7%.