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Out some 43's on the boom!
* * $MRVL Video Chart 10-29-2020 * *
Link to Video - click here to watch the technical chart video
Picked up some 35's on the dip this morning due to the large purchase.
$MRVL | #Marvell Tech Long Into Earnings
MRVL long trade into earnings .
Potential targets
$37.00 Fibonacci Golden Pocket
$39.00 Previous resistance
MRVL carries risk as it is reporting when the SMH is getting extended.
Indicators bullish with room to run.
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Arya said Marvell should be able to sustain double-digit revenue growth for at least the next couple of years as 5G-related sales ramp from between $40 million and $50 million in the second half of 2019 to between $300 million and $400 million in 2020 and between $500 million and $600 million in 2021.
Bank of America has a Buy rating and $32 price target for MRVL stock.
Today was perfect for adding more $MRVY.....
It a good day for MRVL. INTC reported better than expected earnings. TXN thinks it lost some market to MRVL. 5G is picking up.
News: $MRVL This 5G Stock Has Jumped 60% in 2019, but Looks Good for More Upside
Marvell Technology Group (NASDAQ: MRVL) stock has been on fire this year, even though its business has not been in the best shape. The company's earnings have gone south for five straight quarters, while the top line has decelerated for two quarters in a row. Marvell's recently re...
Find out more MRVL - This 5G Stock Has Jumped 60% in 2019, but Looks Good for More Upside
Did you notice the SEC filing and fine last week for misleading financial reporting/statements for an “undisclosed revenue management scheme”? SEC fines are common, but financial reporting fines/settlements seem to happen very infrequently for public companies.
I’m surprised the stock is not reacting to this news detailed in the SEC report. Here are my thoughts, I’d love to hear others.. am I way off here?
The SEC filing notes irregularities discovered in years 2015 and 2016 and MRVL settled with cease and desist. However, this kind of revenue management technique can be carried on for a long time (since a balance sheet account is being manipulated) and then blows up. Future years are not discussed one way or another in the SEC filing, other than the panic within the company about continuing the revenue scheme to keep meeting earnings and how this eventually affects future earnings.
The stock price barely reacted DESPITE the company issuing, the next day, earnings guidance that next quarter earnings is going to miss. I do not think investors realize how much earnings can miss when this kind of revenue scheme comes to an end and is reflected in the financial statements.
Tech company revenue recognition can be extremely difficult, especially for longer term projects, custom software, or third party suppliers or distributors. This undisclosed revenue scheme alleges that the company was pulling from future earnings (basically customer deposits or unearned revenue on in-process projects) to meet current earnings targets. "Unearned revenue" is the account on the balance sheet holding future earnings, and is where they were pulling from to meet projected revenues on their balance sheet.
However, in 2019 this unearned revenue account went from around $50-$70M most years to just under $5M. It appears the gig is up, as there is very little to pull from or all future earnings have been pulled for past earnings by the revenue scheme from this account (or unreasonably shipped to customers, as discussed in the SEC charges).
The last few quarters, unearned revenue/deferred income was so small it was buried with other liabilities, not presented on the front of the balance sheet, so it is difficult to track this account during 2019.
On page 6 of the SEC filing, the impact on future earnings and the vicious cycle of this unearned revenue scheme is highlighted. The SEC filing does not note when the undisclosed revenue management scheme ended or any information about 2017 and future years.
Here is an excerpt from Page 6 of the SEC report:
“ c. Second Quarter of Fiscal Year 2016 (ended August 1, 2015) 20. Several weeks into Q2 FY2016, Marvell’s senior management renewed its pressure on its sales managers to pull-in as much revenue as possible to meet the quarter’s revenue targets. Internal FP&A analyses reflected that the combination of declining market demand coupled with the effects of the prior quarter pull-ins had left the company almost $100 million short of its public revenue guidance of $710-$740 million. Again, senior management’s response was that the company could simply not afford to miss its revenue guidance. As one Marvell employee explained: “[W]e need to pull into this QTR, we are still short, we will worry about next QTR later.” “
Either way, the unearned revenue account affected dropped 90% on last fiscal year financials ending 2/2019 to only $5M and they announced disappointing earnings for next quarter.. I certainly am short now and curious to see how this scheme ending plays out in earnings released December 2019!!!
SEC filing https://www.sec.gov/litigation/admin/2019/33-10684.pdf
SEC news release https://www.sec.gov/news/press-release/2019-175
Marvell Financials https://investor.marvell.com/financial-information/annual-reports
Si me gusta bitches.
Profits taken and we await next move in Marvell
*****Update******* Our trade has worked out perfectly in MRVL , so we have taken profits and will wait for reentry once the SMH has found some stability. Despite the lovely gains in the last few weeks call buyers have been very active, loading up on calls with a $28 strike. We do find this as a compelling reason to stay long but discipline dictates that profits must be taken, remember "PIGS GET SLAUGHTERED" greed is the devil to traders
MRVL Technical Breakout above $22 NOW!
MRVL $22.55 is ready to move
Don't miss this one
Came to the party but nobody was there
Marvell Technology G (MRVL)
23.53 ? -0.09 (-0.38%)
Volume: 10,855,725 @ 7:05:14 PM EST ET
Bid Ask Day's Range
23.35 23.48 23.28 - 23.81
MRVL Detailed Quote
Marvell Technology G (MRVL)
17.8099 ? 0.0499 (0.28%)
Volume: 3,833,618 @ 2:02:12 PM EDT ET
Bid Ask Day's Range
17.8 17.81 17.74 - 17.97
MRVL Detailed Quote
$MRVL Beats on 2Q earnings. I knew this would move up today...very
Marvell Technology G (MRVL)
16.13 ? 0.06 (0.37%)
Volume: 11,131,729 @ 7:07:46 PM ET
Bid Ask Day's Range
16.0 16.25 15.915 - 16.18
MRVL Detailed Quote
MRVL News: Additional Proxy Soliciting Materials (definitive) (defa14a) 05/03/2017 04:34:51 PM
MRVL News: Proxy Statement (definitive) (def 14a) 05/03/2017 04:33:08 PM
MRVL News: Marvell Technology Group Ltd. Announces Conference Call to Review First Quarter of Fiscal 2018 Financial Results 05/03/2017 04:05:00 PM
MRVL News: Initial Statement of Beneficial Ownership (3) 05/02/2017 04:36:07 PM
MRVL News: Marvell Technology Group Ltd. Announces the Appointment of Neil Kim as Chief Technology Officer 04/25/2017 08:30:00 AM
Marvell Technology G (MRVL)
16.36 ? 0.0 (0.00%)
Volume: 0 @- ET
Bid Ask Day's Range
11.15 16.97 - - -
MRVL Detailed Quote
Does this company have anything to do with
self driving cars or the IOT (internet of things)?
Marvell Technology G (MRVL)
15.14 ? 0.04 (0.26%)
Volume: 4,794,239 @ 4:32:00 PM ET
Bid Ask Day's Range
14.9 16.97 15.0384 - 15.21
MRVL Detailed Quote
MRVL News: Current Report Filing (8-k) 03/16/2017 04:18:47 PM
MRVL News: Marvell Technology Group Ltd. Declares Quarterly Dividend Payment 03/16/2017 04:05:00 PM
MRVL News: Marvell Introduces Groundbreaking Modular Approach to 10GbE and 25GbE Deployment in the Data Center 03/13/2017 08:30:00 AM
MRVL News: Current Report Filing (8-k) 03/02/2017 04:13:16 PM
MRVL News: Marvell Technology Group Ltd. Reports Fourth Quarter and Fiscal Year 2017 Financial Results 03/02/2017 04:05:00 PM
Marvell Technology G (MRVL)
15.85 ? 0.15 (0.96%)
Volume: 8,221,322 @ 4:20:19 PM ET
Bid Ask Day's Range
15.87 16.1 15.52 - 16.005
MRVL Detailed Quote
MRVL News: Amended Statement of Ownership (sc 13g/a) 02/14/2017 11:42:56 AM
MRVL News: Amended Statement of Ownership (sc 13g/a) 02/14/2017 06:12:56 AM
MRVL News: Amended Statement of Ownership (sc 13g/a) 02/10/2017 01:20:03 PM
MRVL News: Marvell Technology Group Ltd. Announces Conference Call to Review Fourth Fiscal Quarter and Fiscal Year 2017 Financial Result... 02/08/2017 08:00:00 AM
MRVL News: Initial Statement of Beneficial Ownership (3) 02/03/2017 04:38:18 PM
Marvell Technology G (MRVL)
16.155 ? -0.055 (-0.34%)
Volume: 982,743 @ 11:16:38 AM ET
Bid Ask Day's Range
16.15 16.16 16.12 - 16.2458
MRVL Detailed Quote
Marvell Technology G (MRVL)
13.87 ? -0.24 (-1.70%)
Volume: 3,147,284 @ 4:09:20 PM ET
Bid Ask Day's Range
13.8 14.19 13.835 - 14.19
MRVL Detailed Quote
MRVL News: Statement of Changes in Beneficial Ownership (4) 12/19/2016 05:27:09 PM
MRVL News: Initial Statement of Beneficial Ownership (3) 12/15/2016 04:16:30 PM
MRVL News: Current Report Filing (8-k) 12/13/2016 04:50:04 PM
MRVL News: Marvell Technology Group Ltd. Announces the Appointment of Tudor Brown to Board of Directors 12/13/2016 04:30:00 PM
MRVL News: Marvell Technology Group Ltd. Announces the Appointment of Thomas Lagatta as EVP of Worldwide Sales and Marketing 12/12/2016 08:00:00 AM
Marvell Technology G (MRVL)
14.06 ? 0.03 (0.21%)
Volume: 3,405,068 @ 7:42:02 PM ET
Bid Ask Day's Range
12.38 14.15 14.03 - 14.19
MRVL Detailed Quote
MRVL News: Quarterly Report (10-q) 12/06/2016 04:44:08 PM
MRVL News: Statement of Changes in Beneficial Ownership (4) 12/05/2016 04:35:50 PM
MRVL News: Statement of Changes in Beneficial Ownership (4) 12/02/2016 04:32:39 PM
MRVL News: Statement of Changes in Beneficial Ownership (4) 12/01/2016 04:36:04 PM
MRVL News: Current Report Filing (8-k) 11/17/2016 04:17:47 PM
News News Alert: Quarterly Report (10-q) 12/06/2016 04:44:08 PM
MRVL News: Marvell Introduces Industry's Most Optimized 25GbE End-to-End Data Center Solution 10/24/2016 08:00:00 AM
MRVL News: Initial Statement of Beneficial Ownership (3) 10/04/2016 05:17:29 PM
MRVL News: Current Report Filing (8-k) 10/03/2016 09:03:14 AM
MRVL News: Marvell Technology Group Ltd. Announces Appointment of Dave Caron, Corporate Controller and Chief Accounting Officer 10/03/2016 08:45:00 AM
MRVL News: Additional Proxy Soliciting Materials (definitive) (defa14a) 09/27/2016 04:36:40 PM
Marvell Technology G (MRVL)
13.1 ? -0.02 (-0.15%)
Volume: 7,225,105 @ 5:28:14 PM ET
Bid Ask Day's Range
13.0 13.67 13.045 - 13.5425
MRVL Detailed Quote
MRVL News: Initial Statement of Beneficial Ownership (3) 10/04/2016 05:17:29 PM
MRVL News: Current Report Filing (8-k) 10/03/2016 09:03:14 AM
MRVL News: Marvell Technology Group Ltd. Announces Appointment of Dave Caron, Corporate Controller and Chief Accounting Officer 10/03/2016 08:45:00 AM
MRVL News: Additional Proxy Soliciting Materials (definitive) (defa14a) 09/27/2016 04:36:40 PM
MRVL News: Proxy Statement (definitive) (def 14a) 09/27/2016 04:33:12 PM
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