Wednesday, May 16, 2007 9:15:57 AM
Amtech notes that MRVL is due to report its April quarter results this Thursday after the close. Based on the firm's analysis, they anticipate revenue near the midpoint of its guidance range of $640-650 mln (they are at $645 mln vs. consensus of $646.5 mln). Due to the ongoing options investigation, MRVL will not likely report full financials; however, they believe restatements will be within a few weeks with the internal options investigation completed. The firm is buyers of MRVL shares at these levels as they find the risk-reward favorable at 17.5x CY08 EPS with bad news priced in, declining inventory, and improving fundamentals. They see upside to $24 based on a 25x multiple on their CY08 EPS of $0.97.
Recent MRVL News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/02/2024 08:59:04 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 10/01/2024 08:29:54 PM
- Marvell to Showcase Optical Interconnect Innovations for Accelerated Infrastructure at ECOC 2024 • PR Newswire (US) • 09/20/2024 01:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/16/2024 08:07:18 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/13/2024 08:11:39 PM
- Marvell Technology, Inc. Declares Quarterly Dividend Payment • PR Newswire (US) • 09/13/2024 08:05:00 PM
- Marvell, Lumentum and Coherent Demonstrate Industry's First 800G ZR/ZR+ Pluggable Modules for 500km Data Center Interconnects • PR Newswire (US) • 09/05/2024 01:00:00 PM
- U.S. Stocks Fluctuate Before Closing Sharply Higher • IH Market News • 08/30/2024 08:44:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/30/2024 08:03:14 PM
- Dell Stock Rises 6% Premarket on Strong Revenue Beat, Elastic Shares Plunge 27% After Lowering Revenue Forecasts • IH Market News • 08/30/2024 10:00:15 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/29/2024 08:06:26 PM
- Marvell Technology, Inc. Reports Second Quarter of Fiscal Year 2025 Financial Results • PR Newswire (US) • 08/29/2024 08:05:00 PM
- U.S. Futures Rise; Oil Prices Dip Amid Libyan Supply Concerns and Inventory Drop • IH Market News • 08/29/2024 10:11:58 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/19/2024 07:51:00 PM
- Marvell to Showcase Latest Cloud Storage and CXL Memory Technologies at FMS 2024 • PR Newswire (US) • 08/07/2024 01:00:00 PM
- Microsoft Integrates Marvell NIST FIPS 140-3 Level-3 Compliant LiquidSecurity HSMs into Azure Key Vault and Managed HSM Services • PR Newswire (US) • 08/06/2024 01:00:00 PM
- Marvell Technology, Inc. Announces Conference Call to Review Second Quarter of Fiscal Year 2025 Financial Results • PR Newswire (US) • 08/05/2024 08:05:00 PM
- Marvell Introduces Breakthrough Structera CXL Product Line to Address Server Memory Bandwidth and Capacity Challenges in Cloud Data Centers • PR Newswire (US) • 07/30/2024 01:00:00 PM
- Marvell Announces Immediate Availability of Open Ecosystem Software for Teralynx 10 51.2T Switch • PR Newswire (US) • 07/25/2024 01:05:00 PM
- Marvell Teralynx 10 51.2T Ethernet Switch Enters Volume Production for Global AI Cloud Deployments • PR Newswire (US) • 07/25/2024 01:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/16/2024 10:30:20 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/16/2024 09:45:40 PM
- Marvell Extends Connectivity Leadership With Industry's First 1.6T PAM4 DSP for Active Electrical Cables • PR Newswire (US) • 06/27/2024 01:00:00 PM
- Marvell Technology, Inc. Declares Quarterly Dividend Payment • PR Newswire (US) • 06/21/2024 08:05:00 PM
- Form SD - Specialized disclosure report • Edgar (US Regulatory) • 05/31/2024 08:06:26 PM
FEATURED SMX and FinGo Enter Into Collaboration Mandate to Develop a Joint 'Physical to Digital' Platform Service To Enhance Natural Rubber Industry's Ability to Report on Sustainable and Ethical Supply Chains • Oct 3, 2024 7:00 AM
North Bay Resources Announces Assays up to 5 oz/ton Gold, 1.5 oz/ton Platinum, 0.5 oz/ton Palladium, and 0.5 oz/ton Rhodium at Mt. Vernon Gold Mine, Sierra County, California • NBRI • Oct 4, 2024 9:15 AM
Basanite, Inc. Appoints Ali Manav as Interim Chief Executive Officer • BASA • Oct 3, 2024 9:15 AM
Integrated Ventures Announces Launch of MedWell Facilities, LLC and Lease Agreement with Giant Fitness Clubs • INTV • Oct 3, 2024 8:45 AM
Beyond the Horizon: Innovative Drug Combinations Offer New Hope for Alzheimer's and More • NVS • Oct 3, 2024 8:45 AM
Transforming Alzheimer's Treatment: Innovative Combinations to Boost Cognition • PFE • Oct 2, 2024 9:00 AM