Marvell Technology Inc (MRVL)

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08:48 MRVL Marvell: Q1 preview - BWS Financial (17.04 )

BWS Financial notes MRVL is set to report Q1 results after the close today. Firm says there is much expectation the co would have been able to fully resolve the inventory situation of the last two quarters. Firm says there is also a growing consensus that MRVL would provide guidance that is below expectations. They feel that the market has fully priced in any disappointment at this point with little premium for the possibility of the co guiding higher or reporting better than expected results. Firm feels that a bottom is in place in MRVL shares and the earnings report should result in the stock making another attempt at the $20 level.