Tag: Dips

Marvell Technology (MRVL) Gains As Market Dips: What You Should Know

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Needham Sees at Least 30% Upside Potential for These 3 Tech Stocks

Out on Wall Street, who has been leading the charge forward? Tech. After the space’s key players dragged the market lower in September due to overheated valuations, tech is once again at the helm.The rise in tech makes sense. The pandemic helped accelerate a move toward remote work and telecommuting, and this in turn has put a premium on tech products. From the 5G rollout, to improvements in semiconductor chips, to the expansion of IoT and smart device capabilities – tech is everywhere, and it’s growing fast.Bearing

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Marvell Technology (MRVL) Dips More Than Broader Markets: What You Should Know

Marvell Technology (MRVL) closed at $34.69 in the latest trading session, marking a -1.87% move from the prior day. This move lagged the S&P 500’s daily loss of 0.8%. At the same time, the Dow lost 0.38%, and the tech-heavy Nasdaq lost 1.69%.

Coming into today, shares of the chipmaker had lost 3.6% in the past month. In that same time, the Computer and Technology sector gained 3.6%, while the S&P 500 gained 5.66%.

Investors will be hoping for strength from MRVL as it approaches its next earnings release, which is expected to be August 27, 2020. In that report,

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Avid Technology (AVID) Gains As Market Dips: What You Should Know

In the latest trading session, Avid Technology (AVID) closed at $7.18, marking a +1.27% move from the previous day. The stock outpaced the S&P 500’s daily loss of 0.57%. At the same time, the Dow lost 0.8%, and the tech-heavy Nasdaq gained 0.03%.

Wall Street will be looking for positivity from AVID as it approaches its next earnings report date. The company is expected to report EPS of -$0.01, down 150% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $77.43 million, down 21.55% from the year-ago period.

AVID’s full-year Zacks Consensus Estimates are

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