Tag: MRVL

Marvell Technology (MRVL) Q2 Earnings and Revenues Surpass Estimates

Marvell Technology (MRVL) came out with quarterly earnings of $0.21 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.16 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 5%. A quarter ago, it was expected that this chipmaker would post earnings of $0.14 per share when it actually produced earnings of $0.18, delivering a surprise of 28.57%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Marvell, which belongs to the Zacks Semiconductor – Communications industry,

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Marvell Technology (MRVL) Outpaces Stock Market Gains: What You Should Know

Marvell Technology (MRVL) closed the most recent trading day at $33.78, moving +0.63% from the previous trading session. This move outpaced the S&P 500’s daily gain of 0.27%. Meanwhile, the Dow lost 0.31%, and the Nasdaq, a tech-heavy index, added 1%.

Coming into today, shares of the chipmaker had lost 8.25% in the past month. In that same time, the Computer and Technology sector gained 5.24%, while the S&P 500 gained 5.63%.

Wall Street will be looking for positivity from MRVL as it approaches its next earnings report date. This is expected to be August 27, 2020. The company is

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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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Did Hedge Funds Make The Right Call On Marvell Technology Group Ltd. (MRVL) ?

We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not always available for the general crowd. This doesn’t mean that they don’t have occasional colossal losses; they do. However, it is still a good idea to keep an eye on hedge fund activity. With this in mind, let’s examine the smart money sentiment towards Marvell

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