Latest news with #MarvellTechnology
Yahoo
2 days ago
- Business
- Yahoo
Analyst Views Split on Marvell (MRVL) – Here's What They're Watching
We recently published a list of . In this article, we are going to take a look at where Marvell Technology, Inc. (NASDAQ:MRVL) stands against other AI stocks on Wall Street's radar. On May 28, Stifel analyst Tore Svanberg reiterated a Buy rating on Marvell Technology, Inc. (NASDAQ:MRVL) with an $80.00 price target. Marvell engages in the development and production of semiconductors, focusing heavily on data centers. Given Stifel's July quarter revenue guidance of around $1.97 billion, analysts expect Marvell to offer similar guidance. They believe an upward revision may also be possible, driven by potential increases in data center and artificial intelligence (DC/AI) revenue forecasts. Hyperscalers have also been passing out positive comments, supporting the optimistic outlook. Analysts at Stifel believe that Marvell is poised to benefit from the rapid expansion of data infrastructure. This factor, they believe, will drive long-term growth for the company. An assembly line in a semiconductor factory, with workers at their stations. In other news, Redburn Atlantic initiated coverage on Marvell Technology with a 'Neutral' rating and a price target of $67.00. The firm mentioned how Marvell and Broadcom are similar in terms of their ASICs exposure and networking capabilities, but also mentioned concerns regarding Marvell's potential involvement in future Amazon Web Services (AWS) Trainium chips. Overall, MRVL ranks 7th on our list of AI stocks on Wall Street's radar. While we acknowledge the potential of MRVL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MRVL and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
3 days ago
- Business
- Yahoo
Why Marvell Technology (MRVL) Stock Is Trading Lower Today
Shares of networking chips designer Marvell Technology (NASDAQ: MRVL) fell 6.3% in the afternoon session after the company reported underwhelming first quarter 2025 results: sales and earnings were roughly in line. Free cash flow margin also shrank, and full-year EPS guidance was mostly in line. Overall, this was a mixed quarter. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Marvell Technology? Access our full analysis report here, it's free. Marvell Technology's shares are extremely volatile and have had 40 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 3 days ago when the stock gained 7.8% on the news that the major indices rebounded (Nasdaq +2.0%, S&P 500 +2.0%) as President Trump postponed the planned 50% tariff on European Union imports, shifting the start date to July 9, 2025. Companies with substantial business ties to Europe likely had some relief as the delay reduced near-term cost pressures and preserved cross-border demand. Marvell Technology is down 48% since the beginning of the year, and at $59 per share, it is trading 53.2% below its 52-week high of $126.06 from January 2025. Investors who bought $1,000 worth of Marvell Technology's shares 5 years ago would now be looking at an investment worth $1,789. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Why Marvell Technology (MRVL) Stock Is Trading Lower Today
Shares of networking chips designer Marvell Technology (NASDAQ: MRVL) fell 6.3% in the afternoon session after the company reported underwhelming first quarter 2025 results: sales and earnings were roughly in line. Free cash flow margin also shrank, and full-year EPS guidance was mostly in line. Overall, this was a mixed quarter. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Marvell Technology? Access our full analysis report here, it's free. Marvell Technology's shares are extremely volatile and have had 40 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 3 days ago when the stock gained 7.8% on the news that the major indices rebounded (Nasdaq +2.0%, S&P 500 +2.0%) as President Trump postponed the planned 50% tariff on European Union imports, shifting the start date to July 9, 2025. Companies with substantial business ties to Europe likely had some relief as the delay reduced near-term cost pressures and preserved cross-border demand. Marvell Technology is down 48% since the beginning of the year, and at $59 per share, it is trading 53.2% below its 52-week high of $126.06 from January 2025. Investors who bought $1,000 worth of Marvell Technology's shares 5 years ago would now be looking at an investment worth $1,789. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.
Yahoo
3 days ago
- Business
- Yahoo
Marvell Beats Q1 Earnings Estimates, Guides Strong on Robust Demand
Marvell Technology, Inc. MRVL started fiscal 2026 on a strong note by reporting stronger-than-expected first-quarter results. The chip maker reported first-quarter non-GAAP earnings of 62 cents per share, decisively exceeding the Zacks Consensus Estimate by 1.64%. Quarterly earnings also came ahead of the midpoint of the company's guidance of 61 cents (+/- 5 cents). Furthermore, the bottom line increased 158% year over year and 3% sequentially, driven by higher revenues and effective cost management. Marvell's earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 3.6%. (Find the latest earnings estimates and surprises on Zacks Earnings Calendar.) Marvell's first-quarter revenues of approximately $1.9 billion beat the Zacks Consensus Estimate by 1.04%. The top line was also above the midpoint of management's guidance of $1.875 billion (+/- 5%). First-quarter revenues grew 63% year over year and 4% sequentially, mainly driven by strong growth in the data center and continued recovery in enterprise networking and carrier infrastructure end markets. Marvell Technology, Inc. price-consensus-eps-surprise-chart | Marvell Technology, Inc. Quote Marvell's top-line growth was supported by impressive performances across its segments, which rose sequentially, while the data center segment registered phenomenal growth both year over year and quarterly. Data center revenues of $1.44 billion increased 76% year over year and 5% sequentially. The solid momentum in electro-optics products, custom AI silicon and next-gen switch divisions primarily drove the robust year-over-year and sequential increase. The segment accounted for 76% of the quarter's total revenues, demonstrating that it is currently MRVL's largest end market. Our estimate for Data Center's fiscal first-quarter revenues was pegged at $1.4 billion. Revenues from enterprise networking increased 16% year over year and 4% sequentially to $178 million and accounted for 9% of the total revenues. The year-over-year rise was primarily driven by continued demand recovery across the end market. Our estimate for enterprise networking's fiscal first-quarter revenues was pegged at $186.9 million. Carrier infrastructure revenues, which accounted for 7% of the total revenues, soared 93% year over year and 31% sequentially to $138 million due to continued demand recovery. Our estimate for the carrier infrastructure's fiscal first-quarter revenues was pegged at $114.4 million. Automotive/Industrial revenues decreased 2% year over year and 12% sequentially to $76 million, mainly due to continued weakness across the industrial end market, which more than offset the benefits of recovery in the automotive segment. Revenues from this segment constituted 4% of the total revenues. Our estimate for the Automotive/Industrial's fiscal first-quarter revenues was pegged at $88.9 million. Consumer revenues, representing 2% of the total revenues, increased 50% year over year but declined 29% sequentially to $42 million. Our estimate for Consumer's fiscal first-quarter revenues was pegged at $90.4 million. Marvell's non-GAAP gross profit of $1.13 billion reflected an increase of 56.6% on a year-over-year basis and 3.8% sequentially. However, the non-GAAP gross margin of 59.8% contracted 260 basis points (bps) on a year-over-year basis and 30 bps sequentially. Non-GAAP operating expenses totaled $486.2 million compared with $453.8 million in the year-ago quarter and $479.4 million in the previous quarter. Marvell's non-GAAP operating profit of $647.3 million reflected an increase of 239.6% on a year-over-year basis and 5.7% sequentially. Marvell's non-GAAP operating margin of 34.2% expanded 1,090 bps year over year and 50 bps sequentially. Considering continued robust demand for its custom AI chips, Marvell initiated strong revenue guidance for the second quarter. It expects revenues to be $2 billion (+/- 5%) for the second quarter. The Zacks Consensus Estimate for revenues is pegged at $1.98 billion, with a year-over-year improvement of 55.2%. The non-GAAP gross margin is projected to be in the 59%-60% range, while non-GAAP operating expenses are estimated to be $495 million. The company projects non-GAAP earnings per share for the fiscal second quarter to be 67 cents per share (+/- 5 cents per share), while the consensus mark for the same is currently pegged at 65 cents. The figure remains unchanged over the past 60 days and indicates a year-over-year improvement of 116.7%. Marvell currently carries a Zacks Rank #4 (Sell). Amphenol APH, Juniper Networks JNPR and Upwork UPWK are some better-ranked stocks that investors can consider in the broader Zacks Computer & Technology sector. APH, JNPR and UPWK each sport a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today's Zacks #1 Rank stocks here. Amphenol shares have surged 27.3% in the year-to-date period. The Zacks Consensus Estimate for Amphenol's full-year 2025 earnings is pegged at $2.66 per share, up by 8 cents over the past 30 days, suggesting growth of 40.7% from the year-ago quarter's reported figure. Juniper Networks shares have declined 3.7% in the year-to-date period. The Zacks Consensus Estimate for Juniper Networks' full-year fiscal 2025 earnings has been revised upward by a penny to $2.09 in the past 30 days, suggesting year-over-year growth of 21.5%. Upwork shares have fallen 3.2% in the year-to-date period. The Zacks Consensus Estimate for Upwork's full-year 2025 earnings has been revised upward by 10 cents over the past 30 days to $1.14 per share, implying a rise of 9.6% from the year-ago quarter's levels. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Amphenol Corporation (APH) : Free Stock Analysis Report Juniper Networks, Inc. (JNPR) : Free Stock Analysis Report Marvell Technology, Inc. (MRVL) : Free Stock Analysis Report Upwork Inc. (UPWK) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Wall Street Journal
3 days ago
- Business
- Wall Street Journal
Costco, Marvell, Dell: Stocks to Watch After-Hours
🔎 Costco Wholesale (COST): The warehouse-club chain's shares traded near flat postmarket after it logged higher profit despite softening consumer confidence. ↘️ Marvell Technology (MRVL): The chip maker's shares slipped 1%. Marvell swung to a profit, fueled by what executives called strong demand for artificial intelligence. ↗️ Dell Technologies (DELL): Shares rose 1.5% after-hours following the maker of computers and software raising its earnings guidance.
