Alert: New Earnings Report (5/28/20)-Marvell Technology Group Ltd (NASDAQ: MRVL).


For its first fiscal quarter (ending April 30), Marvell Technology Group Ltd (NASDAQ: MRVL) has reported E.P.S. of $-0.17 compared to $-0.07 a year ago. This result fell short of the consensus estimate of $0.14 by $-0.31. For the latest four quarters through April 30, E.P.S. were $2.28 versus $-0.54 for the same period a year ago.


Recent Price Action

Marvell Technology Group Ltd (NASDAQ: MRVL) stock closed at $29.97 on 5/28/20 after a large decline of -2.4%. Moreover, this decline was accompanied by unusually high trading volume at 169% of normal. The stock has risen 9.5% during the last week and has been strong relative to the market over the last nine months.

Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, MRVL is expected to continue to be a Value Builder.

Marvell Technology has a current Value Trend Rating of A (Highest Rating). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Marvell Technology has a neutral Appreciation Score of 50 but a good Power Rating of 84, producing the Highest Value Trend Rating.

Rating Review

In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.

About John Lafferty 79010 Articles
During his career, John has developed valuation and stock rating methodologies, managed institutional portfolios and mutual funds, and provided equity research to institutional investors on thousands of companies. He has been Director of Research at PTR since its inception in 2004.

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