Marvell Technology, Inc. (MRVL)
Market Cap | 61.38B |
Revenue (ttm) | 5.51B |
Net Income (ttm) | -933.40M |
Shares Out | 866.00M |
EPS (ttm) | -1.08 |
PE Ratio | n/a |
Forward PE | 48.56 |
Dividend | $0.24 (0.34%) |
Ex-Dividend Date | Apr 11, 2024 |
Volume | 12,244,591 |
Open | 71.80 |
Previous Close | 72.31 |
Day's Range | 70.53 - 72.58 |
52-Week Range | 36.90 - 85.76 |
Beta | 1.50 |
Analysts | Strong Buy |
Price Target | 86.93 (+22.64%) |
Earnings Date | Mar 7, 2024 |
About MRVL
Marvell Technology, Inc., together with its subsidiaries, provides data infrastructure semiconductor solutions, spanning the data center core to network edge. The company develops and scales complex System-on-a-Chip architectures, integrating analog, mixed-signal, and digital signal processing functionality. It offers a portfolio of Ethernet solutions, including controllers, network adapters, physical transceivers, and switches; single or multiple core processors; and custom application specific integrated circuits. The company also provides el... [Read more]
Financial Performance
In 2023, MRVL's revenue was $5.51 billion, a decrease of -6.96% compared to the previous year's $5.92 billion. Losses were -$933.40 million, 470.9% more than in 2022.
Financial StatementsAnalyst Forecast
According to 29 analysts, the average rating for MRVL stock is "Strong Buy." The 12-month stock price forecast is $86.93, which is an increase of 22.64% from the latest price.
News
It's time to buy the next leg of the AI story. Think global, says Citi, offering these stock picks.
That was Federal Reserve Gov. Chris Waller pounding the table over the need for patience on interest rate cuts in a much-anticipated speech on Wednesday night.
Buy Marvell stock ($MRVL) ahead of its AI presentation – analyst says
Marvell Technology Inc (NASDAQ: MRVL) has gained some 20% since the start of 2024 but a Citi analyst is convinced it can extend its rally further in the coming months.
Marvell Launches Products, Technology and Partnerships at OFC 2024 to Scale Optical Technology for Accelerated Infrastructure
Marvell to showcase connectivity optimized for diverse architectures and use cases to meet exploding demand for bandwidth SANTA CLARA, Calif. , March 26, 2024 /PRNewswire/ -- Marvell Technology, Inc. ...
Marvell Announces Industry's First 5nm Transmit-Only 800G PAM4 Optical DSP for AI and Cloud Interconnects
Spica Gen2-T adds to the Marvell industry-leading portfolio of 800 Gbps DSPs, the most widely deployed optical DSPs in cloud data centers and AI clusters. Based on Spica Gen2, Spica Gen2-T enables the...
Marvell Doubles Reach of 800 Gbps ZR/ZR+ Pluggable Modules with PCS, Expands Ecosystem for COLORZ® 800
Demonstrates industry's first probabilistic constellation shaping (PCS) capable 800 Gbps ZR/ZR+ small form factor pluggable module at OFC 2024. Arista showcasing latest 51.2 Tb/s switch platform with ...
Marvell Extends 1.6T Connectivity Leadership With Industry's First PAM4 Optical DSP Integrating 200 Gbps Electrical and Optical Interfaces
New Nova 2 PAM4 optical DSP enables greater performance and bandwidth density to optimize AI and cloud infrastructure SANTA CLARA, Calif. , March 25, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NAS...
Marvell Demonstrates Industry's First 200G 3D Silicon Photonics Engine to Scale Accelerated Infrastructure
Marvell 3D Silicon Photonics Engine is designed to enable higher density, lower power optical interconnects for next-generation AI clusters and cloud data centers. The industry's first SiPho Engine wi...
Marvell Technology, Inc. Declares Quarterly Dividend Payment
SANTA CLARA, Calif., March 15, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), today announced a quarterly dividend of $0.06 per share of common stock payable on May 1, 2024 to sharehold...
Buy Marvell on AI and data center demand, Tematica Research CIO explains
As part of the latest installment of Yahoo Finance's Good Buy or Goodbye, Tematica Research Chief Investment Officer Chris Versace joins Julie Hyman to give his takes on chip stock Marvell Technology ...
This Analyst With 87% Accuracy Rate Sees More Than 20% Upside In Broadcom - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts - Broadcom (NASDAQ:AVGO), CrowdStrike Holdings (NASDAQ:CRWD)
U.S. stocks closed lower on Friday, following the release of jobs data for the month of February. All three major indices closed the week lower, with the S&P 500 falling 0.26% and the blue-chip Dow de...
Broadcom (AVGO) A.I. Outperforms, Marvell (MRVL) Slumps
Broadcom (AVGO) posts an earnings beat as it's A.I. segment outperforms.
Marvell Technology Stock Slips on Q1 Profit, Revenue Outlook
Shares of Marvell Technology (MRVL) slipped 7% Friday, a day after the maker of integrated circuits posted a weaker-than-expected first-quarter outlook as soaring demand for artificial intelligence (A...
Marvell Optical CTO Dr. Radha Nagarajan Awarded 2024 David Richardson Medal from Optica
30-year optical veteran recognized as outstanding innovator and mentor SANTA CLARA, Calif. , March 8, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semi...
Marvell Technology's Forecast Wasn't Great. Analyst Says ‘Buy on Weakness.
Investors were disappointed with the financial guidance, while analysts channeled a more long-term and upbeat view.
Chip firm Marvell tumbles as AI demand fails to lift forecast
Chip firm Marvell Technology fell 6% in premarket trading on Friday after its soft forecast showed that a jump in orders for its AI networking equipment was offset by the ongoing slump in demand from ...
Nvidia Stock Extends Its Run Higher. Broadcom and Marvell Shares Fall After Earnings.
Nvidia stock extends a spectacular run that has seen it quadruple in value over the past 12 months.
Marvell Technology stock slips on disappointing Q1 outlook
Marvell Technology (MRVL) reported fourth-quarter results that were in line with Wall Street expectations. Adjusted earnings per share of $0.46 matched the $0.46 estimate.
Marvell Technology Gives a Weak Outlook. The Chip Stock Tanks.
The company's shares fell 10.2% to $76.41 in post-market trading following earnings.
Marvell Technology forecasts first-quarter revenue below estimates
Chipmaker Marvell Technology forecast first-quarter revenue below market expectations on Thursday, hurt by weak demand for its custom chips used in artificial intelligence applications.
Marvell Announces Accelerated Infrastructure for the AI Era Event
SANTA CLARA, Calif. , March 7, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today announced it will host its Accelerated Infra...
Marvell Technology, Inc. Reports Fourth Quarter and Fiscal Year 2024 Financial Results
Q4 Net Revenue: $1.427 billion, grew by 1% year-on-year Q4 Gross Margin: 46.6% GAAP gross margin; 63.9% non-GAAP gross margin Q4 Diluted income (loss) per share: $(0.45) GAAP diluted loss per share; $...
Marvell Announces $3 Billion Stock Repurchase Authorization
SANTA CLARA, Calif. , March 7, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today announced that its Board of Directors has au...
Nvidia, Chip Stocks Could Hit an Air Pocket Soon, Says Analyst
Mizuho analyst Jordan Klein is cautious about the persistent gains of chip stocks. He sees year-end prices higher than now, but warns profit-taking in the near term could weigh on stocks.
Marvell Announces Industry's First 2nm Platform for Accelerated Infrastructure Silicon
Marvell extends its longstanding partnership with TSMC to 2nm manufacturing. 2nm building blocks and foundational IP to boost the performance and efficiency of cloud-optimized silicon for accelerated ...
Marvell to Showcase Carrier Infrastructure at MWC 2024
Industry-leading compute and connectivity products advancing 5G networks BARCELONA, Spain , Feb. 26, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semic...