Marvell Technology Group News
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Analysts' Corner announced new research reports highlighting Broadcom Corp., Marvell Technology Group, Camtek, SunEdison Inc., and Semtech Corp. According to the company, readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings.
The stock has almost doubled so far this year, despite a possible $1.17 billion fine related to a patent infringement lawsuit by Carnegie Mellon University.
Marvell (NASDAQ: MRVL today announced that Brad D. Feller, Marvell's Interim Chief Financial Officer, has advised Marvell of his intention to resign from his position to pursue other opportunities.
Equity Profile Report expands its NASDAQ Gainers Weekly Watch List adding Celgene Corporation and Marvell Technology Group Ltd. .
This bull market is rewarding tech stocks in high-growth areas such as mobile, storage, big data and social media.
"There weren't a whole lot of headlines out this morning, but we saw the market once again show its strength, and the slow and steady uptrend continues to chug along," said Schaeffer's Senior Equity Analyst Joe Bell, CMT.
In addition, Jefferies and Roth Capital each increased their price targets for the stock.
Shares of Marvell are up nearly 5 percent in Thursday's post-market session following a third-quarter 2014 earnings beat and solid fourth-quarter guidance.
Chipmaker Marvell Technology Group Ltd forecast quarterly revenue above analysts' estimates, helped by higher sales to flash drive and mobile and wireless device makers, sending its shares up 5.5 percent in extended trading.
Pandora Media Inc. shares fell in after-hours trading Thursday, while Splunk and Marvell Technology shares rose after their earnings reports.
Marvell Technology Group Ltd. updated its fourth quarter earnings guidance on Thursday.
Marvell Technology Group released its earnings data on Thursday. The company reported $0.32 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.25 by $0.07, Analyst Ratings Net reports.
A former Marvell Technology Group Ltd employee will pay $60,000 to settle civil charges that he offered insider tips to a hedge fund manager with ties to Galleon Group , U.S. regulators said Thursday.