Marvell Technology, Inc. (NASDAQ:MRVL) Just Reported Earnings, And Analysts Cut Their Target Price
There’s been a notable change in appetite for Marvell Technology, Inc. (NASDAQ:MRVL) shares in the week since its second-quarter report, with the stock down 15% to US$62.87. Results were roughly in line with estimates, with revenues of US$2.0b and statutory earnings per share of US$0.22. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there’s been a strong change in the company’s prospects, or if it’s business as usual. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.
