Marvell Technology Earnings To Be Soft, Says Deutsche Bank

Deutsche Bank on Monday previewed Marvell Technology Group Ltd. MRVL as the semiconductor producer is expected to report fourth quarter results on Thursday, February 19. Currently, Deutsche Bank rates Marvell Technology as a Hold with a price target of $14.00. Analysts Ross Seymore, Matt Diamond, Sidney Ho and JiHyung Yoo give 3 catalysts for Marvell Technology ahead of its earnings call.
  1. Estimate Mobile & Wireless revenue of $232 million, down 9 percent from the previous quarter due to seasonal declines and weak China smartphone shipments. Earnings are expected to be in line or slightly lower than guidance.
  2. There is risk to future guidance based on worldwide declining storage demand and M&W seasonality.
  3. Google Inc.'s GOOGL Project Ara in developing reference designs with its ARMADA PXA1928 communications processor, and remains committed to growing its China smartphone business.
Marvell Technology Group is currently priced at $16.59.
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Posted In: Analyst ColorReiterationAnalyst RatingsDeutsche BankJiHyung YooMatt DiamondRoss SeymoreSidney Ho
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