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Stock impact report

Marvell (MRVL) Expands Role in Cloud Infrastructure and Semiconductor Innovation [Yahoo! Finance]

Marvell Technology, Inc. (MRVL) 
Last marvell technology, inc. earnings: 3/4 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: marvell.com/company/investor_relations
Company Research Source: Yahoo! Finance
on Marvell Technology, Inc. (NASDAQ:MRVL) with an Outperform rating. The firm set a $105 price target on the shares citing Marvell's dominance in the data center market. According to Srini Pajjuri, the lead analyst, Marvell appears to have robust orders for the AWS Trainium3 chip program. Pajjuri also noted that the company's recent Celestial acquisition and warrant agreement suggest it is likely to remain a key application-specific integrated circuit (ASIC) supplier for Trainium4. In fewer words, Pajjuri is of the opinion that Marvell's business, particularly the optical segment, is on solid footing. The analyst also touched on Marvell's valuation, stating that “valuation is at a 25% discount to peers.” As a result, the firm is of the opinion that Marvell's risk/reward is attractive. Independent of the analyst action, on January 6, Marvell announced its intent to acquire XConn Technologies, a specialist in advanced PCIe and CXL switching silicon. The company said the move shoul Show less Read more
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