Marvell Technology Group (MRVL) Given Media Sentiment Score of 0.27
Media headlines about Marvell Technology Group (NASDAQ:MRVL) have been trending positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Marvell Technology Group earned a media sentiment score of 0.27 on Accern’s scale. Accern also gave news articles about the semiconductor company an impact score of 45.6825506206697 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- Why You Shouldn’t Bet Against Marvell Technology Group (MRVL) Stock (zacks.com)
- Why You Shouldn't Bet Against Marvell Technology Group (MRVL) Stock (finance.yahoo.com)
- Marvell Technology Group Ltd. – Value Analysis (NASDAQ:MRVL) : September 1, 2017 (finance.yahoo.com)
- Marvell Technology Group Ltd. (MRVL) held by 44 SEC 13F Filers (topactu.net)
- Marvell Technology Group Ltd. (MRVL) has a value of $17.05 per share While International Business Machines … – Stocks Gallery (stocksgallery.com)
Several research analysts have issued reports on MRVL shares. CIBC upgraded Marvell Technology Group from a “market perform” rating to an “outperform” rating in a research report on Friday, May 26th. BidaskClub cut Marvell Technology Group from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. Jefferies Group LLC reiterated a “hold” rating and issued a $18.50 price objective (down previously from $19.00) on shares of Marvell Technology Group in a research report on Thursday, August 24th. Needham & Company LLC reiterated a “buy” rating and issued a $21.00 price objective on shares of Marvell Technology Group in a research report on Thursday, August 24th. Finally, TheStreet upgraded Marvell Technology Group from a “c” rating to a “b” rating in a research report on Thursday, May 25th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $18.93.
Shares of Marvell Technology Group (NASDAQ MRVL) opened at 17.85 on Friday. Marvell Technology Group has a 52 week low of $12.03 and a 52 week high of $18.18. The firm has a 50-day moving average price of $16.11 and a 200-day moving average price of $16.10. The firm has a market capitalization of $8.94 billion, a price-to-earnings ratio of 34.59 and a beta of 1.10.
Marvell Technology Group (NASDAQ:MRVL) last issued its earnings results on Thursday, August 24th. The semiconductor company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by $0.03. Marvell Technology Group had a net margin of 10.97% and a return on equity of 9.94%. The firm had revenue of $604.75 million during the quarter, compared to analysts’ expectations of $600.76 million. During the same quarter last year, the firm earned $0.18 EPS. The business’s revenue for the quarter was up 16.4% compared to the same quarter last year. On average, equities analysts expect that Marvell Technology Group will post $1.12 earnings per share for the current fiscal year.
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About Marvell Technology Group
Marvell Technology Group Ltd. is a semiconductor provider of application-specific standard products. The Company is engaged in the design, development and sale of integrated circuits. The Company develops System-on-a-Chip (SoC) devices. It also develops integrated hardware platforms along with software that incorporates digital computing technologies designed and configured to provide an optimized computing solution.
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