FMP
Aug 28, 2021 2:08 AM - Davit Kirakosyan
Marvell Technology, Inc. (NASDAQ: MRVL), a company designing chips for storage and data infrastructure, reported its Q2/2022 earning results on Thursday. The company posted a record quarterly revenue of $1.076 billion (48% growth y/y), beating the consensus estimates. As mentioned by the company’s President and CEO Matt Murphy, Marvell’s quarterly growth was driven by data center, now representing 40% of the company’s total revenue.
According to the analysts at Oppenheimer, who raised their price target on the company’s shares to $75 from $70 today, the company is benefiting from several recent acquisitions, in particular (1) CAVM expanded Marvell’s networking portfolio from legacy PHYs and switches to processors, (2) AQ bolstered with automotive connectivity bringing multi-gig PHYs into the mix, (3) Avera added 5G DFE content and custom ASIC.
An important update from the company during the call was the clarity it is going to provide on the end-market drivers of its growth. Instead of reporting revenues for its 3 end markets (networking, storage, and other), Marvell is going to provide for 5, which are data center, carrier infrastructure, enterprise networking, consumer, and automotive/industrial.
Analysts at Deutsche Bank believe that this transparency will give investors greater confidence in the depth, breadth and sustainability of Marvell’s growth opportunities.
Sep 11, 2023 1:38 PM - Rajnish Katharotiya
Price to Earnings is one of the key metrics use to value companies using multiples. The P/E ratio and other multiples are relative valuation metrics and they cannot be looked at in isolation. One of the problems with the P/E metric is the fact that if we are in the peak of a business cycle, earni...
Sep 11, 2023 1:49 PM - Rajnish Katharotiya
Price-to-Earnings ratio is a relative valuation tool. It is used by investors to find great companies at low prices. In this post, we will build a Python script to calculate Price Earnings Ratio for comparable companies. Photo by Skitterphoto on Pexels Price Earnings Ratio and Comparable Compa...
Oct 17, 2023 3:09 PM - Davit Kirakosyan
Shares of VMware (NYSE:VMW) witnessed a sharp drop of 12% intra-day today due to rising concerns about China's review of the company's significant sale deal to Broadcom. Consequently, Broadcom's shares also saw a dip of around 4%. Even though there aren’t any apparent problems with the proposed solu...