FMP
May 31, 2024 4:48 PM - Davit Kirakosyan
Marvell Technology (NASDAQ:MRVL) experienced a 12% drop intra-day today despite announcing better-than-expected first-quarter results for 2025.
The company reported earnings per share (EPS) of 24 cents and revenues of $1.16 billion, representing a 12% decline compared to the same period last year. Despite the year-on-year decrease, revenues exceeded the mid-point of the company's guidance provided in March 2024 by $11 million.
Marvell's CEO Matt Murphy highlighted that Q1 revenue was bolstered by higher-than-anticipated demand from the AI sector. The company's data center revenue increased by 87% year-over-year, driven by the launch of their custom AI programs and a strong base in electro-optics revenue.
Murphy expressed optimism for the second half of the fiscal year, anticipating continued growth in data centers and the start of a recovery in enterprise networking and carrier infrastructure.
Jan 16, 2024 4:18 PM - Samuel Abdelshahid
In the hustle and bustle of the trading world, having a trustworthy laptop is like having a reliable partner by your side. Making well-informed decisions and staying ahead of market trends become second nature with the right device. However, the quest for a budget-friendly trading laptop t...
Jan 21, 2024 4:00 AM - Parth Sanghvi
Introduction: In the world of financial analysis, a profound grasp of essential profitability metrics is vital. This blog delves into three pivotal metrics—ROE (Return on Equity), ROA (Return on Assets), and Net Profit Margin—offering clear insights without unnecessary complexity. Exploring RO...
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...