SANTA CLARA, Calif., October 5, 2019 – Shares of Marvell Technology Group Ltd. (NASDAQ: MRVL) inclined 2.20% to $24.43. The stock traded total volume of 7.506M shares lower than the average volume of 8.22M shares.
Marvell Technology Group Ltd. (MRVL) reported revenue of $661.0M for the first quarter of fiscal 2k20, which exceeded the midpoint of the Company’s guidance offered on March 7, 2k19.
GAAP net loss for the first quarter of fiscal 2020 was $48.0M, or $(0.07) per diluted share. Non-GAAP net income for the first quarter of fiscal 2020 was $105.0M, or $0.16 per diluted share. Cash flow from operations for the first quarter was $166.0M.
MRVL has the market capitalization of $16.45B and its EPS growth ratio for the past five years was -20.00%. The return on assets ratio of the Company was -4.20% while its return on investment ratio stands at -1.50%. Price to sales ratio was 5.64 while 97.82% of the stock was owned by institutional investors.