Hot Stock under Review: Marvell Technology Group Ltd. (NASDAQ: MRVL) – News Description

Hot Stock under Review: Marvell Technology Group Ltd. (NASDAQ: MRVL)

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.

About the Author

Donna Pate
Donna Pate
I am Donna Pate and I give “News Description” an insight into the most recent news hitting the “Technology” sector in Wall Street. I have been an independent financial adviser for over 11 years in the city and in recent years turned my experience in finance and passion for journalism into a full time role. I perform analysis of Companies and publicize valuable information for shareholder community. Address: 4140 Shadowmar Drive Metairie, LA 70006, USA Phone: (+1) 504-779-3428 Email: [email protected]

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