|Bid||83.42 x 1400|
|Ask||83.69 x 1200|
|Day's range||80.50 - 88.47|
|52-week range||37.92 - 88.49|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Earnings date||01 Mar 2022 - 07 Mar 2022|
|Forward dividend & yield||N/A (N/A)|
|1y target est||79.00|
Marvell Technology, Inc. ( NASDAQ:MRVL ) shareholders will have a reason to smile today, with the analysts making...
Shares of Marvell Technology (NASDAQ: MRVL) jumped on Friday after the chipmaker delivered better than expected fiscal 2022 third-quarter results. As of 3:20 p.m. ET, Marvell's stock price was up more than 17%. Revenue in Marvell's data center and automotive/industrial divisions more than doubled, while sales in its enterprise networking, carrier infrastructure, and consumer segments increased 56%, 28%, and 20%, respectively.
Robust year-over-year growth in Marvell's (MRVL) Q3 top and bottom lines reflect solid demand for its chip in the data center end market and contributions from all other end markets.