JUMP REPORT
| Avg Daily Volume: 10,662,325 Market Cap: 14.87B Sector: Technology Short Interest: None |
EARNINGS EXPECTATIONS:
THIS QTR: EPS: .14/share REV: 678.7 /M
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LAST QTR: EPS: .16/share ACTUAL: .17/share (BEAT)
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NEXT QTR: EPS: .16/share REV: 688.6/M
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FULL YR: EPS: .86/Share REV: 2,960/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 50% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 14.2, -5.8, 2.76
EXPECTED JUMP MOVE: 10%
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*** With market volatility at extremes during the coronavirus pandemic there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before trading.
Links To Latest News and Headlines
Marvell Technology, Inc. (NASDAQ:MRVL) has moved to strengthen its prospects in the high-growth artificial intelligence infrastructure market. On May 19, the company confirmed a strategic partnership with NVIDIA Corporation (NASDAQ:NVDA) that paves the way for integration of NVIDIA’s NVLink Fusion technology into its custom cloud platform silicon solutions. Integrating NVLink Fusion technology will allow Marvell […]
Based on the average brokerage recommendation (ABR), Marvell (MRVL) should be added to one’s portfolio. Wall Street analysts’ overly optimistic recommendations cast doubt on the effectiveness of this highly sought-after metric. So, is the stock worth buying?
Nvidia announced it would make its NVLink technology available to other AI accelerators, such as custom ASICs made by cloud giants. At Computex in Taiwan last weekend, artificial intelligence (AI) GPU leader Nvidia (NASDAQ: NVDA) made a very interesting announcement: It will open up its NVLink technology to other chipsets besides those made by Nvidia, in a product called NVLink Fusion. Rather, Nvidia CEO Jensen Huang thinks whole servers or even complete racks can function as one “giant chip.”
What a brutal six months it’s been for Marvell Technology. The stock has dropped 30.6% and now trades at $62.33, rattling many shareholders. This might have investors contemplating their next move.
In the most recent trading session, Marvell Technology (MRVL) closed at $62.56, indicating a -1.88% shift from the previous trading day.
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