Gains

Marvell Technology (MRVL) Gains But Lags Market: What You Should Know

Marvell Technology (MRVL) closed at $30.70 in the latest trading session, marking a +0.99% move from the prior day. This move lagged the S&P 500’s daily gain of 1.48%. At the same time, the Dow added 2.21%, and the tech-heavy Nasdaq gained 0.77%.

Investors will be hoping for strength from MRVL as it approaches its next earnings release. In that report, analysts expect MRVL to post earnings of $0.14 per share. This would mark a year-over-year decline of 12.5%. Our most recent consensus estimate is calling for quarterly revenue of $676.13 million, up 2.06% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of $0.85 per share and revenue of $2.96 billion, which would represent changes of +28.79% and +9.58%, respectively, from the prior year.

Investors might also notice recent changes to analyst estimates for MRVL. These recent revisions tend to reflect the evolving

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