Sponsored Links 
MRVL Downgraded
An analyst downgrade led to a more than 6.6% decline in shares of Marvell Technology (MRVL - Snapshot Report) on Tuesday. According to news reports, a couple of the reasons for the downgrade include slower growth and the possibility that MRVL was beat out for a design deal with Research In Motion (RIMM - Analyst Report).
Despite today’s drop, investors should pay more attention to earnings estimate revisions since they are a much better indicator than brokerage upgrades or downgrades. That being said, MRVL is a Zacks #1 Rank company with earnings estimates for this fiscal year that have increased 4.8% in just the past 7 trading days. Furthermore, analysts expect next year’s earnings per share to top this year’s by as much as 23%.
MRVL’s fiscal second-quarter report later this week will be a much better indicator for the company’s health and potential. At the moment, analysts expect 14 cents per share for the quarter, which marks a penny advance in the past 7 days.
 |
 |
 Share |
 RSS |
 Rate Pos |
 Rate Neg |
 Comment |
|
|
||||||
Loading Stories...Related Content
Loading Stories...Most Popular on Zacks.com
0.20 %
More Zacks Resources
Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.
Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.
Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.
My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.
More Zacks Links
| Market Summary | Nov 08, 2009 14:16 pm ET |
Sponsored Links
[CLICK TO CLOSE X]