Tag Archives: MRVL

Forecast Report Update: MRVL Long Trade Up 8.7%; Short Trade Narrow Winner

 In last evening’s Forecast Report, Marvell Technology Group (MRVL) signaled a possible long play for early Friday from 18.71 up to 18.90. On the short side, evening action indicated a possible sell entry point from 19.25 to 19.10.

In Friday’s pre-market session, MRVL hit a pre-market low of 18.75. A buy there, as measured to the day session high of 20.38, is 8.7% in the black.

MRVL hit a pre-market high of 19.85. A sell there, as measured to the day low of 19.53, is 1.6% in the black. The stock did gain to 20.38 later in the regular session.

VIEW AFTER-HOURS FORECAST REPORTS

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Forecast Report Update: MRVL Long Trade Nets Quick 6.5%

In Thursday’s Forecast Report, Marvell Technology Group (MRVL) indicated an early Friday open near 17.20 to 17.40. From there, evening activity indicated that longs might try for potential entries near 17 to 17.30 early Friday.

MRVL opened near 17.00 and dipped briefly to 16.68. A long entry point at our target of 17.00, as measured to the pre-market high of 18.12, netted a quick 6.5%.

VIEW AFTER-HOURS FORECAST REPORTS

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Earnings Preview: Novell and Marvell Hint To Aggressive Widening Moves

 

novellThe coming week is a shortened one but not without a slew of news.   Investors will hear a number of economic reports including consumer confidence, gross domestic product and durable goods.  Also, a number of companies are slated to report quarterly results including TiVo Inc. (TIVO), Costco Wholesale Corporation (COST), and HJ Heinz Co. (HNZ).

Novell Inc. (NOVL) is slated report its fiscal second-quarter results after the bell Thursday, and analysts expect the company to post earnings of $0.06 per share, even with the same time last year, on revenue of $218 million, according to Reuters Estimates. 

Investors trading into earnings should know that this stock is a strong performer between the sessions, demonstrating a consistent tendency to follow through with more aggressive, same-direction next-day movement following its evening earnings events. It’s posted more robust next day trade following 15 of the last 20 after-hours earnings events we’ve tracked. In the near-term, the stock is maintaining its follow-on trend, adding to its after-hours performance in next-day trade in three of the past four quarters. 

Marvell Technology Group (MRVL) is due with its first-quarter results after the bell Thursday and is expected to report earnings of $0.04 per share, down from $0.24 a year ago, on revenue of $510.6 million. 

Marvell has a tendency to see its after-hours performance narrow or reverse course in next day trade, with only a few exceptions. In the near-term, the stock’s performance is shifting, the stock has widened in three of four quarters with the most recent quarter being the exception.  On March 3, the stock rallied 8.9% in after-hours trading after the company reported results that topped the Street.  The stock trimmed the gain slightly the following regular session, ending up 7.2%.

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Signals Show Investors May Want to Go Long This Week on Xilinx and Marvell

xilinxjpgStocks will likely continue to test their lows in the coming week after touching their lowest levels since 1997 this past week. Investors continued to get hammered with disappointing economic news including a weaker-than-expected gross domestic product and steep drop in existing home sales. Investors also digested Citigroup’s deal, in which the government and private investors will convert preferred stock into common shares.

As for earnings, Xilinx (XLNX) is scheduled to report fourth-quarter earnings after the bell Tuesday. Analysts surveyed by Thomson Reuters are expecting earnings per share of $0.15, down 56% from a year ago, on revenue of $365.7 million. Shares have leaned toward a pattern of widening price moves between the after-hours and regular session following 13 of its past 19 earnings-related events. In the near-term, the stock has widened its share move in three of the most recent four quarters.

Xilinx is shaping up to gain a following on either side of the trade after its earnings report. The stock has recorded an earnings-driven upside move in 12 of the last 19 quarters in MidnightTrader.com’s database. It posted a more aggressive upside move the next day in eight of those events. On the downside, Xilinx has recorded seven earnings-driven after-hours declines, and added to its downside move five times the next day.

Marvell Technology Group (MRVL) is due with its fourth-quarter results after the bell on Thursday, and analysts polled by Thomson Reuters are expecting the company to report a profit of a penny a share, down 95% from a year ago, on revenue of $510.9 million.

The stock has been trending toward widening its moves recently, doing so in three of the past four quarters. On December 2, the stock jumped 10.6% in after hours action and extended its gains the following regular session, ending up 20.4%.

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