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Fly News Breaks for March 19, 2018
CAVM, MRVL
Mar 19, 2018 | 07:52 EDT
KeyBanc analyst Michael McConnell remains constructive on Marvell (MRVL) due to higher confidence in revenue growth this year, driven by networking and SSD controllers, which should also improve margins; design-win traction and sales momentum into data center customers; and higher networking and data center sales mix, gross-margin accretion, and multiple expansion from the pending Cavium (CAVM) acquisition. The analyst reiterates an Overweight rating and $29 price target on Marvell's shares.
News For MRVL;CAVM From the Last 2 Days
