Oppenheimer analyst Rick Schafer reiterates an Outperform rating with a $30 price target on Marvell Technology Group (MRVL) following last night's fiscal Q3 results. The January quarter sales miss was greater than we expected, though margin improvement and cost control kept earnings stable, Schafer tells investors in a research note. The reduced outlook was led by storage, which is unsurprising given the recent negative commentary from storage customers Western Digital (WDC), Seagate Technology (STX) and Toshiba, says the analyst. He continues to see the "strategic/accretive" acquisition of Cavium as the upside driver for the shares.