Fly News Breaks for March 5, 2020
Mar 5, 2020 | 09:10 EDT
Jefferies analyst Mark Lipacis noted that Marvell (MRVL) beat expectations, raised guidance and noted new design wins with Nokia (NOK) and Samsung (SSNLF). The analyst, who expects Marvell to be a primary beneficiary of the 5G network buildout, reiterates a Buy rating and $32 price target on the shares following the company's beat and raise report.
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