Marvell Technology Group Ltd. (MRVL) CEO Matt Murphy on Q3 2021 Results – Earnings Call Transcript

Marvell Technology Group Ltd. (NASDAQ:MRVL) Q3 2021 Earnings Conference Call December 3, 2020 4:45 PM ET

Company Participants

Ashish Saran – VP, IR

Matt Murphy – President and CEO

Jean Hu – CFO

Conference Call Participants

Toshiya Hari – Goldman Sachs

Vivek Arya – Bank of America Merrill Lynch

Timothy Arcuri – UBS

C. J. Muse – Evercore

Blayne Curtis – Barclays

John Pitzer – Credit Suisse

Ross Seymore – Deutsche Bank

Tore Svanberg – Stifel

Harlan Sur – JP Morgan

Christopher Rolland – Susquehanna

Srini Pajjuri – SMBC

Operator

Ladies and gentlemen, thank you for standing by, and welcome to the Q3 Fiscal 2021 Marvell Technology Group Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today’s conference is being recorded. [Operator Instructions]

I would now like to hand

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Marvell Technology Group (MRVL) Catches Eye: Stock Jumps 8.8%

Marvell Technology Group Ltd. MRVL was a big mover last session, as the company saw its shares rise nearly 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $36.89 to $44.70 in the past one-month time frame.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Marvell Technology Group currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.  
 

Marvell Technology Group Ltd. Price

Marvell Technology Group Ltd. Price

Marvell Technology Group Ltd. price |

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