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MRVL
Benzinga
3 hrs

These Analysts Slash Their Forecasts On Marvell Technology Following Q2 Results

1. MRVL beat Q2 earnings but missed revenue expectations. 2. Third-quarter guidance is below analyst estimates. 3. CEO expects continued growth and margin expansion. 4. Analysts adjusted price targets, mostly lowering them. 5. MRVL shares rose 3.3% to $77.23 post-earnings.

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FAQ

Why Bearish?

Despite beating earnings, guidance and target cuts suggest potential future decline. Past examples show stocks often struggle when guidance is lower than market expectations.

How important is it?

The article provides crucial earnings and guidance data impacting investor sentiment and future performance.

Why Short Term?

Expect immediate market reaction due to weak guidance. Historical trends indicate stock price impact typically occurs after earnings announcements.

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