Report
Abhinav Davuluri
EUR 101.80 For Business Accounts Only

Marvell Details Long-Term Plans at Investor Meeting; No Change to Fair Value Estimate of $10

On Friday, March 10, Marvell held its first investor meeting in over a year, at which its relatively new management provided its initial long-term plan for the firm. We came away from the presentations with our overall thesis intact, as we believe the firm’s exposure to hard-disk drives remains a significant headwind that will mostly offset growth drivers in solid-state drives, networking, and connectivity areas. Nevertheless, we applaud the firm’s ongoing restructuring efforts, as the company p...
Underlying
Marvell Technology Group Ltd.

Marvell Technology Group is a semiconductor provider of application-specific products. The company is focused on the development of System-on-a-Chip devices, utilizing its technology portfolio of intellectual property in the areas of analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. The company develops integrated hardware platforms along with software that incorporates digital computing technologies. In storage, the company is engaged in fibre channel products and data storage controller solutions spanning cloud, enterprise, edge and personal computing markets. The company's networking products include ethernet solutions, embedded processors and WiFi connectivity solutions.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Abhinav Davuluri

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