Solid Second-Quarter Results Overshadowed by Weaker Near-Term Guidance; Shares Remain Overvalued
Marvell showed signs of progress in its latest quarterly results, stemming from stabilization in the storage and networking markets. Furthermore, seasonal ramps of the latest game consoles from Microsoft and Sony that use the firm’s Wi-Fi chips buoyed the wireless segment. We note Marvell remains immersed in its restructuring efforts under new management, and the firm was reluctant to provide any longer-term forecasts or color on strategic endeavors. Shares fell following the earnings release, p...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.
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.
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