|Bid||83.42 x 1000|
|Ask||83.69 x 800|
|Day's range||80.50 - 88.47|
|52-week range||37.92 - 88.49|
|Beta (5Y monthly)||1.08|
|PE ratio (TTM)||N/A|
|Earnings date||01 Mar 2022 - 07 Mar 2022|
|Forward dividend & yield||0.24 (0.33%)|
|Ex-dividend date||07 Oct 2021|
|1y target est||69.04|
Shares of Marvell Technology (NASDAQ: MRVL) jumped on Friday after the chipmaker delivered better than expected fiscal 2022 third-quarter results. As of 3:20 p.m. ET, Marvell's stock price was up more than 17%. Revenue in Marvell's data center and automotive/industrial divisions more than doubled, while sales in its enterprise networking, carrier infrastructure, and consumer segments increased 56%, 28%, and 20%, respectively.
Robust year-over-year growth in Marvell's (MRVL) Q3 top and bottom lines reflect solid demand for its chip in the data center end market and contributions from all other end markets.
At first glance, the stock market might have seemed ready for a bit of a break on Friday morning. Futures contracts on the Nasdaq Composite (NASDAQINDEX: ^IXIC) were up just 6 points to 15,995 in a sign of the relative calm on Wall Street on the last day of what's been a crazy week. DocuSign (NASDAQ: DOCU) investors were awash in share-price losses following the electronic document management specialist's latest financial report, while shareholders in Marvell Technology (NASDAQ: MRVL) were having big celebrations.