Marvell Stock in 2017: Can It Keep Outperforming?
Although Marvell didn’t report record-high earnings, the gradual improvement in its overall situation pushed its stock up 68.7% in 2016.
In fiscal 4Q16, Marvell exited its mobile business, which reduced the Wireless segment’s revenue contribution to 18%.
Marvell’s new management looks to return a significant portion of its profits to shareholders in the form of dividends and share buybacks.
Marvell’s storage business is likely to witness seasonal weakness that should be slightly offset by Networking revenues.
Storage is Marvell’s biggest segment and accounts for 50% of its revenue.
Marvell keeps streamlining its R&D focus toward storage and networking solutions for the cloud, enterprises, and the automotive space.
Marvell (MRVL) sale of its G.hn business in Spain to MaxLinear is part of its restructuring plan and will likely impact revenues in fiscal 2Q18.
Marvell (MRVL) revenue is expected to fall by double digits in fiscal 4Q17 as it discontinues certain operations.
Marvell’s (MRVL) restructuring program will involve selling off non-strategic businesses.
Marvell (MRVL) will report its fiscal 4Q17 earnings on March 2, 2017, and these earnings should reflect its restructuring plan.
Verizon’s forward EV-to-EBITDA multiple was ~6.7x, which was higher than Sprint’s multiple of ~6.3x.
On February 17, 2017, the majority of analysts recommended a “hold” for Verizon (VZ) stock. These recommendations represented 69.7% of the 33 analysts covering the stock.
Sprint and T-Mobile, which are smaller than Verizon and AT&T, have aggressively promoted unlimited data plans in an effort to steal market share.
AT&T plans to offer a single-line unlimited data plan at $100 per month compared to $80 per month for Verizon and $60 per month for Sprint (S).
T-Mobile’s (TMUS) postpaid subscriber growth significantly outpaced that of its peers in the saturated US wireless space.
Verizon (VZ) is close to a revised deal to buy Yahoo’s core Internet business for about $300 million less than the original price of $4.8 billion.
Verizon’s (VZ) unlimited data plan has a 22 GB soft cap, similar to its competitors’ offerings.
After eliminating unlimited wireless data plans nearly five years ago, Verizon (VZ) reintroduced its Unlimited offering, with four-line pricing largely matching AT&T’s (T) pricing.
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