Marvell Tech is due to report quarterly earnings after the closing bell. 19 analysts offer coverage on the stock, with estimates ranging from 9 to 14 cents (consensus is 11 cents). In the previous quarter, MRVL posted 14 cents, or 6 cents better than expectations. However, the stock gapped down on disappointing guidance for the fourth quarter and never recovered, down 30 percent since that time. Today, options volume is active and sentiment is mixed, with bullish sentiment at 52 percent heading into the numbers.
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Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.