Marvell Technology Group (NASDAQ: MRVL) -Two Stocks Offering Great Opportunities - Part2

Marvell Technology Group (NASDAQ: MRVL) -Two Stocks Offering Great Opportunities - Part2 In our previous article, we reviewed Cirrus Logic (NASDAQ: CRUS) as the first episode of our series titled Two Stocks Offering Great Opportunities. Now, let's take a look at our other company that we thought you were looking forward to and which offers a great earning opportunity for investors. 2-Marvell Technology Group (NASDAQ: MRVL) Marvell Technology Group shares continue to gain rapidly in value. This offers investors an excellent timing to buy Marvell. Recent data show that the Company has achieved rapid growth in terms of revenue and earnings. The Company reached its highest level in the fourth quarter of fiscal year 2021, with an annual increase of 11 %. Earnings per share, which was $ 0.17 the previous year, rose to $ 0.29 last quarter. Marvell's guidance indicates that he will step on the gas in the new fiscal year. Compared to the previous year, the company's revenue increased by over 15 % and earnings per share increased by 50%. Analysts predict that gains will continue to improve in the next fiscal year, and Marvell will deliver strong double digit revenue and earnings gains. In addition, it is thought that Marvell will be able to achieve higher growth rates this year thanks to the businesses in which it operates.

Marvell Technology Group (NASDAQ: MRVL) -Two Stocks Offering Great Opportunities - Part2

Growth rates show that the demand for the network segment, 5G wireless networks and cloud computing, which accounts for 55 % of the company's total revenue, is constantly increasing. The networking business saw revenue growth of 22 % last year. The increase is expected to be even better this year, thanks to Marvell's relationships with key original equipment manufacturers (OEMs) launching its 5G network infrastructure. As an example of companies using Marvell's 5G chips, we can cite Nokia. Marvell's CEO Matt Murphy said at the latest earnings conference call that they expect Nokia to use more content this year than in previous years. Marvell says it expects additional content from the other network customer as well. This statement brings to mind Samsung, which has purchased multiple generations of 5G baseband processors from the company. All these reasons clearly show why Marvell Technology is a stock worth buying and selling right now. Marvell Technology Group (NASDAQ: MRVL) -Two Stocks Offering Great Opportunities - Part2  

Source: The Motley Fool