Marvell Technology raised its fiscal 2028 revenue outlook to about $18 billion, signaling strong business momentum, yet its stock dropped over 30% recently due to concerns over dilution from an all-stock acquisition of Lumentum. Despite the selloff, Marvell's fiscal Q2 revenue grew 36.55%, beating estimates, with data center sales driving growth. Analysts remain bullish, with a consensus target above $330 and a 24/7 Wall St. price target of $244.16, implying nearly 42% upside. Risks include customer concentration and integration challenges, but fundamentals suggest the stock is undervalued and poised for recovery if execution continues well.
Marvell Technology shares gained 10.15% to USD 147.11 on Pluang, despite recent concerns about dilution from its acquisition of Lumentum. Lumentum itself rose 9.48% to USD 558.00 as of Nov 06, 2026 19:42 WIB, showing strong investor interest amid the ongoing integration process.
AMD is under pressure not only from Nvidia but also from Intel and Broadcom. Intel reported its strongest data center growth in 15 years, boosting demand for its Xeon server CPUs, directly competing with AMD's EPYC processors. Meanwhile, Broadcom's c...
Marvell Technology's stock fell 11.4% following rumors of a major acquisition deal with Lumentum, despite a strong 162% gain year-to-date. Analysts project that a $1,000 investment in Marvell could grow to about $1,549 by October 2030 under a base-ca...
Monteverde & Associates PC, a top-ranked class action law firm, is investigating the fairness of Lumentum Holdings Inc.'s proposed sale to Marvell Technology, Inc. Under the deal, Lumentum shareholders would receive 4.5 shares of Marvell stock for ea...
Optical networking stocks are recovering sharply, led by Coherent, which rose 6% before its critical earnings report expected on November 4. Despite this rebound, Coherent's stock is still down 37% over the past month, reflecting market caution. Appl...
Marvell Technology and Lumentum have seen a combined market value drop of over $91 billion following news of their potential merger talks. Despite the significant selloff, the decline in stock prices may not necessarily prevent the deal from moving f...
