Is Marvell Technology Group Ltd. (MRVL) Worth Buying Sometime?

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Marvell Technology Group Ltd. (NASDAQ:MRVL)’s businesses seem to be improving and if management provides further evidence that the recovery is set to continue, then it should continue its fantastic run going forward. However, competition is really stiff and the company’s rich valuation (21 times trailing earnings) doesn’t make it a buy at current levels.

But, if the stock plunges for any reason post earnings and if the valuation comes down to reasonable levels, then Marvell might become an attractive stock to buy, provided its businesses are really showing signs of promise. For the complete analysis of Marvell’s upcoming results and its probable direction going forward, check back this space again next week.

Harsh Chauhan has no position in any stocks mentioned. The Motley Fool owns shares of Qualcomm

The article An Opportunity May Arise if This Stock Crashes Post Earnings originally appeared on Fool.com.

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