Net sales are projected to advance 50.3% to $4.46 billion in 2022 and 46.7% to $6.1 billion in 2023. Nevertheless, Marvell recently announced that it has more than doubled Cloud Data Center Ethernet Switch Port Shipments over the year, reaching a record high market share of 31% in Q4 2021.ĭespite this poor performance, Marvell is expected to grow fast in the next two years, as demand for its cloud solutions remains sustained. Since the beginning of the year, MRVL stock dipped 33.72% to $59.20 per share, after investors dumped the growth stock. Marvell Technology (NASDAQ: MRVL) specializes in designing and marketing integrated communications and storage circuits intended for manufacturers of high-speed network equipment, hard disk, and consumer electronics. Image of the marvell (MRVL) technologies office campus Besides, some companies focus on growing revenues at any cost, which can be unproductive, especially in today’s equity market. Growth stocks are also associated with high risks, that can trigger powerful drawdowns if the companies miss market growth expectations. These stocks grow at a faster clip than their respective markets and can be great long-term investments. Growth stocks are often expensive in terms of valuation multiples, but if expectations are matched these stocks can generate sturdy capital gains. RingCentral ( RNG): RNG’s stock correction is an opportunity to get on board this leading cloud communication company.Ĭoinbase ( COIN): The cryptocurrency exchange underperformed its market and is expected to turn a profit in 2023, providing tailwinds for the stock
Zscaler ( ZS): Robust demand for cloud security solutions, will continue to sustain ZS’s rapid top-line growthīill.com ( BILL): The strong top-line growth expected this year and the constructive Wall Street analyst view could make this stock go parabolic in the next year.Ĭloudflare ( NET): The globally diversified cloud specialist has sufficient cash on hand and is enhancing EBITDA and bottom-line figures. Li Auto ( LI): With a solid cash position and a sturdy top-line growth, the electric vehicle stock is close to profitability, providing support for its shares. Marvell Technology ( MRVL): Strong cloud demand and growing market share make MRVL a great growth stock from current levels. As investors in recent months turned bearish momentum on growth stocks, several are at too-cheap levels, creating entry opportunities ahead of a parabolic move over the next year.
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