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MARVELL TECHNOLOGY, INC.

(MRVL)
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Marvell Technology : Named a Best Place to Work in Silicon Valley

05/10/2021 | 07:03am EDT

Marvell (NASDAQ: MRVL) is pleased to announce it has placed 7th overall in the Best Places to Work 2021 largest company category at the annual awards program produced by the San Francisco Business Times and Silicon Valley Business Journal.

Marvell was also recognized with a ranking of #4 in its category for Workplace Wellness. Marvell was selected for inclusion on this year's list based on survey responses by its employees, who highlighted the company's exceptional leadership, culture, management practices, corporate benefits, opportunities for professional growth, and focus on health and wellness, among other key traits.

'We are extremely proud to be named a Best Place to Work. This award is truly a reflection of Marvell's culture and the values we work hard to promote every day,' said Matt Murphy, president and CEO, Marvell. 'What makes this honor so special is that it recognizes companies that received the highest ratings from their employees. Marvell's emphasis on employee engagement, wellness, work-life balance, and career development has fostered an environment where employees can do their best work with pride.'

To address the evolving needs of employees, Marvell implemented several innovative programs in 2020:

For mental health, Marvell implemented a robust program for employees and dependents, providing coaching, counseling and a platform of self-guided courses and meditations.

To promote at-home fitness, Marvell announced a monthly reimbursement for virtual fitness subscriptions. Employees were also provided a one-time stipend for furnishing at-home offices to ensure proper ergonomics.

Marvell implemented a charitable matching program to support those disproportionately affected as a result of COVID-19, as well as to organizations whose mission it is to fight racism and discrimination in our communities.

Marvell also provided quarterly, four-day 'recharge weekends' for employees worldwide to address the stress and anxiety many employees felt throughout 2020.

The 2021 Bay Area Best Places to Work rankings and winners can be found at https://www.bizjournals.com/sanjose/best-places-to-work

About Marvell

To deliver the data infrastructure technology that connects the world, we're building solutions on the most powerful foundation: our partnerships with our customers. Trusted by the world's leading technology companies for 25 years, we move, store, process and secure the world's data with semiconductor solutions designed for our customers' current needs and future ambitions. Through a process of deep collaboration and transparency, we're ultimately changing the way tomorrow's enterprise, cloud, automotive, and carrier architectures transform-for the better.

Marvell and the M logo are trademarks of Marvell or its affiliates. Please visit www.marvell.com for a complete list of Marvell trademarks. Other names and brands may be claimed as the property of others.

(C) 2021 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2022 4 214 M - -
Net income 2022 -244 M - -
Net Debt 2022 3 168 M - -
P/E ratio 2022 -282x
Yield 2022 0,50%
Capitalization 44 474 M 44 474 M -
EV / Sales 2022 11,3x
EV / Sales 2023 9,31x
Nbr of Employees 5 313
Free-Float 99,7%
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Technical analysis trends MARVELL TECHNOLOGY, INC.
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Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 30
Average target price 59,00 $
Last Close Price 54,27 $
Spread / Highest target 29,0%
Spread / Average Target 8,72%
Spread / Lowest Target -26,3%
EPS Revisions
Managers and Directors
NameTitle
Matthew J. Murphy President, Chief Executive Officer & Director
Jean X. Hu Chief Financial Officer
Richard S. Hill Chairman
Chris Koopmans Chief Operating Officer
Mitchell L. Gaynor Secretary, Chief Administration & Legal Officer
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