Marvell Technology and ServiceNow remain cheap relative to long-term targets despite stock price plunges
- 1Marvell Technology's stock price fell approximately 13% on October 29.
- 2Marvell Technology officially announced the acquisition of Lumenum at an enterprise value of $115 billion, including debt, based on October 28 prices.
- 3ServiceNow is expected to see 21.5% growth in subscription revenue on a constant currency basis for the fourth quarter.
So what's the key point?
Marvell Technology's stock price dropped about 13% following news of its acquisition of Lumenum. However, the price remains low compared to the long-term target prices predicted by experts.
Source The Motley Fool +1 · View original ↗
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