Marvell Technology Q4 2021 earnings preview
$Marvell Technology Group Ltd(MRVL.US)$ designs, develops, and markets integrated circuits for communications-related markets. The Company's products provide the interface between analog signals and the digital information used in computing and communications systems.
Robust chip demand positions Marvell well to deliver fiscal 4Q results ahead of its $785 million sales and 29-cent EPS guidance midpoint and issue a 1Q outlook that tops analyst estimates of $786 million and 27 cents.
Demand for Marvell's Octeon 5G chips may be strengthening, as China resumes its 5G rollout, which may provide an incremental boost to the company's outlook.
While we believe Marvell may be on a better than seasonal growth path in 2021, the chip supply constraints has intensified and gating factors on maximizing sales and delivering a stronger outlook.
-Woo Jin Ho, Bloomberg Analyst
Snowflake Q4 2021 earnings preview
$Snowflake Inc(SNOW.US)$ provides software solutions. The Company develops database architecture, data warehouses, query optimization, and parallelization solutions.
Snowflake's traction with enterprise customer additions coupled with healthy information technology spending may help the company sustain triple-digit top-line growth.
Customer growth may remain above 50% driven by a ramp-up in sales capacity while a steady upsell may keep its net retention rate above 150%, which is better than most cloud software peers.
Snowflake's non-GAAP gross margin, which has so far trailed peers, could improve to around 65% amid larger deployments and multiyear contracts with cloud providers.
-Mandeep Singh, Bloomberg Analyst
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Okta Q4 2021 earnings preview
$Okta Inc(OKTA.US)$ develops internet applications software. The Company offers automated user management, integration, mobile identification, multifactor authentication, and reporting software.
Okta's billings momentum may continue to be aided by steady customer additions, low churn and improving net expansion rates.
We expect Okta's average revenue per customer could improve substantially as it moves upmarket and deployment sizes get bigger.
Billings growth may exceed 30% in fiscal 4Q21 amid steady new customer growth, which has averaged over 25% in the last two years. Lower sales and marketing expenses may aid Okta's operating leverage with the company expected to surpass $1 billion sales run-rate in its fiscal 2022.
-Mandeep Singh & Matthew Martino, Bloomberg Analyst
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Source: Bloomberg
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