technology
Marvell Technology Names Adobe CFO Christian Durn Successor
Marvell Technology announced a CFO transition on Friday while shares fell 2.45% to $273.82. The company reaffirmed its second-quarter fiscal 2027 outlook.
Jun 12, 9:53 AM·1m read1 source
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Marvell Technology announced that Christian Durn will succeed Willem Meintjes as chief financial officer. Meintjes is stepping down after a decade with the company and will remain in an advisory role through April 2027. " Durn most recently served as CFO of Adobe and previously held senior finance roles at Applied Materials, NXP Semiconductors, Freescale Semiconductor, and GlobalFoundries.
Marvell also reaffirmed its financial outlook for the second quarter of fiscal 2027, which it previously provided on May 27, 2026. 70 billion when it releases results in August. 82 on Friday, according to Benzinga Pro data.
44%. 54. 20 in June.
Barclays maintained an Overweight rating on Marvell and raised its price target to $275 on May 29. UBS raised its price target to $230 on May 28, and Citigroup increased its price target to $225 the same day. 5 times earnings.
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