Shares of Marvell Technology Group Ltd. (NASDAQ:MRVL) ended Friday session in red amid volatile trading. The shares closed down -0.02 points or -0.15% at $13.10 with 7.23 million shares getting traded. Post opening the session at $13.54, the shares hit an intraday low of $13.05 and an intraday high of $13.54 and the price vacillated in this range throughout the day. The company has a market cap of $6.70 billion and the numbers of outstanding shares have been calculated to be 511.70 million shares.
Marvell Technology Group Ltd. (MRVL) introduced the industry’s most optimized 25 Gigabit Ethernet (GbE) end-to-end data center solution, enabling data centers more computing bandwidth and improved efficiency. As data centers increase bandwidth speeds to keep up with the massive flow of data coming through the cloud, they must also balance the capital and operational expenditures associated with moving to next-generation networks. 25GbE offers the benefits of enhanced compute and storage efficiency at a long-term cost structure similar to 10GbE. However, the market has so far lacked solutions designed optimally for the 25GbE data center. Now, with the launch of Marvell’s newest Prestera® switches and Alaska® Ethernet transceivers, data centers transitioning to 25GbE speeds can utilize an optimized and cost-efficient end-to-end solution.
“I believe Marvell’s 25GbE-optimized devices are a significant contribution to the industry, helping drive the adoption of 25GbE server access to meet increasing bandwidth demands in data centers,” said Michael Zimmerman, vice president and general manager, Connectivity, Storage and Infrastructure (CSI) Business Unit at Marvell Semiconductor, Inc. “Our newest 25G Ethernet switch devices, PHY and Gearbox devices extend Marvell’s leadership of providing best-in-class networking solutions optimized for high performance, cost effective, and energy-efficient computing.”
Shares of Automatic Data Processing (NASDAQ:ADP) ended Friday session in green amid volatile trading. The shares closed up +0.50 points or 0.58% at $87.16 with 2.13 million shares getting traded. Post opening the session at $86.74, the shares hit an intraday low of $86.60 and an intraday high of $87.65 and the price vacillated in this range throughout the day. The company has a market cap of $39.83 billion and the numbers of outstanding shares have been calculated to be 454.38 million shares.
Automatic Data Processing (ADP) provides business process outsourcing services worldwide. The company operates through two segments, Employer Services and Professional Employer Organization (PEO) Services. The Employer Services segment offers a range of business outsourcing and technology-enabled human capital management (HCM) solutions, including payroll services, benefits administration services, talent management, human resources management solutions, time and attendance management solutions, insurance services, retirement services, and tax and compliance solutions.