Marvell Technology, Inc(NASDAQ:MRVL) was moving slightly higher on Thursday ahead of its first-quarter earnings print set to take place after the market closes.

When Marvell printed its fourth-quarter earnings on March 7, the stock plunged over 11% the following day and entered into a steep downtrend, which brought the stock to a low of $63.46 on March 19.

For that quarter, Marvell reported earnings per share of 46 cents, in line with the consensus estimate. The stock printed revenues of $1.427 billion, which exceeded the consensus estimate of $1.42 billion.

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