Cavium (NASDAQ: CAVM) recently received a number of ratings updates from brokerages and research firms:

  • 8/22/2017 – Cavium had its “buy” rating reaffirmed by analysts at Loop Capital. They now have a $81.00 price target on the stock.
  • 8/16/2017 – Cavium was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 8/16/2017 – Cavium had its “buy” rating reaffirmed by analysts at MKM Partners. They now have a $81.00 price target on the stock.
  • 8/15/2017 – Cavium had its “hold” rating reaffirmed by analysts at Canaccord Genuity. They now have a $66.00 price target on the stock.
  • 8/7/2017 – Cavium was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “Cavium, Inc. is engaged in providing semiconductor processors that enable networking, communications, storage, video and security applications. The Company offers software compatible processors with functionality in enterprise, data-center, broadband/consumer and access and service provider equipment. Its processors are supported by ecosystem partners that provide operating systems, tools and application support, hardware reference designs and other services. Cavium, Inc., formerly known as Cavium Networks, Inc., is headquartered in Mountain View, California. “
  • 8/4/2017 – Cavium had its “hold” rating reaffirmed by analysts at Canaccord Genuity. They wrote, “We expect management to echo previous comments regarding a lack of visibility as it pertains to a China telco recovery .””
  • 7/31/2017 – Cavium was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/21/2017 – Cavium was upgraded by analysts at Barclays PLC from an “equal weight” rating to an “overweight” rating.
  • 7/12/2017 – Cavium was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/11/2017 – Cavium had its “hold” rating reaffirmed by analysts at Canaccord Genuity. They now have a $66.00 price target on the stock.
  • 7/10/2017 – Cavium was upgraded by analysts at Jefferies Group LLC from a “hold” rating to a “buy” rating. They now have a $79.00 price target on the stock, up previously from $73.00.

Shares of Cavium, Inc. (NASDAQ CAVM) traded up 1.87% during midday trading on Thursday, reaching $63.31. The company had a trading volume of 758,975 shares. Cavium, Inc. has a one year low of $50.30 and a one year high of $76.26. The firm’s market capitalization is $4.35 billion. The company has a 50 day moving average price of $62.76 and a 200-day moving average price of $67.53.

Cavium (NASDAQ:CAVM) last released its quarterly earnings results on Wednesday, August 2nd. The semiconductor provider reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. Cavium had a negative net margin of 22.82% and a positive return on equity of 5.94%. The firm had revenue of $242.09 million during the quarter, compared to analysts’ expectations of $238.93 million. During the same period in the previous year, the company earned $0.29 EPS. The firm’s revenue for the quarter was up 125.8% compared to the same quarter last year. On average, analysts anticipate that Cavium, Inc. will post $2.79 EPS for the current fiscal year.

In other Cavium news, COO Muhammad Raghib Hussain sold 20,000 shares of the business’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $61.85, for a total value of $1,237,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.65% of the stock is owned by insiders.

Cavium, Inc is a provider of integrated semiconductor processors that enable intelligent processing for wired and wireless infrastructure and cloud for networking, communications, storage and security applications. The Company’s products consist of multi-core processors for embedded and data center applications, network connectivity for server and switches, storage connectivity, and security processors for offload and appliance.

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