Cavium (CAVM) Receiving Somewhat Positive Media Coverage, Report Shows
Media headlines about Cavium (NASDAQ:CAVM) have been trending somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cavium earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave media coverage about the semiconductor provider an impact score of 45.6622316802813 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Several brokerages have issued reports on CAVM. Zacks Investment Research cut shares of Cavium from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. BidaskClub cut shares of Cavium from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. Jefferies Group restated a “buy” rating and set a $40.00 target price on shares of Cavium in a research report on Sunday, November 26th. Susquehanna Bancshares restated a “neutral” rating and set a $83.00 target price (down from $85.00) on shares of Cavium in a research report on Tuesday, November 21st. Finally, Needham & Company LLC restated a “buy” rating and set a $90.00 target price on shares of Cavium in a research report on Tuesday, November 21st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $78.41.
Shares of Cavium (NASDAQ CAVM) traded down $0.48 during midday trading on Tuesday, hitting $89.51. 922,734 shares of the company’s stock traded hands, compared to its average volume of 1,057,590. The stock has a market cap of $6,230.00, a price-to-earnings ratio of -31.85, a P/E/G ratio of 2.20 and a beta of 1.35. Cavium has a 52 week low of $56.96 and a 52 week high of $90.83. The company has a quick ratio of 2.27, a current ratio of 2.87 and a debt-to-equity ratio of 0.81.
Cavium (NASDAQ:CAVM) last issued its earnings results on Wednesday, November 1st. The semiconductor provider reported $0.76 EPS for the quarter, topping the consensus estimate of $0.74 by $0.02. Cavium had a negative net margin of 19.94% and a positive return on equity of 11.16%. The company had revenue of $251.99 million for the quarter, compared to analyst estimates of $250.16 million. During the same period in the previous year, the firm earned $0.43 EPS. The business’s revenue was up 49.9% on a year-over-year basis. equities research analysts forecast that Cavium will post 1.33 earnings per share for the current year.
In related news, SVP Vincent P. Pangrazio sold 15,000 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $77.22, for a total value of $1,158,300.00. Following the sale, the senior vice president now directly owns 60,039 shares in the company, valued at approximately $4,636,211.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Anil Kumar Jain sold 8,500 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $85.90, for a total transaction of $730,150.00. Following the completion of the sale, the vice president now owns 91,616 shares in the company, valued at $7,869,814.40. The disclosure for this sale can be found here. 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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