Revenue Update on Cavium Inc(NASDAQ:CAVM)

Cavium Inc(NASDAQ:CAVM) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 26, 2016. Company reported revenue of $107.16M. Analysts estimated a revenue of $106.74M. Earnings per share were $0.29. Analysts had estimated an EPS of $0.29.

In a different note, On Jun 16, 2016, Brean Capital said it Maintains its rating on Cavium Inc. In the research note, the firm Lowers the price-target to $67.00 per share. On Jun 16, 2016, Canaccord Genuity said it Downgrades its rating on Cavium Inc. In the research note, the firm Lowers the price-target to $61.00 per share. The shares have been rated ‘Hold’ by the firm. On Jun 16, 2016, Jeffries said it Downgrades its rating on Cavium Inc. The shares have been rated ‘Hold’ by the firm. On Jun 16, 2016, Pacific Crest said it Downgrades its rating on Cavium Inc. The shares have been rated ‘Sector Perform’ by the firm. On May 13, 2016, Barclays said it Maintains its rating on Cavium Inc. In the research note, the firm Lowers the price-target to $75.00 per share. The shares have been rated ‘Overweight’ by the firm. On May 4, 2016, Benchmark said it Upgrades its rating on Cavium Inc. The shares have been rated ‘Buy’ by the firm.

Cavium Inc (CAVM) shares turned negative on Fridays trading session with the shares closing down -1.06 points or -2.22% at a volume of 7,92,905. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $48.01. The peak price level was also seen at $48.01 while the days lowest was $46.11. Finally the shares closed at $46.67. The 52-week high of the shares is $74.24 while the 52-week low is $35.9. According to the latest information available, the market cap of the company is $2,676 M.

Several Insider Transactions has been reported to the SEC. On Mar 3, 2016, Vincent P Pangrazio (SVP,Gen. Counsel & Secretary) sold 5,000 shares at $60.00 per share price.Also, On Feb 19, 2016, Anthony S Thornley (director) sold 12,500 shares at $57.04 per share price.On Feb 11, 2016, Arthur D Chadwick (CFO) purchased 20,000 shares at $47.77 per share price, according to the Form-4 filing with the securities and exchange commission.

Cavium Inc. is a provider of semiconductor processors which enable processing for wired and wireless networking communications storage cloud wireless security video and connected home and office applications. The Company’s products include OCTEON OCTEON Plus OCTEON Fusion OCTEON XL LiquidIO NITROX NEURON Search and PureVu. The Company’s OCTEON OCTEON Plus OCTEON II and OCTEON III Multi-core MIPS64 processor families provide data and security processing. The LiquidIO Server Adapter family is a server compliant half-height Peripheral Component Interconnect Express (PCI Express). The NITROX processor family offers security processors. The NEURON Search processor family targets a range of Layer 2 to Layer 4 network search applications in enterprise and service provider infrastructure equipment. The PureVu product family is an integrated media system on a chip (SoC). The Company also offers ThunderX a multi-core SoC processor and MontaVista software products.

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