Cavium (CAVM) : Traders are bullish on Cavium (CAVM) as it has outperformed the S&P 500 by a wide margin of 4.22% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 9.76%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 10.35% in the last 1 week, and is up 2.11% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 2.61% and the 50-Day Moving Average is 14.14%.The 200 Day SMA reached 5.12% Cavium, Inc. is up 41.82% in the last 3-month period. Year-to-Date the stock performance stands at -14.49%.
Cavium (CAVM) has been rated by 10 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $80 and the lowest price target forecast is $49. The average forecast of all the analysts is $62.3 and the expected standard deviation is $8.45.
For the current week, the company shares have a recommendation consensus of Buy. Cavium (NASDAQ:CAVM): stock was range-bound between the intraday low of $54.9 and the intraday high of $57.5 after having opened at $56.53 on Fridays session. The stock finally closed in the red at $56.53, a loss of -0.41%. The stock remained in the red for the whole trading day. The total traded volume was 4,863,856 shares. The stock failed to cross $57.5 in Fridays trading. The stocks closing price on Thursday was $56.19.
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 Companys products include OCTEON, OCTEON Plus, OCTEON Fusion, OCTEON XL, LiquidIO, NITROX, NEURON Search and PureVu. The Companys 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.