Analyst Rating Update on Cavium (CAVM)

Cavium (NASDAQ:CAVM) : Zacks Investment Research ranks Cavium (NASDAQ:CAVM) as 4, which is a Sell recommendation. 9 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 7 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 16 research analysts is 1.88, which indicates as a Buy.

Cavium (NASDAQ:CAVM) stock is expected to deviate a maximum of $10.47 from the average target price of $62 for the short term period. 13 Street Experts have initiated coverage on the stock with the most promising target being $80 and the most muted being $45.

For the current week, the company shares have a recommendation consensus of Buy. Also, Brean Capital maintains its rating on Cavium (NASDAQ:CAVM). The global brokerage major lowers the current price target from $67 per share to $60 per share. The shares were previously rated Buy. The rating by the firm was issued on June 16, 2016.

Cavium (NASDAQ:CAVM): stock turned positive on Tuesday. Though the stock opened at $36.7, the bulls momentum made the stock top out at $37.98 level for the day. The stock recorded a low of $36.415 and closed the trading day at $37.6, in the green by 3.72%. The total traded volume for the day was 1,710,979. The stock had closed at $36.25 in the previous days trading.

In an insider trading activity, The Securities and Exchange Commission has divulged that Pangrazio Vincent P, officer (SVP,Gen. Counsel & Secretary) of Cavium, Inc., had unloaded 5,000 shares at an average price of $60 in a transaction dated on March 1, 2016. The total value of the transaction was worth $300,000.

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.

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