Cavium (CAVM) : 13 analysts are covering Cavium (CAVM) and their average rating on the stock is 2.08, which is read as a Buy. 6 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Cavium (CAVM) : The highest level Cavium (CAVM) is projected to reach is $80 for the short term and the lowest estimate is at $49. The consolidated price target from 11 rating analysts who initiate coverage on the stock is $62.09 and the possibility the share price can swing is $8.04.
For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Brokerage Firm, Barclays, maintains their rating on the shares of Cavium (NASDAQ:CAVM). Barclays has a Overweight rating on the shares. As per the latest research report, the brokerage house raises the price target to $60 per share from a prior target of $54. The rating by the firm was issued on August 5, 2016.
Cavium (NASDAQ:CAVM): stock was range-bound between the intraday low of $53.88 and the intraday high of $55.83 after having opened at $55.63 on Wednesdays session. The stock finally closed in the red at $55.63, a loss of -2.04%. The stock remained in the red for the whole trading day. The total traded volume was 1,168,867 shares. The stock failed to cross $55.83 in Wednesdays trading. The stocks closing price on Thursday was $55.31.
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.