Cavium (CAVM) : The most positive equity analysts on Cavium (CAVM) expects the shares to touch $80, whereas, the least positive believes that the stock will trade at $49 in the short term. The company is covered by 11 Wall Street Brokerage Firms. The average price target for shares are $61.27 with an expected fluctuation of $8.81 from the mean.
Cavium (CAVM) : 6 brokerage houses believe that Cavium (CAVM) is a Strong Buy at current levels. 7 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Cavium (CAVM). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 13 Wall Street Analysts endorse the stock as a Buy with a rating of 2.08.
Also, Equity analysts at the Brokerage firm Barclays maintains its rating on Cavium (NASDAQ:CAVM). The rating major has initiated the coverage with overweight rating on the shares. The Analysts at Barclays raises the price target from $54 per share to $60 per share. The rating by the firm was issued on August 5, 2016.
Cavium (NASDAQ:CAVM): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $55.81 and $55.06 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $56.72. The buying momentum continued till the end and the stock did not give up its gains. It closed at $56.71, notching a gain of 1.85% for the day. The total traded volume was 598,266 . The stock had closed at $55.68 on the previous day.
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.