Cavium (CAVM) Shares are Up 6.32%

Cavium (CAVM) : Traders are bullish on Cavium (CAVM) as it has outperformed the S&P 500 by a wide margin of 26.9% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 6.35%, 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 6.32% in the last 1 week, and is up 27.38% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Cavium, Inc. is up 16.59% in the last 3-month period. Year-to-Date the stock performance stands at -16.25%. The stock has recorded a 20-day Moving Average of 13.96% and the 50-Day Moving Average is 25.48%.


Cavium (NASDAQ:CAVM): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $53.83 and $53.74 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $56.17. The buying momentum continued till the end and the stock did not give up its gains. It closed at $55.03, notching a gain of 3.67% for the day. The total traded volume was 2,365,686 . The stock had closed at $53.08 on the previous day.

Also, In the latest statement by the brokerage house, Barclays maintains its outlook on Cavium (NASDAQ:CAVM). The current rating of the shares is Overweight, according to the research report released by the firm. The brokerage firm raises the price target from $54 per share to $60 per share. The rating by the firm was issued on August 5, 2016.

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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