Cavium (NASDAQ:CAVM) has received a short term rating of sell from experts at Zacks with a rank of 4. The stock has been rated an average of 1.88 by 16 Brokerage Firm. 9 Wall Street Firms have rated the stock as a strong buys. 7 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. In a research note released to the investors, Brean Capital maintains its rating on Cavium (NASDAQ:CAVM).Earlier, the shares were rated a Buy by the brokerage firm. In a recent information released to the investors, Brean Capital lowers the new price target from $67 per share to $60 per share. The rating by the firm was issued on June 16, 2016.
Cavium (NASDAQ:CAVM) shares are expected to touch $63.39 in the short term. This short term price target has been shared by 13 analysts. However, the standard deviation of short term price estimate has been valued at 9.59. The target price could hit $80 on the higher end and $45 on the lower end.
Cavium (NASDAQ:CAVM) rose 1.23% or 0.49 points on Tuesday and made its way into the gainers of the day. After trading began at $40.32 the stock was seen hitting $40.56 as a peak level and $39.79 as the lowest level. The stock ended up at $40.26. The daily volume was measured at 1,211,290 shares. The 52-week high of the share price is $75.26 and the 52-week low is $38.47. The company has a market cap of $2,308 million.
Cavium, Inc. has lost 12.93% in the last five trading days and dropped 14.7% in the last 4 weeks. Cavium, Inc. has dropped 33.17% during the last 3-month period . Year-to-Date the stock performance stands at -38.73%.
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.