Brokerage firm Pacific Crest Downgrades its rating on Cavium Inc(NASDAQ:CAVM). The shares have been rated Sector Perform. Previously, the analysts had a Overweight rating on the shares. The rating by Pacific Crest was issued on Jun 16, 2016.
In a different note, On Jun 16, 2016, Brean Capital said it Maintains its rating on Cavium Inc. In the research note, the firm Lowers the price-target to $67.00 per share. On Jun 16, 2016, Canaccord Genuity said it Downgrades its rating on Cavium Inc. In the research note, the firm Lowers the price-target to $61.00 per share. The shares have been rated ‘Hold’ by the firm. On Jun 16, 2016, Jeffries said it Downgrades its rating on Cavium Inc. The shares have been rated ‘Hold’ by the firm. On May 13, 2016, Barclays said it Maintains its rating on Cavium Inc. In the research note, the firm Lowers the price-target to $75.00 per share. The shares have been rated ‘Overweight’ by the firm. On May 4, 2016, Benchmark said it Upgrades its rating on Cavium Inc. The shares have been rated ‘Buy’ by the firm. Brean Capital said it Initiates Coverage on Cavium Inc, according to a research note issued on May 3, 2016. The shares have been rated ‘Buy’ by the firm.
Cavium Inc (CAVM) made into the market gainers list on Tuesdays trading session with the shares advancing 1.23% or 0.49 points. Due to strong positive momentum, the stock ended at $40.26, which is also near the day’s high of $40.56. The stock began the session at $40.32 and the volume stood at 12,11,290 shares. The 52-week high of the shares is $75.26 and the 52 week low is $38.47. The company has a current market capitalization of $2,308 M and it has 5,73,35,146 shares in outstanding.
Cavium Inc(CAVM) last announced its earnings results on Apr 27, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $101.88M. Analysts had an estimated revenue of $102.08M. Earnings per share were $0.25. Analysts had estimated an EPS of $0.25.
Several Insider Transactions has been reported to the SEC. On Mar 3, 2016, Vincent P Pangrazio (SVP,Gen. Counsel & Secretary) sold 5,000 shares at $60.00 per share price.Also, On Feb 19, 2016, Anthony S Thornley (director) sold 12,500 shares at $57.04 per share price.On Feb 11, 2016, Arthur D Chadwick (CFO) purchased 20,000 shares at $47.77 per share price, according to the Form-4 filing with the securities and exchange commission.
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.