Cavium Inc (CAVM) reported quarterly earnings results on Wednesday, Apr-27-2016. The company reported $0.25 EPS for the quarter. Analysts had a consensus estimate of $0.25. The company posted revenue of $101.90 million in the period, compared to analysts expectations of $102.01 million. The company’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS.
Cavium Inc opened for trading at $55.25 and hit $56.52 on the upside on Friday, eventually ending the session at $56.06, with a gain of 1.08% or 0.6 points. The heightened volatility saw the trading volume jump to 5,87,609 shares. Company has a market cap of $3,212 M.
In a different news, on Mar 3, 2016, Vincent P Pangrazio (SVP,Gen. Counsel & Secretary) sold 5,000 shares at $60.00 per share price. According to the SEC, 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.