Cavium Inc (CAVM) was Initiated by Susquehanna to “Positive”. Susquehanna advised their investors in a research report released on Sep 20, 2016.
Many Wall Street Analysts have commented on Cavium Inc. Cavium Inc was Resumed by JP Morgan to “Overweight” on Sep 13, 2016.
On the company’s financial health, Cavium Inc reported $0.25 EPS for the quarter, based on the information available during the earnings call on Apr 27, 2016. Analyst had a consensus estimate of $0.25. The company had revenue of $101.90 million for the quarter, 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 closed down -0.23 points or -0.41% at $56.19 with 4,863,856 shares getting traded on Friday. Post opening the session at $56.53, the shares hit an intraday low of $54.9 and an intraday high of $57.5 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Aug 29, 2016, Arthur D Chadwick (CFO) purchased 20,000 shares at $55.33 per share price. According to the SEC, on Aug 18, 2016, Muhammad Raghib Hussain (COO) purchased 20,000 shares at $51.85 per share price. On Mar 3, 2016, Vincent P Pangrazio (SVP,Gen. Counsel & Secretary) sold 5,000 shares at $60.00 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.