Cavium Inc (CAVM) was Resumed by JP Morgan to “Overweight”. JP Morgan advised their investors in a research report released on Sep 13, 2016.
Many Wall Street Analysts have commented on Cavium Inc. Cavium Inc was Downgraded by Jefferies to ” Hold” on Jun 16, 2016. Cavium Inc was Downgraded by Canaccord Genuity to ” Hold” on Jun 16, 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 opened for trading at $50.75 and hit $53.36 on the upside on Monday, eventually ending the session at $53.3, with a gain of 4.67% or 2.38 points. The heightened volatility saw the trading volume jump to 2,018,282 shares. Company has a market cap of $3,086 M.
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.