Cavium Inc (CAVM) Receives $79.83 Consensus PT from Analysts
Shares of Cavium Inc (NASDAQ:CAVM) have earned an average rating of “Hold” from the twenty research firms that are covering the stock, MarketBeat.com reports. Twelve investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $79.83.
CAVM has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Cavium from a “hold” rating to a “buy” rating and set a $76.00 target price on the stock in a research report on Monday, November 6th. Canaccord Genuity raised their target price on shares of Cavium from $66.00 to $67.00 and gave the stock a “hold” rating in a research report on Thursday, November 2nd. Morgan Stanley lowered shares of Cavium from an “overweight” rating to an “equal weight” rating and set a $77.00 target price on the stock. in a research report on Tuesday, November 21st. Loop Capital lowered shares of Cavium from a “buy” rating to a “hold” rating and set a $84.00 price objective on the stock. in a research report on Tuesday, November 21st. Finally, BidaskClub lowered shares of Cavium from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th.
In other Cavium news, Director Anthony S. Thornley sold 12,500 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $88.50, for a total value of $1,106,250.00. Following the completion of the sale, the director now owns 21,511 shares of the company’s stock, valued at $1,903,723.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Muhammad Raghib Hussain sold 20,000 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $87.22, for a total value of $1,744,400.00. The disclosure for this sale can be found here. In the last three months, insiders sold 174,761 shares of company stock valued at $15,324,869. 4.65% of the stock is owned by corporate insiders.
Shares of Cavium (NASDAQ:CAVM) traded up $0.14 on Wednesday, hitting $88.60. 471,559 shares of the stock were exchanged, compared to its average volume of 1,140,000. The company has a current ratio of 2.87, a quick ratio of 2.27 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $6,180.00, a price-to-earnings ratio of -75.08, a PEG ratio of 2.17 and a beta of 1.33. Cavium has a twelve month low of $56.96 and a twelve month high of $90.83.
Cavium (NASDAQ:CAVM) last announced its earnings results on Wednesday, January 31st. The semiconductor provider reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.02. The business had revenue of $260.36 million for the quarter, compared to analyst estimates of $260.05 million. Cavium had a negative net margin of 4.67% and a negative return on equity of 6.37%. The company’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same period last year, the firm posted $0.56 earnings per share. analysts expect that Cavium will post 2.14 earnings per share for the current fiscal year.
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Cavium Company Profile
Cavium, Inc is a provider of integrated semiconductor processors that enable intelligent processing for wired and wireless infrastructure and cloud for networking, communications, storage and security applications. The Company’s products consist of multi-core processors for embedded and data center applications, network connectivity for server and switches, storage connectivity, and security processors for offload and appliance.
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