Headlines about Cavium (NASDAQ:CAVM) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cavium earned a news impact score of 0.08 on Accern’s scale. Accern also assigned news headlines about the semiconductor provider an impact score of 45.2983118616658 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
CAVM has been the topic of several research reports. Zacks Investment Research upgraded Cavium from a “hold” rating to a “buy” rating and set a $76.00 target price on the stock in a research note on Monday, November 6th. Canaccord Genuity boosted their price objective on Cavium from $66.00 to $67.00 and gave the company a “hold” rating in a research note on Thursday, November 2nd. Morgan Stanley lowered Cavium from an “overweight” rating to an “equal weight” rating and set a $77.00 price objective on the stock. in a research note on Tuesday, November 21st. Raymond James Financial reiterated an “outperform” rating and set a $75.00 price objective on shares of Cavium in a research note on Thursday, September 14th. Finally, Loop Capital lowered Cavium from a “buy” rating to a “hold” rating and set a $84.00 price objective on the stock. in a research note on Tuesday, November 21st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $78.41.
Cavium (NASDAQ CAVM) traded up $1.50 during trading hours on Friday, hitting $89.99. The company had a trading volume of 980,840 shares, compared to its average volume of 1,072,578. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.27 and a current ratio of 2.87. Cavium has a 12 month low of $56.96 and a 12 month high of $90.83. The company has a market cap of $6,120.00, a price-to-earnings ratio of -32.02, a price-to-earnings-growth ratio of 2.14 and a beta of 1.35.
Cavium (NASDAQ:CAVM) last posted its earnings results on Wednesday, November 1st. The semiconductor provider reported $0.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.02. Cavium had a positive return on equity of 11.16% and a negative net margin of 19.94%. The business had revenue of $251.99 million during the quarter, compared to analysts’ expectations of $250.16 million. During the same period in the previous year, the business earned $0.43 earnings per share. The firm’s revenue was up 49.9% on a year-over-year basis. sell-side analysts predict that Cavium will post 1.33 EPS for the current fiscal year.
In related news, VP Anil Kumar Jain sold 8,500 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $85.90, for a total transaction of $730,150.00. Following the completion of the transaction, the vice president now directly owns 91,616 shares in the company, valued at $7,869,814.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Vincent P. Pangrazio sold 15,000 shares of the business’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $77.22, for a total value of $1,158,300.00. Following the transaction, the senior vice president now owns 60,039 shares of the company’s stock, valued at $4,636,211.58. The disclosure for this sale can be found here. 4.65% of the stock is owned by insiders.
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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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