Cavium (CAVM) Getting Somewhat Positive Media Coverage, Analysis Shows

Media headlines about Cavium (NASDAQ:CAVM) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cavium earned a coverage optimism score of 0.08 on Accern’s scale. Accern also gave news headlines about the semiconductor provider an impact score of 45.2983118616658 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Shares of Cavium (NASDAQ:CAVM) traded up $1.50 during trading on Friday, reaching $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 market capitalization of $6,120.00, a price-to-earnings ratio of -32.02, a P/E/G ratio of 2.14 and a beta of 1.35. Cavium has a 1-year low of $56.96 and a 1-year high of $90.83. The company has a quick ratio of 2.27, a current ratio of 2.87 and a debt-to-equity ratio of 0.81.

Cavium (NASDAQ:CAVM) last issued its quarterly earnings results on Wednesday, November 1st. The semiconductor provider reported $0.76 EPS for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.02. The business had revenue of $251.99 million for the quarter, compared to analyst estimates of $250.16 million. Cavium had a positive return on equity of 11.16% and a negative net margin of 19.94%. Cavium’s quarterly revenue was up 49.9% compared to the same quarter last year. During the same period last year, the company posted $0.43 earnings per share. research analysts anticipate that Cavium will post 1.33 EPS for the current fiscal year.

Several brokerages recently issued reports on CAVM. Jefferies Group set a $79.00 target price on Cavium and gave the company a “buy” rating in a research report on Thursday, October 19th. Morgan Stanley cut their target price on Cavium from $78.00 to $77.00 and set an “overweight” rating on the stock in a research report on Thursday, November 2nd. KeyCorp reaffirmed a “positive” rating and set a $90.00 target price (up previously from $80.00) on shares of Cavium in a research report on Thursday, November 16th. They noted that the move was a valuation call. Zacks Investment Research cut Cavium from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $75.00 target price on shares of Cavium in a research report on Thursday, September 14th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $78.41.

In related news, VP Anil Kumar Jain sold 8,500 shares of Cavium stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $85.90, for a total transaction of $730,150.00. Following the sale, the vice president now directly owns 91,616 shares in the company, valued at $7,869,814.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Vincent P. Pangrazio sold 15,000 shares of Cavium stock in a transaction on 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 sale, the senior vice president now owns 60,039 shares in the company, valued at $4,636,211.58. The disclosure for this sale can be found here. Company insiders own 4.65% of the company’s stock.

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About Cavium

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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