News stories about Cavium (NASDAQ:CAVM) have been trending positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cavium earned a news sentiment score of 0.27 on Accern’s scale. Accern also assigned media coverage about the semiconductor provider an impact score of 46.1541149561253 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Cavium, Inc. (NASDAQ:CAVM) Receives $75.17 Average Price Target from Analysts – ExpressNewsline (expressnewsline.com)
- Shares now down at $59.57 (CAVM) Cavium Announces Support for FC-NVMe… (footballhebdo.com)
- Cavium Inc (CAVM) and Duke Realty Corp (DRE) Shares Needle Moving On Volume – Bulletin News (orobulletin.com)
- Cavium Inc (CAVM) Sees The Tape Move Mid-Market – Evergreen Caller (evergreencaller.com)
- Jpmorgan Chase & Co Modifies Its Position in Cavium, Inc. (CAVM) Stock Last Quarter – Modern Readers (modernreaders.com)
Shares of Cavium (CAVM) opened at 58.50 on Friday. Cavium has a 52-week low of $50.30 and a 52-week high of $76.26. The firm’s market cap is $4.02 billion. The company has a 50 day moving average price of $63.38 and a 200-day moving average price of $67.88.
Cavium (NASDAQ:CAVM) last posted its earnings results on Wednesday, August 2nd. The semiconductor provider reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.02. The company had revenue of $242.09 million for the quarter, compared to analyst estimates of $238.93 million. Cavium had a negative net margin of 22.82% and a positive return on equity of 5.94%. The firm’s revenue was up 125.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.29 EPS. On average, analysts expect that Cavium will post $2.79 earnings per share for the current fiscal year.
Several analysts have issued reports on CAVM shares. Morgan Stanley lifted their price target on Cavium from $75.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, April 28th. Longbow Research started coverage on Cavium in a research note on Friday, June 9th. They issued a “buy” rating and a $85.00 price target on the stock. Jefferies Group LLC reissued a “hold” rating and issued a $73.00 price target (up previously from $69.00) on shares of Cavium in a research note on Thursday, April 27th. Stifel Nicolaus lifted their price target on Cavium from $55.00 to $66.00 and gave the company a “hold” rating in a research note on Thursday, April 27th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $78.00 price target (up previously from $77.00) on shares of Cavium in a research note on Thursday, April 27th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $74.53.
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In other Cavium news, SVP Vincent P. Pangrazio sold 15,000 shares of the stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $75.73, for a total value of $1,135,950.00. Following the completion of the sale, the senior vice president now owns 60,039 shares in the company, valued at approximately $4,546,753.47. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Arthur D. Chadwick sold 40,000 shares of the stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $75.14, for a total transaction of $3,005,600.00. Following the completion of the sale, the vice president now owns 75,383 shares of the company’s stock, valued at approximately $5,664,278.62. The disclosure for this sale can be found here. Company insiders own 4.65% of the company’s stock.
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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