Analysts See $0.44 EPS for Cavium, Inc. (CAVM)

January 22, 2018 - By Darrin Black

 Analysts See $0.44 EPS for Cavium, Inc. (CAVM)
Investors sentiment decreased to 0.98 in Q3 2017. Its down 0.13, from 1.11 in 2017Q2. It is negative, as 45 investors sold Cavium, Inc. shares while 65 reduced holdings. 31 funds opened positions while 77 raised stakes. 67.55 million shares or 0.96% more from 66.91 million shares in 2017Q2 were reported.
State Street stated it has 1.01 million shares or 0.01% of all its holdings. Barclays Public Ltd Co accumulated 14,659 shares. Pub Employees Retirement Sys Of Ohio owns 0.07% invested in Cavium, Inc. (NASDAQ:CAVM) for 214,208 shares. Bnp Paribas Asset Management Holdg owns 0.08% invested in Cavium, Inc. (NASDAQ:CAVM) for 149,417 shares. Cipher Capital Lp stated it has 0.04% of its portfolio in Cavium, Inc. (NASDAQ:CAVM). Tiaa Cref Inv Management Limited Liability reported 572,838 shares. Schwab Charles Investment owns 298,906 shares for 0.02% of their portfolio. Hightower Advsr Limited Com has invested 0% in Cavium, Inc. (NASDAQ:CAVM). Alyeska Investment Limited Partnership accumulated 164,890 shares. Icon Advisers Company has 0.73% invested in Cavium, Inc. (NASDAQ:CAVM). Invesco Limited has 0.02% invested in Cavium, Inc. (NASDAQ:CAVM) for 815,493 shares. Moreover, Greenwood Capital Associates Limited Com has 0.12% invested in Cavium, Inc. (NASDAQ:CAVM) for 7,267 shares. Panagora Asset Mngmt has 21,281 shares for 0.01% of their portfolio. State Of Wisconsin Board reported 0.03% stake. Credit Suisse Ag has invested 0% in Cavium, Inc. (NASDAQ:CAVM).

Since August 17, 2017, it had 0 insider purchases, and 1 sale for $1.24 million activity.

Analysts expect Cavium, Inc. (NASDAQ:CAVM) to report $0.44 EPS on February, 7.They anticipate $0.22 EPS change or 100.00 % from last quarter’s $0.22 EPS. CAVM’s profit would be $30.43M giving it 51.02 P/E if the $0.44 EPS is correct. After having $0.36 EPS previously, Cavium, Inc.’s analysts see 22.22 % EPS growth. The stock decreased 0.17% or $0.15 during the last trading session, reaching $89.8. About 882,915 shares traded. Cavium, Inc. (NASDAQ:CAVM) has risen 55.16% since January 22, 2017 and is uptrending. It has outperformed by 38.46% the S&P500.

Cavium, Inc. (NASDAQ:CAVM) Ratings Coverage

Among 24 analysts covering Cavium Networks Inc. (NASDAQ:CAVM), 11 have Buy rating, 1 Sell and 12 Hold. Therefore 46% are positive. Cavium Networks Inc. has $90 highest and $48 lowest target. $76’s average target is -15.37% below currents $89.8 stock price. Cavium Networks Inc. had 68 analyst reports since July 31, 2015 according to SRatingsIntel. The stock of Cavium, Inc. (NASDAQ:CAVM) has “Buy” rating given on Thursday, July 30 by Needham. Loop Capital Markets maintained it with “Buy” rating and $81.0 target in Thursday, November 2 report. The rating was downgraded by Susquehanna on Tuesday, November 21 to “Neutral”. The stock of Cavium, Inc. (NASDAQ:CAVM) earned “Neutral” rating by Bank of America on Thursday, December 10. Bank of America upgraded it to “Buy” rating and $85 target in Thursday, February 16 report. The rating was maintained by KeyBanc Capital Markets on Thursday, November 16 with “Overweight”. The firm has “Hold” rating by Canaccord Genuity given on Sunday, August 13. The rating was maintained by Canaccord Genuity with “Hold” on Monday, July 10. Pacific Crest downgraded the shares of CAVM in report on Thursday, June 16 to “Sector Perform” rating. The rating was downgraded by Benchmark on Monday, November 20 to “Hold”.

Cavium, Inc. designs, develops, and markets semiconductor processors for intelligent and secure networks in the United States and internationally. The company has market cap of $6.21 billion. The firm offers integrated semiconductor processors that enable intelligent processing for wired and wireless infrastructure and cloud for networking, communications, storage, and security applications. It currently has negative earnings. 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, as well as a suite of embedded security protocols that enable unified threat management, secure connectivity, network perimeter protection, and deep packet inspection.

More news for Cavium, Inc. (NASDAQ:CAVM) were recently published by: Fortune.com, which released: “Marvell Said to Buy Smaller Peer Cavium in Networking Equipment Play” on November 20, 2017. Fool.com‘s article titled: “Why Shares of Cavium Inc. Jumped Today” and published on November 06, 2017 is yet another important article.

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