Cavium, Inc. (NASDAQ:CAVM) registered a -0.63% decrease, still its new closing price is 84.12% up from the company’s 1 year high of 67.33.It posted 2.53% gains in previous 5 sessions and is now the subject of 6 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 5 buy or better ratings. The 17 stock analysts following this company have an average price target at $66.23, with individual PT in the $55.00-$80.00 range. The shares moved at $66.10, implying that brokerage firms see shares gaining about 22.20% in twelve months time.
Cavium, Inc. (CAVM) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 5.86% rise year to date. A Director at Cavium, Inc. (CAVM) offloaded shares in a transaction closed on Tuesday December 13, 2016. REDDY C N sold 12,500 shares in the company at $63.26 each and collected $790,001 in proceeds. REDDY C N now owns 39,614 shares in the company after this transaction. A Pres., CEO, Chairman of board in the company, Ali Syed, disclosed a transaction on Monday November 21, 2016 that ended up generating $6,030,001 from the sale of 109,948 shares at $54.85 per share.
Cavium, Inc. (NASDAQ:CAVM) Upcoming Results on Tap
Cavium, Inc. will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.53 in that period. Sales during the quarter are predicted to arrive at $224.73 million.
Earnings surprise history: Last quarter, the company posted approximately $226.15 million in revenue and EPS of $0.56. The mean forecast was for $224.49 million and $0.54 a share, respectively. One quarter earlier, revenue for the stock was at $168.12 million, with earnings at $0.43/share.
Cavium, Inc. (CAVM) Brokerage Update
Cavium, Inc. (CAVM) is in Canaccord Genuity’s research list so their analyst rating change is noteworthy. These shares were downgraded to Hold from Buy by Canaccord Genuity, according to news reported on Thursday June 16, 2016.Another important research note was issued by Jefferies on Thursday June 16, 2016.The firm downgraded CAVM to Hold from Buy. Over the last six months and over the last three months, the shares of Cavium, Inc. (CAVM), have changed 39.60% and 16.72%, respectively.