Cavium (NASDAQ:CAVM) Earning Somewhat Favorable Media Coverage, Analysis Shows

Headlines about Cavium (NASDAQ:CAVM) have trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cavium earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned news articles about the semiconductor provider an impact score of 45.9617314751527 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.

These are some of the news articles that may have effected Accern’s scoring:

Cavium (NASDAQ:CAVM) opened at 69.46 on Wednesday. Cavium has a 52-week low of $50.81 and a 52-week high of $76.26. The stock’s 50 day moving average price is $65.61 and its 200 day moving average price is $66.79. The firm’s market capitalization is $4.78 billion.

Cavium (NASDAQ:CAVM) last announced its earnings results on Wednesday, August 2nd. The semiconductor provider reported $0.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.02. Cavium had a negative net margin of 22.82% and a positive return on equity of 5.94%. The business had revenue of $242.09 million during the quarter, compared to the consensus estimate of $238.93 million. During the same quarter last year, the firm earned $0.29 earnings per share. The business’s revenue for the quarter was up 125.8% on a year-over-year basis. On average, analysts predict that Cavium will post $2.79 EPS for the current fiscal year.

A number of equities research analysts have recently weighed in on the company. KeyCorp restated a “buy” rating and set a $80.00 target price on shares of Cavium in a research report on Tuesday. Stifel Nicolaus restated a “hold” rating and set a $66.00 target price on shares of Cavium in a research report on Thursday, October 12th. Bank of America Corporation reiterated a “buy” rating on shares of Cavium in a report on Sunday, October 1st. Raymond James Financial, Inc. reiterated an “outperform” rating and issued a $75.00 price objective on shares of Cavium in a report on Thursday, September 14th. Finally, Loop Capital reiterated a “buy” rating and issued a $81.00 price objective on shares of Cavium in a report on Tuesday, August 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company. Cavium currently has a consensus rating of “Buy” and an average price target of $78.13.

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In other Cavium news, COO Muhammad Raghib Hussain sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $61.85, for a total transaction of $1,237,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 4.65% of the stock is currently owned by company insiders.

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.

Insider Buying and Selling by Quarter for Cavium (NASDAQ:CAVM)

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