Cavium (CAVM) to Release Quarterly Earnings on Tuesday

Cavium (NASDAQ:CAVM) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, January 30th.

Cavium (NASDAQ:CAVM) last announced its earnings results on Wednesday, November 1st. The semiconductor provider reported $0.76 EPS for the quarter, topping the consensus estimate of $0.74 by $0.02. The firm had revenue of $251.99 million for the quarter, compared to the consensus estimate of $250.16 million. Cavium had a negative net margin of 19.94% and a positive return on equity of 11.16%. The business’s quarterly revenue was up 49.9% on a year-over-year basis. During the same period last year, the company posted $0.43 EPS. On average, analysts expect Cavium to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of Cavium (NASDAQ CAVM) opened at $89.14 on Monday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.27 and a current ratio of 2.87. The company has a market cap of $6,160.00, a P/E ratio of -31.72, a price-to-earnings-growth ratio of 2.16 and a beta of 1.35. Cavium has a fifty-two week low of $56.96 and a fifty-two week high of $90.83.

Several analysts have commented on the stock. Zacks Investment Research upgraded shares of Cavium from a “sell” rating to a “hold” rating in a report on Tuesday, January 23rd. Jefferies Group restated a “buy” rating and set a $40.00 target price on shares of Cavium in a report on Sunday, November 26th. Susquehanna Bancshares restated a “neutral” rating and set a $83.00 target price (down from $85.00) on shares of Cavium in a report on Tuesday, November 21st. Canaccord Genuity restated a “hold” rating and set a $85.00 target price (up from $67.00) on shares of Cavium in a report on Tuesday, November 21st. Finally, BidaskClub downgraded shares of Cavium from a “buy” rating to a “hold” rating in a report on Thursday, December 7th. Eleven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Cavium currently has a consensus rating of “Hold” and an average price target of $79.00.

In related news, VP Anil Kumar Jain sold 8,500 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $85.90, for a total transaction of $730,150.00. Following the transaction, 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 SEC, which is available through this link. Also, SVP Vincent P. Pangrazio sold 15,000 shares of the business’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $77.22, for a total transaction of $1,158,300.00. Following the transaction, 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. 4.65% of the stock is owned by company insiders.

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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.

Earnings History for Cavium (NASDAQ:CAVM)

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