Tag Archives: cavm

Cavium Up On Bullish Analyst Report For Chip Designer

Chip designer Cavium (CAVM) is positioned for continued strong growth thanks to its core embedded and security processor products and upcoming Thunder lineup of 64-bit server processors, Canaccord Genuity said in a research report. Canaccord analyst Matthew Ramsay initiated coverage of Cavium late Monday with a buy rating and a price target of 62. Cavium stock was up 2% in midday trading on the stock market today, at an all-time high near 52.

Cavium ThunderX Brings Battle To Intel ‘Doorstep’

Cavium (CAVM) on Tuesday announced a new ThunderX line of chips, but the company is targeting more markets than expected and its stock fell. “While we, like many investors, expected the announcement to be centered on server applications, the company surprised us with multiple product categories,” wrote William Blair analyst Anil Doradla. Cavium stock was down nearly 2% in afternoon trading in the stock market today, near 47.50. Cavium stock

Cavium Analysts Positive On Sales Prospects After Q1

Cavium’s (CAVM) momentum is sustainable,” said an analyst as the chipmaker’s stock rose Thursday following Q1 earnings that topped Wall Street forecasts. Cavium was up 6.5% in afternoon trading in the stock market today, above 45 and near its three-year high of 47.47 touched on March 21. Cavium ranks No. 35 in the latest IBD 50 listing of top-performing stocks over the past 12 months. Cavium stock broke out in February at a 42.51 buy point. The