Press coverage about Cavium (NASDAQ:CAVM) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cavium earned a daily sentiment score of 0.23 on Accern’s scale. Accern also gave press coverage about the semiconductor provider an impact score of 46.918486396076 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of Cavium (NASDAQ CAVM) traded down $0.10 during trading on Wednesday, hitting $86.07. 728,163 shares of the stock were exchanged, compared to its average volume of 1,191,934. The firm has a market cap of $5,941.16, a price-to-earnings ratio of -84.38, a PEG ratio of 2.12 and a beta of 1.33. The company has a current ratio of 2.87, a quick ratio of 2.27 and a debt-to-equity ratio of 0.81. Cavium has a 1-year low of $56.96 and a 1-year high of $90.83.
Cavium (NASDAQ:CAVM) last issued its earnings results on Wednesday, January 31st. The semiconductor provider reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.02. The business had revenue of $260.36 million for the quarter, compared to analyst estimates of $260.05 million. Cavium had a negative net margin of 7.00% and a positive return on equity of 14.28%. The company’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.56 EPS. equities analysts expect that Cavium will post 2.14 EPS for the current year.
A number of brokerages have commented on CAVM. Jefferies Group lowered shares of Cavium from a “buy” rating to a “hold” rating in a report on Tuesday, November 21st. Canaccord Genuity boosted their price objective on shares of Cavium from $66.00 to $67.00 and gave the stock a “hold” rating in a report on Thursday, November 2nd. Loop Capital lowered shares of Cavium from a “buy” rating to a “hold” rating and set a $84.00 price objective on the stock. in a report on Tuesday, November 21st. BidaskClub lowered shares of Cavium from a “buy” rating to a “hold” rating in a report on Thursday, December 7th. Finally, Zacks Investment Research upgraded shares of Cavium from a “sell” rating to a “hold” rating in a report on Tuesday, January 23rd. Twelve equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $80.25.
In other news, VP Anil Kumar Jain sold 8,500 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $85.90, for a total value of $730,150.00. Following the sale, the vice president now owns 91,616 shares in the company, valued at approximately $7,869,814.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 4.65% of the company’s stock.
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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.
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