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Cavium (NASDAQ:CAVM) will be announcing its earnings results on Wednesday, January 29th. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Cavium (NASDAQ:CAVM) last announced its earnings results on Wednesday, October 30th. The company reported $0.29 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.26 by $0.03. The company had revenue of $79.10 million for the quarter, compared to the consensus estimate of $78.70 million. During the same quarter last year, the company posted $0.15 earnings per share. Cavium’s revenue was up 29.5% compared to the same quarter last year. On average, analysts expect Cavium to post $1.01 EPS for the current fiscal year and $1.35 EPS for the next fiscal year.

Cavium (NASDAQ:CAVM) opened at 35.22 on Tuesday. Cavium has a 52 week low of $28.65 and a 52 week high of $42.41. The stock has a 50-day moving average of $34.54 and a 200-day moving average of $37.. The company’s market cap is $1.830 billion.

Several analysts have recently commented on the stock. Analysts at Wedbush upgraded shares of Cavium from a “neutral” rating to an “outperform” rating in a research note to investors on Monday. They now have a $42.00 price target on the stock, up previously from $40.00. On the ratings front, analysts at Zacks downgraded shares of Cavium from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, January 21st. They now have a $33.90 price target on the stock. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Cavium from $44.00 to $41.00 in a research note to investors on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $40.37.

Cavium, Inc, formerly Cavium Networks, Inc, designs, develops and markets semiconductor processors for intelligent and secure networks.

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