Cavium (CAVM) to Release Earnings on Wednesday
Cavium (NASDAQ:CAVM) will release its Q114 earnings data on Wednesday, April 30th. Analysts expect Cavium to post earnings of $0.28 per share and revenue of $81.63 million for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.
Cavium (NASDAQ:CAVM) last announced its earnings results on Wednesday, January 29th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.01. The company had revenue of $81.10 million for the quarter, compared to the consensus estimate of $81.12 million. During the same quarter in the previous year, the company posted $0.29 earnings per share. On average, analysts expect Cavium to post $1.35 EPS for the current fiscal year and $1.75 EPS for the next fiscal year.
Shares of Cavium (NASDAQ:CAVM) opened at 42.04 on Tuesday. Cavium has a one year low of $29.72 and a one year high of $47.47. The stock’s 50-day moving average is $43.37 and its 200-day moving average is $38.82. The company’s market cap is $2.211 billion.
A number of analysts have recently weighed in on CAVM shares. Analysts at Piper Jaffray initiated coverage on shares of Cavium in a research note on Thursday, April 3rd. They set a “neutral” rating on the stock. On a related note, analysts at Morgan Stanley raised their price target on shares of Cavium from $48.00 to $52.00 in a research note on Monday, March 31st. Finally, analysts at Nomura raised their price target on shares of Cavium from $28.00 to $32.00 in a research note on Friday, March 28th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Cavium presently has an average rating of “Buy” and a consensus price target of $42.96.
Cavium, Inc, formerly Cavium Networks, Inc, designs, develops and markets semiconductor processors for intelligent and secure networks.
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