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Shares of Cavium (NASDAQ:CAVM) have been given an average recommendation of “Buy” by the twenty brokerages that are covering the company, AnalystRatings.Net reports. Six investment analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $53.61.

A number of research firms have recently commented on CAVM. Analysts at Raymond James reiterated an “outperform” rating on shares of Cavium in a research note on Thursday, July 31st. They now have a $60.00 price target on the stock, up previously from $49.00. Separately, analysts at Wedbush raised their price target on shares of Cavium from $51.00 to $55.00 in a research note on Thursday, July 31st. They now have an “outperform” rating on the stock. Finally, analysts at Benchmark Co. raised their price target on shares of Cavium from $42.00 to $48.00 in a research note on Thursday, July 31st. They now have a “hold” rating on the stock.

Shares of Cavium (NASDAQ:CAVM) opened at 52.55 on Friday. Cavium has a one year low of $32.35 and a one year high of $53.32. The stock’s 50-day moving average is $48.3 and its 200-day moving average is $45.25. The company’s market cap is $2.817 billion.

Cavium (NASDAQ:CAVM) last announced its earnings results on Wednesday, July 30th. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.33 by $0.02. The company had revenue of $90.70 million for the quarter, compared to the consensus estimate of $90.04 million. During the same quarter in the prior year, the company posted $0.23 earnings per share. The company’s quarterly revenue was up 22.2% on a year-over-year basis. On average, analysts predict that Cavium will post $1.45 earnings per share for the current fiscal year.

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

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