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Equities research analysts at Jefferies Group lifted their price target on shares of Cavium (NASDAQ:CAVM) from $56.00 to $64.00 in a research note issued to investors on Friday. The firm currently has a “buy” rating on the stock. Jefferies Group’s price objective would indicate a potential upside of 15.67% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. 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. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $54.06.

Shares of Cavium (NASDAQ:CAVM) opened at 55.33 on Friday. Cavium has a 52 week low of $32.35 and a 52 week high of $56.35. The stock’s 50-day moving average is $49.66 and its 200-day moving average is $46.18. The company’s market cap is $2.966 billion.

Cavium (NASDAQ:CAVM) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.23 earnings per share. The company’s revenue for the quarter 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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