Cavium, Inc. (NASDAQ:CAVM) is set to release its earnings data after the market closes on Monday, October 30th. Analysts expect Cavium to post earnings of $0.74 per share for the quarter.

Cavium (NASDAQ:CAVM) last announced its quarterly earnings data on Wednesday, August 2nd. The semiconductor provider reported $0.67 EPS for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.02. The business had revenue of $242.09 million during the quarter, compared to the consensus estimate of $238.93 million. Cavium had a positive return on equity of 5.94% and a negative net margin of 22.82%. The business’s revenue for the quarter was up 125.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.29 earnings per share. On average, analysts expect Cavium to post $2.79 EPS for the current fiscal year and $3.55 EPS for the next fiscal year.

Shares of Cavium, Inc. (NASDAQ:CAVM) traded up 0.239% during midday trading on Monday, hitting $69.075. The stock had a trading volume of 50,877 shares. The company’s 50-day moving average price is $66.55 and its 200-day moving average price is $66.77. Cavium, Inc. has a 12-month low of $50.81 and a 12-month high of $76.26. The firm’s market cap is $4.75 billion.

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CAVM has been the subject of a number of research analyst reports. BidaskClub lowered Cavium from a “hold” rating to a “sell” rating in a report on Saturday, July 1st. Jefferies Group LLC upgraded Cavium from a “hold” rating to a “buy” rating and increased their target price for the company from $73.00 to $79.00 in a report on Monday, July 10th. Canaccord Genuity restated a “hold” rating and issued a $66.00 target price on shares of Cavium in a report on Tuesday, July 11th. Barclays PLC upgraded Cavium from an “equal weight” rating to an “overweight” rating in a report on Friday, July 21st. Finally, Zacks Investment Research lowered Cavium from a “hold” rating to a “strong sell” rating in a report on Monday, August 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $78.13.

In other news, COO Muhammad Raghib Hussain sold 20,000 shares of the stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $61.85, for a total transaction of $1,237,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 4.65% of the company’s stock.

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.

Earnings History for Cavium (NASDAQ:CAVM)

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