Cavium (CAVM) Set to Announce Quarterly Earnings on Tuesday

Cavium (NASDAQ:CAVM) will be announcing its earnings results after the market closes on Tuesday, January 30th.

Cavium (NASDAQ:CAVM) last posted its quarterly earnings results on Wednesday, November 1st. The semiconductor provider reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.02. The business had revenue of $251.99 million during the quarter, compared to the consensus estimate of $250.16 million. Cavium had a negative net margin of 19.94% and a positive return on equity of 11.16%. The firm’s revenue for the quarter was up 49.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.43 earnings per share. On average, analysts expect Cavium to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of Cavium (CAVM) opened at $89.85 on Tuesday. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.87 and a quick ratio of 2.27. The firm has a market cap of $6,210.18, a price-to-earnings ratio of -31.86, a price-to-earnings-growth ratio of 2.20 and a beta of 1.35. Cavium has a one year low of $56.96 and a one year high of $90.83.

In related news, VP Anil Kumar Jain sold 8,500 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $85.90, for a total transaction of $730,150.00. Following the transaction, the vice president now owns 91,616 shares in the company, valued at $7,869,814.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Vincent P. Pangrazio sold 15,000 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $77.22, for a total transaction of $1,158,300.00. Following the transaction, the senior vice president now owns 60,039 shares in the company, valued at approximately $4,636,211.58. The disclosure for this sale can be found here. Corporate insiders own 4.65% of the company’s stock.

CAVM has been the subject of several recent research reports. Bank of America reissued a “buy” rating on shares of Cavium in a research note on Sunday, October 1st. Zacks Investment Research downgraded shares of Cavium from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Benchmark downgraded shares of Cavium from a “buy” rating to a “hold” rating in a research note on Monday, November 20th. Needham & Company LLC reissued a “buy” rating and issued a $78.00 price target on shares of Cavium in a research note on Thursday, November 2nd. Finally, Loop Capital reissued a “buy” rating and issued a $81.00 price target on shares of Cavium in a research note on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the company’s stock. Cavium currently has a consensus rating of “Hold” and an average target price of $78.41.

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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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