Deutsche Bank Cuts Target On Cavium Networks (CAVM) Following Q3

Article Stock Quotes (1) Comments (0)

Deutsche Bank trimmed its price target on Cavium Networks (NASDAQ: CAVM) from $30 to $27 following a muted third quarter and Q4 outlook. The firm maintains a Hold rating.

"Near-term, we are concerned about end-market weakness and inventory thinning. Longer term, we see the potential for growth acceleration starting 2H CY12+, based on multiple new product cycle ramps."

For more ratings news on Cavium Networks click here and for the rating history of Cavium Networks click here.

Shares of Cavium Networks closed at $32.69 yesterday, with a 52 week range of $24.20-$48.30.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• Morgan Stanley Says Tesla (TSLA) 'Top Pick in U.S. Autos'
• UPDATE: Leerink Swann Upgrades Bristol-Myers Squibb Co. (BMY) to Outperform
• UPDATE: Vanda Pharmaceuticals (VNDA) Opens Higher; Lazard Raises PT to $17

Create E-mail Alert Related Categories

Analyst Comments

Related Entities

Deutsche Bank

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?