Ticonderoga Securities Downgrades Cavium (CAVM) to Neutral; Estimates Already Reflected in the Stock
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Price: $31.85 -0.78%
Rating Summary:
9 Buy, 10 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
9 Buy, 10 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade CAVM Now!
Ticonderoga Securities downgrades Cavium (Nasdaq: CAVM) from Buy to Neutral.
Ticonderoga analyst says, "Our view is summarized as follows: 1) the wireline market is digesting excess inventory built up during 1H10 due to supply shortages; 2) semiconductor lead times are expected to be normal at the end of calendar 4Q10 or early calendar 2011; and 3) we believe 1Q11 could be a weak quarter for most communications semiconductor suppliers. In addition, we believe the Street's 2011 estimates for Cavium could move higher but upside is already reflected in the stock. Therefore, we believe the risk/reward is unfavorable. Near-term, we see limited catalysts to drive the stock higher."
To see all the upgrades/downgrades on shares of CAVM, visit our Analyst Ratings page.
Shares are currently trading at $32.19, up $0.08 (+0.25%)
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Ticonderoga analyst says, "Our view is summarized as follows: 1) the wireline market is digesting excess inventory built up during 1H10 due to supply shortages; 2) semiconductor lead times are expected to be normal at the end of calendar 4Q10 or early calendar 2011; and 3) we believe 1Q11 could be a weak quarter for most communications semiconductor suppliers. In addition, we believe the Street's 2011 estimates for Cavium could move higher but upside is already reflected in the stock. Therefore, we believe the risk/reward is unfavorable. Near-term, we see limited catalysts to drive the stock higher."
To see all the upgrades/downgrades on shares of CAVM, visit our Analyst Ratings page.
Shares are currently trading at $32.19, up $0.08 (+0.25%)
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
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