Piper Jaffray Starts Cavium Networks (CAVM) at Neutral
More News related to CAVM
- Kaufman Bros Initiates Coverage on Cavium Networks (CAVM) with a Hold; Expect Steady Growth into Large Market Opportunity
- Cavium Networks Presenting at Barclays Capital Global Technology Conference
- Cavium Networks Unveils World's Fastest FIPS 140-2 Level 3 Certified Hardware Security Modules for Government, Healthcare & Financial Applications
- GC Research Upgrades Cavium Networks (CAVM) to Neutral
- Cavium Networks (CAVM) to Acquire MontaVista Software for $50 Million; Accretive to 2010 Earnings
More News related to New Coverage
- Deutsche Bank Starts Coverage on Utilities Stocks: CMS, AEP, EIX, ITC, PSEG at Buy
- Keefe, Bruyette and Woods Initiates Coverage of Taubman Centers (TCO) with an Outperform
- Keefe, Bruyette and Woods Initiates Coverage of Simon Property Group (SPG) with an Outperform
- Keefe, Bruyette and Woods Initiates Coverage of Tanger Factory Outlet Centers (SKT) with a Market Perform
- Keefe, Bruyette and Woods Initiates Coverage of Pennsylvania REIT (PEI) with a Market Perform
Piper Jaffray initiates coverage on Cavium Networks (Nasdaq: CAVM) with a Neutral rating and a $24 price target.
The firm calls Cavium's products "highly integrated processors for networking, communications, storage and security applications." With the "transition of telecom, enterprise and data works from circuit switched architectures to packet-based architectures", Piper believes Cavium could capture market share at a "fairly rapid pace" and estimates that Cavium's served available market opportunity could be $3 billion.
While Piper does like Cavium's growth profile looking ahead, it believes the stock price already reflects these factors.
Cavium Networks, Inc. designs, develops, and markets semiconductor processors for intelligent and secure networks.
Related Categories
New CoverageStocks Mentioned
+0.50Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
