Cavium Networks (CAVM) Shares Plunge Amid Inline Q2 Results But Concerning Q3 Outlook
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 10/27/2026
- Wall Street rises on revived AI momentum as earnings season picks up
- Meta's $97.5B AI money grab: why Zuckerberg is racing to raise cash before rivals
- Deutsche Bank’s Reid sees potential final dip this year before Santa rally
- UPS tops estimates as efficiency drive gains momentum
- GM to move stock listing to Nasdaq in November, shares gain
Tweet
Share
E-mailGet Alerts CAVM Hot Sheet
Price: $86.23 --0%
Financial Fact:
Sales, general and administrative: 73.9M
Today's EPS Names:
OMID, SICP, SCKT, More
Financial Fact:
Sales, general and administrative: 73.9M
Today's EPS Names:
OMID, SICP, SCKT, More
Join SI Premium – FREE
Shares of Cavium Networks (NASDAQ: CAVM) have tumbled nearly 10 percent in Tuesday's after-hours session following inline Q2 results, but soft guidance on the company's conference call.
Cavium reported Q2 EPS of $0.34, $0.02 better than the analyst estimate of $0.32. Revenue for the quarter came in at $71.6 million versus the consensus estimate of $71.58 million.
On the call, a company exec said Cavium sees Q3 adj-EPS of about 33c on sales of $73-$74 million. The Street is currently looking for Q3 EPS of 33c on sales of $76.2 million.
Cavium reported Q2 EPS of $0.34, $0.02 better than the analyst estimate of $0.32. Revenue for the quarter came in at $71.6 million versus the consensus estimate of $71.58 million.
On the call, a company exec said Cavium sees Q3 adj-EPS of about 33c on sales of $73-$74 million. The Street is currently looking for Q3 EPS of 33c on sales of $76.2 million.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- CTS Corp. (CTS) Tops Q3 EPS by 10c ; Offers Guidance
- Illinois Tool Works (ITW) Tops Q3 EPS by 3c ; Offers Guidance
- Johnson Controls (JCI) Tops Q4 EPS by 1c; offers guidance
Create E-mail Alert Related Categories
Earnings, Guidance, Hot GuidanceSign 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!
