Deutsche Bank Cuts Target On Cavium Networks (CAVM) Following Q3
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Price: $86.23 --0%
Rating Summary:
12 Buy, 18 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 7 | New: 60
Rating Summary:
12 Buy, 18 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 7 | New: 60
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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.
"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.
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