Jefferies Recommends Buying Cavium Networks (CAVM) Into Any Weakness

Jefferies maintains a 'Buy' on Cavium Networks (NASDAQ: CAVM) price target of $35.00.

Analyst, Sundeep Bajikar, said, "CAVM stock has come under pressure recently, we believe primarily due to certain negative data points privately circulated among investors. However, our checks indicate near-term order trends are positive, the competitive landscape is favorable, and new revenue opportunity of ~$75-100m/yr in Wireless Base Station, and new product potential, are under-appreciated."

For an analyst ratings summary and ratings history on Cavium Networks click here. For more ratings news on Cavium Networks click here.

Shares of Cavium Networks closed at $23.39 yesterday.

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