Cavium (CAVM) Sees Lower-Than-Expected Q1 Sales, Earnings
Tweet
Share
E-mailGet Alerts CAVM Hot Sheet
Price: $86.23 --0%
Financial Fact:
Total other expense, net: -4.21M
Today's EPS Names:
BTTX, VAXX, ELYS, More
Financial Fact:
Total other expense, net: -4.21M
Today's EPS Names:
BTTX, VAXX, ELYS, More
Join SI Premium – FREE
Cavium (Nasdaq: CAVM) sees Q1 sales to be down 6-7 percent compared to Q4 of 2011. Sees EPS about 6-7 cents per share lower than previously expected.
The company noted that revenues during the first quarter increased sequentially in the enterprise and data center markets, but declined in the service provider and broadband and consumer market. Sales in the service provider market were affected by continued inventory de-stocking, while sales into the broadband and consumer business were affected by delays in deployment of certain programs. The company expects that total sales in the second quarter of 2012 will increase sequentially.
The company noted that revenues during the first quarter increased sequentially in the enterprise and data center markets, but declined in the service provider and broadband and consumer market. Sales in the service provider market were affected by continued inventory de-stocking, while sales into the broadband and consumer business were affected by delays in deployment of certain programs. The company expects that total sales in the second quarter of 2012 will increase sequentially.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Walmart (WMT) PT Lowered to $130 at UBS on Investment Narrative's Competing Dynamics
- Bernstein remains bullish on SpaceX but sees challenges in telecom ambitions
- Intchains Group Ltd (ICG) PT Lowered to $2 at Benchmark Following 1H Results
Create E-mail Alert Related Categories
GuidanceRelated Entities
EarningsSign 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!
