Canaccord Genuity downgraded Cavium Networks (NASDAQ: CAVM) from Buy to Hold with a price target of $48.00 (from $61.00).

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 $48.00 yesterday.

Analyst PT Change Downgrades

Brean Capital Cuts Price Target on Cavium (CAVM) Following Announced QLogic (QLGC) Acquisition June 16, 2016 10:15 AM Needham & Company Reiterates Buy on Cavium (CAVM) Following Announced Acquisition of QLogic June 16, 2016 8:52 AM Wedbush Cuts Price Target on Cavium (CAVM) Following Announced QLGC Acquisition June 16, 2016 7:23 AM Pacific Crest Downgrades Cavium Networks (CAVM) to Sector WeightJune 16, 2016 7:16 AM UPDATE: Oppenheimer Downgrades Cavium Networks (CAVM) to PerformJune 16, 2016 7:13 AM Cavium (CAVM) to Acquire QLogic (QLGC) for $15.50/ShareJune 15, 2016 4:01 PM QLogic Corp (QLGC), Cavium (CAVM) Halted, News PendingJune 15, 2016 4:01 PM