Cavium (CAVM) Reports In-Line Q2 EPS

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Go back to Cavium (CAVM) Reports In-Line Q2 EPS

Needham & Company Cuts Price Target on Cavium (CAVM) to $83 Following 2Q15

July 30, 2015 9:04 AM EDT

Needham & Company maintained a Buy rating on Cavium Networks (NASDAQ: CAVM), and cut the price target to $83.00 (from $85.00), following 2Q15. Revenue for 2Q15 was $105.0MM, in-line with consensus. Management announced its first customer deployment of ThunderX at OVH, the third largest hosting company. Initial... More