Cavium (CAVM) Reports In-Line Q1 EPS
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Cavium (CAVM) Guidance Overshadows Major ThunderX Design Win - Needham & Company
April 28, 2016 9:16 AM EDTNeedham & Company analyst, Quinn Bolton, took out-year estimates down due to product transitions/disruptions in the base business and a more modest ramp of New Products. PT drops to $66 from $75 with Buy rating unchanged.
Estimate reductions overshadow the fact that CAVM secured its first production order for ThunderX from a major hyperscale data customer in Asia.
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