Cavium (CAVM) Reports In-Line Q2 EPS; Raghib Hussain Named as New COO
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Brean Capital Reiterates Buy on Cavium (CAVM) Following 2Q Earnings Results - PT to $57
July 27, 2016 10:51 AM EDTBrean Capital maintained a Buy rating on Cavium Networks (NASDAQ: CAVM), and cut the price target to $57.00 (from $60.00), following the company's 2Q earnings report. CAVM reported revenues of $107.2M compared to the Street at $106.7M. Non-GAAP EPS of $0.29 was in-line with Street estimates.
Analyst Mike Burton commented, "CAVM reported slight upside to revenue and... More
Needham & Company Reiterates Buy on Cavium (CAVM) Following Strong 2Q Report
July 27, 2016 8:16 AM EDTNeedham & Company reiterated a Buy rating and $66.00 price target on Cavium Networks (NASDAQ: CAVM) following the company's 2Q earnings report. CAVM reported revenue and NG EPS of $107.2MM/$0.29, ahead of the midpoint of guidance and $106.0MM/$0.28 estimates. Management guided 3Q16 revenue to increase to... More
