Cavium (CAVM) Tops Q3 EPS by 4c
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Needham & Company Reiterates Buy on Cavium (CAVM) Following Solid 3Q
November 2, 2016 8:51 AM EDTNeedham & Company reiterated a Buy rating and $66.00 price target on Cavium Networks (NASDAQ: CAVM) following the company's 3Q earnings report. CAVM reported 3Q16 revenue and NG EPS of $168.1MM/$0.43, ahead of $162MM/$0.39 estimates. Strength was seen across nearly all of CAVM's new products during the quarter.... More
