Cavium Announces Financial Results for Q4 2016

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Go back to Cavium Announces Financial Results for Q4 2016

Cavium Networks (CAVM) PT Raised to $77 at Needham & Company Following 4Q

February 2, 2017 7:18 AM EST

Needham & Company raised its price target on Cavium Networks (NASDAQ: CAVM) to $77.00 (from $66.00) while maintaining a Buy rating. CAVM reported 4Q16 revenue of $226.2MM, slightly ahead of the high end of guidance of $223MM-$226MM. NG EPS was $0.56, above guidance and the $0.53 consensus estimate.... More