Reporting a potential downside of -0.10%, Stifel Nicolaus upped the price target of Cavium Networks Inc. (NDAQ:CAVM) to $66.00
On Friday March 31, 2017, Macquarie Research released a statement for Cavium Networks Inc. (NDAQ:CAVM) bumped up the target price from $0.00 to $85.00 that suggested an upside of 0.18%.
Boasting a price of $73.44, Cavium Networks Inc. (NDAQ:CAVM) traded -0.44% lower on the day. With the last stock price close up 11.95% from the two hundred day average, compared with the S&P 500 Index which has increased 0.03% over the date range. Cavium Networks Inc. has recorded a 50-day average of $70.50 and a two hundred day average of $63.36. Volume of trade was up over the average, with 1,160,390 shares of CAVM changing hands over the typical 792,882
Recent Performance Chart
Cavium Networks Inc. has 52 week low of $35.90 and a 52 week high of $73.01 and has a market cap of $0.
In addition to Stifel Nicolaus reporting its target price, a total of 15 firms have issued a report on the stock. The consensus target price is $64.00 with 8 Firms Rating the stock a strong buy, 6 firms rating the stock a buy, 5 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
General Information About Cavium Networks Inc. (NDAQ:CAVM)
Cavium, Inc. is a provider of integrated semiconductor processors that enable intelligent processing for wired and wireless infrastructure and cloud for networking, communications, storage and security applications. The Company's products consist of multi-core processors for embedded and data center applications, network connectivity for server and switches, storage connectivity, and security processors for offload and appliance. A range of its products also include a suite of embedded security protocols that enable unified threat management (UTM), secure connectivity, network perimeter protection and deep packet inspection (DPI). The Company sells its products to networking original equipment manufacturers (OEM), which sell into the enterprise, datacenter, service provider, and broadband and consumer markets. In the enterprise market, its products are used in routers, switches, storage appliances, server connectivity for networking and storage, wireless local area networks and UTM.
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