Stock Technical Report on Cavium Inc (NASDAQ:CAVM)

Cavium Inc (NASDAQ:CAVM) (TREND ANALYSIS) shares were traded with no significant volume change. The stock closed last trading session at $65.52, up by 1.13%, with a volume of 837,733 shares against an average volume for the last 3 months of 650,768.

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CAVM reported last quarter earnings on April 29. The Electronic Components company announced earnings per share of $0.19 against a consensus Street estimate of $0.21, missing estimate by $0.02. This corresponds to an increase of $0.07 compared to the same quarter of the previous fiscal year.

Cavium Inc (NASDAQ:CAVM) is currently trading 11.77% below its 52-week-high, 69.17% above its 52-week-low. The 12-months range for the stock is $38.73 – $74.26. Cavium Inc (CAVM) has a price to book ratio of 11.4 versus Nasdaq average of 4.69. CAVM stock price has outperformed the Nasdaq by 0.4%. The Electronic Components company is currently valued at $3.6 billion and its share price closed the last trading session at $65.52. The stock has a 50-day moving average of $70.21 and a 200-day moving average of $61.29.

Cavium Inc (CAVM) current short interest stands at 2.99 million shares. It has decreased by 11% from the same period of last month. Around 6% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.98 million shares, the number of days required to cover the short positions stand at 3.1 days.

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There are currently twenty-two analysts that cover CAVM stock. Of those twenty-two, fourteen have a Buy rating, eight have a Hold rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $71.82.

A recent analyst activity consisted of Argus Research reiterating their Buy stance on May 1. Argus Research increased their price target on CAVM from $70 to $76. This corresponds to a 16% upside from the last closing price. On the date of report, the stock closed at $65.52.

Jefferies reiterated their Buy stance on April 30, and increased their price target on CAVM stock from $70 to $78. This corresponds to a 19.05% upside from the last closing price. On the date of report, the stock closed at $64.79.

Another research firm was Barclays who reiterated their Overweight stance on April 14. Barclays increased their price target on Cavium Inc from $80 to $85. This translates to a 29.73% upside from the last closing price. On the date of report, the stock closed at $70.45.

Company profile

Cavium Inc. provides semiconductor processors that enable intelligent networking, communications and security applications. The Company offers a broad portfolio of software compatible processors and accelerator boards ranging in performance from 10 Mbps to 10 Gbps.

Stock Technical Report on Cavium Inc (NASDAQ:CAVM) was last modified: May 4th, 2015 by Jason Ford