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Cavium Inc (NASDAQ:CAVM) target price raised to $63.00, issued a report today by Zacks Investment Research

Zacks Investment Research bumped up the price target of Cavium Inc (NASDAQ:CAVM) to $63.00 stating a potential upside of 0.10%.

Previously on Tuesday September 20, 2016, Susquehanna released a statement about Cavium Inc (NASDAQ:CAVM) increased the target price from $0.00 to $65.00. At the time, this indicated a possible upside of 0.14%.

Just yesterday Cavium Inc (NASDAQ:CAVM) traded 2.01% higher at $57.39. Cavium Inc’s 50-day moving average is $54.48 and its 200-day moving average is $50.62. The last stock price is up 13.38% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 791,147 shares of CAVM traded hands, down from an average trading volume of 1,289,030

Recent Performance Chart

Cavium Inc (NASDAQ:CAVM)

Cavium Inc has 52 week low of $35.90 and a 52 week high of $73.95 and has a market capitalization of $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 15 brokerages have issued a ratings update on the company. The average stock price target is $64.00 with 8 brokerages rating the stock a strong buy, 6 brokerages rating the stock a buy, 5 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On Cavium Inc (NASDAQ:CAVM)

Cavium, Inc. is a provider of semiconductor processors, which enables processing for wired and wireless networking, communications, storage, cloud, wireless, security, video and connected home and office applications. The Company's products include OCTEON, OCTEON Fusion, OCTEON XL, LiquidIO, NITROX, NEURON Search, ThunderX, Xpliant and XPA. It serves providers of networking equipment that sell into the enterprise, datacenter, service provider, and broadband and consumer markets. In the enterprise market, its products are used in routers, switches, wireless local area networks and unified threat management (UTM). In the datacenter market, its products are used in servers and server load balancers. In the service provider market in wired infrastructure, its products are used in edge routers, cable modem termination system head-ends and media gateways, and in wireless infrastructure. In the broadband and consumer market, its products are used in home gateways and UTM, among others.

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