Susquehanna covered Cavium Networks Inc. (NASDAQ:CAVM), stepping up its target to $65.00 earlier today
- Updated: September 20, 2016
Susquehanna upped the price target of Cavium Networks Inc. (NASDAQ:CAVM) to $65.00 stating a potential upside of 0.14%.
Having a price of $57.14, Cavium Networks Inc. (NASDAQ:CAVM) traded 0.00% even on the day. The last stock close price is up 12.54% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Cavium Networks Inc. has recorded a 50-day average of $52.84 and a 200-day moving average of $50.77. 225 shares of the stock traded hands, down from an average trading volume of 1,398,860
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Cavium Networks Inc. has with a 52 week low of $35.90 and a 52 week high of $73.95 and has a market capitalization of $0.
Also covering Cavium Networks Inc.'s target, a total of 15 equity analysts have released a research note on CAVM. The one year target is $64.00 with eight equity analysts rating the company 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.
About Cavium Networks 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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