Cavium Company Profile (NASDAQ:CAVM)

Cavium trades on the NASDAQ under the ticker symbol "CAVM."

Cavium, Inc. (NASDAQ:CAVM) issued its quarterly earnings data on Wednesday, April, 26th. The company reported $0.20 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.29 by $0.09. The company earned $229.58 million during the quarter, compared to the consensus estimate of $227.22 million. Cavium had a negative net margin of 26.52% and a positive return on equity of 4.05%. Cavium's revenue for the quarter was up 125.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.25 earnings per share. View Cavium's Earnings History.

Cavium is scheduled to release their next quarterly earnings announcement on Monday, July, 24th 2017. View Earnings Estimates for Cavium.

Cavium issued an update on its second quarter earnings guidance on Thursday, April, 27th. The company provided EPS guidance of $0.64-0.66 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.62. The company issued revenue guidance of $237-241 million, compared to the consensus revenue estimate of $235.17 million.

18 brokerages have issued 1-year price targets for Cavium's stock. Their forecasts range from $50.50 to $85.00. On average, they expect Cavium's share price to reach $72.66 in the next year. View Analyst Ratings for Cavium.

Here are some recent quotes from research analysts about Cavium stock:

• 1. Needham & Company LLC analysts commented, "CAVM posted its fourth consecutive beat-and-raise quarter with strength across all areas of its business. The core embedded business remains strong and positive contributions from the recently acquired QLogic may result in that business exceeding management’s initial 8% initial growth target for 2017." (4/27/2017)
• 2. Barclays PLC analysts commented, "CAVM's business is continuing to accelerate in 2017 across the core Octeon business, new products, and QLGC. QLGC is seeing share gains both within its existing customer base (HP/Dell) and new cloud customers (such as AMZN) and likely exceeds our estimates this year. Within CAVM's new products, Fusion-M is already at a double-digit run rate with the new "baby" M (500-1K users) and 5G expanding the TAM in 2018+. Thunder has taken longer but we see opportunities for wins with the new T2 portfolio (expected in Q2 and includes Vulcan at high-end) that can add incremental revenue vs. low ARM server expectations. Octeon III continues to roll out driving 10%+ core growth. Net net, still a show me growth story but they are starting to do just that. PT to $80." (3/6/2017)
• 3. According to Zacks Investment Research, "Cavium, Inc. is engaged in providing semiconductor processors that enable networking, communications, storage, video and security applications. The Company offers software compatible processors with functionality in enterprise, data-center, broadband/consumer and access and service provider equipment. Its processors are supported by ecosystem partners that provide operating systems, tools and application support, hardware reference designs and other services. Cavium, Inc., formerly known as Cavium Networks, Inc., is headquartered in Mountain View, California. " (2/17/2017)
• 4. Jefferies Group LLC analysts commented, "CAVM beat and raised again, with a full quarter of QLGC and progress in new products (notably Fusion-M and XPliant). We are encouraged by the progress and visibility into product cycles but remain on the sidelines as we believe multiple expansion will be challenging given the B/S leverage, the acquisition of lower-growth QLGC, and high SBC." (2/2/2017)
• 5. Pacific Crest analysts commented, "We are increasing our 2017 EPS estimate by $0.73 to $2.60. While we believe Cavium likely has significant opportunities to extract significant cost synergies from QLogic, we remain concerned that this acquisition was likely reactive." (8/17/2016)

Some companies that are related to Cavium include Flextronics International (FLEX), Marvell Technology Group (MRVL), Arrow Electronics (ARW), ON Semiconductor Corporation (ON), Coherent (COHR), Microsemi Corporation (MSCC), Siliconware Precision Industries Company (SPIL), Semiconductor Manufacturing International Corporation (SMI), Cypress Semiconductor Corporation (CY), Monolithic Power Systems (MPWR), Integrated Device Technology (IDTI), Sanmina Corporation (SANM), Silicon Laboratories (SLAB), Advanced Energy Industries (AEIS), Cree (CREE), Vishay Intertechnology (VSH), Semtech Corporation (SMTC) and Mellanox Technologies (MLNX).

Cavium's management team includes the folowing people:

• Syed B. Ali, Chairman of the Board of Directors, President, Chief Executive Officer
• Arthur D. Chadwick, Vice President - Finance and Administration, Chief Financial Officer
• Muhammad Raghib Hussain, Chief Operating Officer
• Vincent P. Pangrazio, Senior Vice President, General Counsel and Corporate Secretary
• Anil Kumar Jain, Corporate Vice President - IC Engineering
• Anthony S. Thornley, Lead Independent Director
• Bradley W. Buss, Independent Director
• Edward H. Frank Ph.D., Independent Director
• Sanjay Mehrotra, Independent Director
• Madhav V. Rajan, Independent Director

Cavium's stock is owned by many different of retail and institutional investors. Top institutional shareholders include FMR LLC (14.99%), Vanguard Group Inc. (7.54%), Wellington Management Group LLP (6.62%), BlackRock Inc. (6.46%), JPMorgan Chase & Co. (4.37%) and Ameriprise Financial Inc. (3.78%). Company insiders that own Cavium stock include Anil Kumar Jain, Anthony S Thornley, Arthur D Chadwick, C N Reddy, Muhammad Raghib Hussain, Syed Ali and Vincent P Pangrazio. View Institutional Ownership Trends for Cavium.

Cavium's stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Ameriprise Financial Inc., Credit Suisse AG, American Century Companies Inc., Teachers Advisors LLC, ShearLink Capital LLC, Credit Agricole S A and United Services Automobile Association. Company insiders that have sold Cavium stock in the last year include Anthony S Thornley, Arthur D Chadwick, C N Reddy, Muhammad Raghib Hussain, Syed Ali and Vincent P Pangrazio. View Insider Buying and Selling for Cavium.

Cavium's stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., JPMorgan Chase & Co., Fisher Asset Management LLC, Westfield Capital Management Co. LP, Wellington Management Group LLP, Jericho Capital Asset Management L.P., Gilder Gagnon Howe & Co. LLC and Vanguard Group Inc.. Company insiders that have bought Cavium stock in the last two years include Arthur D Chadwick and Muhammad Raghib Hussain. View Insider Buying and Selling for Cavium.

Shares of Cavium can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Cavium stock can currently be purchased for approximately $66.75.