About Cavium (NASDAQ: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.
Industry, Sector and Symbol:
- Sector: Computer and Technology
- Industry: Semiconductors
- Sub-Industry: Semiconductors
- Symbol: NASDAQ:CAVM
- CUSIP: 14964U10
- Web: www.caviumnetworks.com
- Market Cap: $4.74 billion
- Outstanding Shares: 68,759,000
- 50 Day Moving Avg: $66.55
- 200 Day Moving Avg: $66.77
- 52 Week Range: $50.81 - $76.26
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 19.41
- P/E Growth: 0.80
- Annual Revenue: $865.94 million
- Price / Sales: 5.47
- Book Value: $10.68 per share
- Price / Book: 6.45
- EBITDA: $79.41 million
- Net Margins: -22.82%
- Return on Equity: 5.94%
- Return on Assets: 2.78%
- Debt-to-Equity Ratio: 0.84%
- Current Ratio: 2.71%
- Quick Ratio: 2.10%
- Average Volume: 876,238 shs.
- Beta: 1.25
- Short Ratio: 4.17
Frequently Asked Questions for Cavium (NASDAQ:CAVM)
What is Cavium's stock symbol?
Cavium trades on the NASDAQ under the ticker symbol "CAVM."
How were Cavium's earnings last quarter?
Cavium, Inc. (NASDAQ:CAVM) announced its earnings results on Wednesday, August, 2nd. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.02. The firm earned $242.09 million during the quarter, compared to analyst estimates of $238.93 million. Cavium had a positive return on equity of 5.94% and a negative net margin of 22.82%. The business's revenue was up 125.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.29 EPS. View Cavium's Earnings History.
When will Cavium make its next earnings announcement?
Where is Cavium's stock going? Where will Cavium's stock price be in 2017?
17 brokers have issued 1-year price objectives for Cavium's shares. Their predictions range from $66.00 to $85.00. On average, they anticipate Cavium's stock price to reach $78.13 in the next year. View Analyst Ratings for Cavium.
What are analysts saying about Cavium stock?
Here are some recent quotes from research analysts about Cavium stock:
- 1. 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. " (8/7/2017)
- 2. Canaccord Genuity analysts commented, "We expect management to echo previous comments regarding a lack of visibility as it pertains to a China telco recovery ." (8/4/2017)
- 3. 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)
- 4. 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)
- 5. 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)
Who are some of Cavium's key competitors?
Some companies that are related to Cavium include Marvell Technology Group (MRVL), ON Semiconductor Corporation (ON), Arrow Electronics (ARW), Coherent (COHR), United Microelectronics Corporation (UMC), Semiconductor Manufacturing International Corporation (SMI), Microsemi Corporation (MSCC), Cypress Semiconductor Corporation (CY), Jabil Circuit (JBL), Siliconware Precision Industries (SPIL), Monolithic Power Systems (MPWR), Silicon Laboratories (SLAB), Integrated Device Technology (IDTI), Advanced Energy Industries (AEIS), Cree (CREE), Vishay Intertechnology (VSH), Tower Semiconductor (TSEM) and Sanmina Corporation (SANM).
Who are Cavium's key executives?
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
Who owns Cavium stock?
Cavium's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Fisher Asset Management LLC (1.33%), Inverness Counsel LLC NY (0.36%), Summit Creek Advisors LLC (0.29%), Bender Robert & Associates (0.11%), Tributary Capital Management LLC (0.04%) and Pier 88 Investment Partners LLC (0.01%). 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.
Who sold Cavium stock? Who is selling Cavium stock?
Cavium's stock was sold by a variety of institutional investors in the last quarter, including Arcadia Investment Management Corp MI and Bender Robert & Associates. 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.
Who bought Cavium stock? Who is buying Cavium stock?
Cavium's stock was purchased by a variety of institutional investors in the last quarter, including Fisher Asset Management LLC, Inverness Counsel LLC NY, Summit Creek Advisors LLC, Tributary Capital Management LLC and Pier 88 Investment Partners LLC. 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.
How do I buy Cavium stock?
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.
What is Cavium's stock price today?
MarketBeat Community Rating for Cavium (NASDAQ CAVM)MarketBeat's community ratings are surveys of what our community members think about Cavium and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Cavium stock can currently be purchased for approximately $68.91.
Consensus Ratings for Cavium (NASDAQ:CAVM) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||4 Hold Ratings, 13 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.76)|
|Consensus Price Target: ||$78.13 (13.38% upside)|Consensus Price Target History for Cavium (NASDAQ:CAVM)
Analysts' Ratings History for Cavium (NASDAQ:CAVM)
(Data available from 10/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/19/2017||Jefferies Group LLC||Set Price Target||Buy||$79.00||N/A|
|10/12/2017||Stifel Nicolaus||Reiterated Rating||Hold||$66.00||N/A|
|10/1/2017||Bank of America Corporation||Reiterated Rating||Buy||High|
|9/14/2017||Raymond James Financial, Inc.||Reiterated Rating||Outperform||$75.00||Medium|
|8/22/2017||Loop Capital||Reiterated Rating||Buy||$81.00||Low|
|8/16/2017||MKM Partners||Reiterated Rating||Buy||$81.00||Low|
|8/15/2017||Canaccord Genuity||Reiterated Rating||Hold||$66.00||High|
|7/21/2017||Barclays PLC||Upgrade||Equal Weight -> Overweight||Low|
|6/22/2017||Pacific Crest||Reiterated Rating||Equal Weight||Medium|
|6/9/2017||Longbow Research||Initiated Coverage||Buy -> Buy||$85.00||High|
|4/28/2017||Morgan Stanley||Boost Price Target||Overweight||$75.00 -> $80.00||Medium|
|4/27/2017||Needham & Company LLC||Reiterated Rating||Buy -> Buy||$77.00 -> $78.00||High|
|3/30/2017||Macquarie||Initiated Coverage||Outperform -> Outperform||$85.00||Low|
|3/14/2017||Argus||Boost Price Target||Buy||$75.00 -> $82.00||Low|
|2/22/2017||Rosenblatt Securities||Initiated Coverage||Neutral||N/A|
|1/24/2017||Benchmark Co.||Boost Price Target||Buy||$63.00 -> $69.00||N/A|
|9/20/2016||Susquehanna Bancshares Inc||Initiated Coverage||Positive||$65.00||N/A|
|9/13/2016||J P Morgan Chase & Co||Reiterated Rating||Overweight||N/A|
|7/28/2016||Brean Capital||Reiterated Rating||Buy||$60.00 -> $57.00||N/A|
|6/15/2016||Oppenheimer Holdings, Inc.||Downgrade||Outperform -> Market Perform||N/A|
|4/28/2016||Roth Capital||Reiterated Rating||Buy||N/A|
|4/28/2016||Topeka Capital Markets||Lower Price Target||Hold||$63.00 -> $55.00||N/A|
|1/28/2016||William Blair||Reiterated Rating||Buy||N/A|
|11/23/2015||JMP Securities||Downgrade||Market Perform -> Underperform||$50.00||N/A|
Earnings History for Cavium (NASDAQ:CAVM)Earnings History by Quarter for Cavium (NASDAQ CAVM)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/2/2017||Q2 2017||$0.65||$0.67||$238.93 million||$242.09 million||View||Listen|
|4/26/2017||Q1 2017||$0.29||$0.20||$227.22 million||$229.58 million||View||N/A|
|2/1/2017||Q416||$0.54||$0.56||$224.49 million||$226.20 million||View||Listen|
|11/1/2016||Q316||$0.14||($0.16)||$159.55 million||$168.10 million||View||Listen|
|7/26/2016||Q2||$0.29||$0.29||$106.70 million||$107.20 million||View||Listen|
|4/27/2016||Q116||$0.25||$0.25||$102.13 million||$101.90 million||View||Listen|
|1/27/2016||Q415||$0.28||$0.28||$100.39 million||$100.90 million||View||Listen|
|10/28/2015||Q315||$0.38||$0.38||$105.06 million||$105.10 million||View||Listen|
|7/29/2015||Q2||$0.41||$0.41||$104.90 million||$105.00 million||View||Listen|
|4/29/2015||Q115||$0.39||$0.40||$101.70 million||$101.80 million||View||N/A|
|1/28/2015||Q414||$0.41||$0.42||$100.82 million||$101.20 million||View||Listen|
|10/29/2014||Q314||$0.39||$0.40||$97.05 million||$97.83 million||View||Listen|
|7/30/2014||Q214||$0.33||$0.35||$90.04 million||$90.70 million||View||Listen|
|4/30/2014||Q114||$0.12||$0.12||$81.63 million||$83.20 million||View||Listen|
|1/29/2014||Q413||$0.30||$0.31||$81.12 million||$81.10 million||View||Listen|
|10/30/2013||Q313||$0.26||$0.29||$78.70 million||$79.10 million||View||Listen|
|7/31/2013||Q2 2013||$0.22||$0.23||$74.10 million||$74.20 million||View||Listen|
|4/30/2013||Q1 2013||$0.18||$0.19||$69.31 million||$69.50 million||View||Listen|
|1/31/2013||Q4 2012||$0.17||$0.20||$66.09 million||$66.40 million||View||N/A|
|10/29/2012||Q312||$0.11||$0.15||$60.65 million||$61.10 million||View||N/A|
Earnings Estimates for Cavium (NASDAQ:CAVM)
2017 EPS Consensus Estimate: $0.98
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for Cavium (NASDAQ:CAVM)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Cavium (NASDAQ:CAVM)
Insider Ownership Percentage: 4.65%Insider Trades by Quarter for Cavium (NASDAQ:CAVM)
Institutional Ownership Percentage: 98.19%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/17/2017||Muhammad Raghib Hussain||COO||Sell||20,000||$61.85||$1,237,000.00|| |
|5/16/2017||Arthur D Chadwick||VP||Sell||40,000||$75.14||$3,005,600.00|| |
|5/16/2017||Vincent P Pangrazio||SVP||Sell||15,000||$75.73||$1,135,950.00|| |
|3/8/2017||Arthur D Chadwick||VP||Sell||63,813||$69.76||$4,451,594.88|| |
|2/17/2017||Muhammad Raghib Hussain||COO||Sell||90,000||$66.93||$6,023,700.00|| |
|2/6/2017||Anthony S Thornley||Director||Sell||12,500||$65.68||$821,000.00|| |
|2/3/2017||Vincent P Pangrazio||SVP||Sell||25,000||$66.95||$1,673,750.00|| |
|12/13/2016||C N Reddy||Director||Sell||12,500||$63.26||$790,750.00|| |
|11/21/2016||Syed Ali||CEO||Sell||109,948||$54.85||$6,030,647.80|| |
|8/25/2016||Arthur D Chadwick||VP||Buy||20,000||$55.33||$1,106,600.00|| |
|8/16/2016||Arthur D Chadwick||VP||Buy||10,000||$51.94||$519,400.00|| |
|8/16/2016||Muhammad Raghib Hussain||COO||Buy||20,000||$51.86||$1,037,200.00|| |
|2/17/2016||Anthony S. Thornley||Director||Sell||12,500||$57.04||$713,000.00|| |
|2/9/2016||Arthur D Chadwick||CFO||Buy||20,000||$47.77||$955,400.00|| |
|2/8/2016||Syed Ali||CEO||Sell||376,520||$52.10||$19,616,692.00|| |
|2/2/2016||Anil Kumar Jain||VP||Sell||3,638||$55.73||$202,745.74|| |
|6/5/2015||C N Reddy||Director||Sell||25,000||$73.91||$1,847,750.00|| |
|5/4/2015||Vincent P Pangrazio||SVP||Sell||12,000||$64.63||$775,560.00|| |
|3/12/2015||Syed Ali||CEO||Sell||175,000||$69.31||$12,129,250.00|| |
|3/6/2015||Arthur D Chadwick||CFO||Sell||13,100||$69.48||$910,188.00|| |
|2/17/2015||Arthur D Chadwick||CFO||Sell||25,582||$62.35||$1,595,037.70|| |
|2/6/2015||Anil Kumar Jain||VP||Sell||12,881||$59.00||$759,979.00|| |
|2/2/2015||Anil Kumar Jain||VP||Sell||44,144||$59.32||$2,618,622.08|| |
|2/2/2015||Vincent P Pangrazio||SVP||Sell||10,000||$56.75||$567,500.00|| |
|11/3/2014||Vincent P Pangrazio||SVP||Sell||3,325||$51.34||$170,705.50|| |
|9/4/2014||Arthur D Chadwick||CFO||Sell||42,500||$55.57||$2,361,725.00|| |
|8/4/2014||Vincent P Pangrazio||SVP||Sell||3,325||$47.08||$156,541.00|| |
|6/12/2014||Arthur D Chadwick||CFO||Sell||16,500||$51.91||$856,515.00|| |
|5/28/2014||Anil Kumar Jain||VP||Sell||3,400||$49.90||$169,660.00|| |
|5/27/2014||Anil Kumar Jain||VP||Sell||60,500||$47.80||$2,891,900.00|| |
|5/23/2014||Arthur D Chadwick||CFO||Sell||30,000||$46.09||$1,382,700.00|| |
|5/20/2014||C Reddy||Director||Sell||25,000||$43.76||$1,094,000.00|| |
|5/19/2014||Anil Kumar Jain||VP||Sell||66,400||$44.67||$2,966,088.00|| |
|5/9/2014||Syed Ali||CEO||Sell||150,000||$40.54||$6,081,000.00|| |
|5/5/2014||Vincent Pangrazio||SVP||Sell||3,325||$42.90||$142,642.50|| |
|5/2/2014||Anil Kumar Jain||VP||Sell||36,475||$44.58||$1,626,055.50|| |
|2/26/2014||Anil Kumar Jain||VP||Sell||3,750||$42.50||$159,375.00|| |
|2/3/2014||Vincent Pangrazio||SVP||Sell||1,825||$36.86||$67,269.50|| |
|11/1/2013||Vincent P Pangrazio||SVP||Sell||3,500||$40.04||$140,140.00|| |
|8/26/2013||Arthur Chadwick||CFO||Sell||30,000||$38.00||$1,140,000.00|| |
|8/13/2013||Vincent Pangrazio||SVP||Sell||3,000||$36.47||$109,410.00|| |
|5/8/2013||Vincent P Pangrazio||SVP||Sell||2,750||$34.89||$95,947.50|| |
|8/9/2012||Rajiv Khemani||COO||Sell||20,000||$33.15||$663,000.00|| |
Headline Trends for Cavium (NASDAQ:CAVM)
Latest Headlines for Cavium (NASDAQ:CAVM)
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Cavium (CAVM) Chart for Monday, October, 23, 2017