Jefferies Recommends Buying Cavium Networks (CAVM) Into Any Weakness
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Price: $86.23 --0%
Rating Summary:
12 Buy, 18 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
12 Buy, 18 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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Jefferies maintains a 'Buy' on Cavium Networks (NASDAQ: CAVM) price target of $35.00.
Analyst, Sundeep Bajikar, said, "CAVM stock has come under pressure recently, we believe primarily due to certain negative data points privately circulated among investors. However, our checks indicate near-term order trends are positive, the competitive landscape is favorable, and new revenue opportunity of ~$75-100m/yr in Wireless Base Station, and new product potential, are under-appreciated."
For an analyst ratings summary and ratings history on Cavium Networks click here. For more ratings news on Cavium Networks click here.
Shares of Cavium Networks closed at $23.39 yesterday.
Analyst, Sundeep Bajikar, said, "CAVM stock has come under pressure recently, we believe primarily due to certain negative data points privately circulated among investors. However, our checks indicate near-term order trends are positive, the competitive landscape is favorable, and new revenue opportunity of ~$75-100m/yr in Wireless Base Station, and new product potential, are under-appreciated."
For an analyst ratings summary and ratings history on Cavium Networks click here. For more ratings news on Cavium Networks click here.
Shares of Cavium Networks closed at $23.39 yesterday.
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