In today’s session Cavium Inc (CAVM) recorded an unusually high (713) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious CAVM decrease. With 713 contracts traded and 13364 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: CAVM161216P00060000 closed last at: $6.8 or 7.9% up. About 350,897 shares traded hands. Cavium Inc (NASDAQ:CAVM) has declined 6.27% since March 2, 2016 and is downtrending. It has underperformed by 14.53% the S&P500.
Analysts await Cavium Inc (NASDAQ:CAVM) to report earnings on October, 26. They expect $0.13 EPS, down 18.75% or $0.03 from last year’s $0.16 per share. CAVM’s profit will be $7.55 million for 111.90 P/E if the $0.13 EPS becomes a reality. After $0.04 actual EPS reported by Cavium Inc for the previous quarter, Wall Street now forecasts 225.00% EPS growth.
Cavium Inc (NASDAQ:CAVM) Ratings Coverage
Out of 16 analysts covering Cavium Networks Inc. (NASDAQ:CAVM), 9 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 56% are positive. Cavium Networks Inc. has been the topic of 29 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The stock of Cavium Inc (NASDAQ:CAVM) has “Overweight” rating given on Saturday, September 5 by Barclays Capital. The stock of Cavium Inc (NASDAQ:CAVM) has “Overweight” rating given on Friday, May 13 by Barclays Capital. The firm has “Hold” rating given on Thursday, June 16 by Jeffries. Canaccord Genuity downgraded the shares of CAVM in a report on Thursday, June 16 to “Hold” rating. As per Thursday, June 16, the company rating was maintained by Brean Capital. Morgan Stanley maintained the stock with “Overweight” rating in Thursday, April 28 report. The rating was maintained by JP Morgan with “Overweight” on Tuesday, September 13. The rating was initiated by Susquehanna with “Positive” on Tuesday, September 20. The firm has “Underperform” rating given on Monday, November 23 by JMP Securities. The stock has “Buy” rating given by Needham on Thursday, July 30.
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.”
Insitutional Activity: The institutional sentiment decreased to 0.9 in Q2 2016. Its down 0.05, from 0.95 in 2016Q1. The ratio turned negative, as 59 funds sold all Cavium Inc shares owned while 59 reduced positions. 30 funds bought stakes while 76 increased positions. They now own 60.99 million shares or 0.39% less from 61.23 million shares in 2016Q1.
Massmutual Tru Fsb Adv holds 6,565 shares or 0% of its portfolio. Acadian Asset Mgmt Ltd Limited Liability Company accumulated 0% or 225 shares. Citadel Advisors Ltd Liability Com holds 2.06M shares or 0.09% of its portfolio. Legal & General Group Public Limited Liability accumulated 12,113 shares or 0% of the stock. Finemark Retail Bank And Tru has invested 0% of its portfolio in Cavium Inc (NASDAQ:CAVM). Blackrock Advisors Limited Liability holds 0% or 29,654 shares in its portfolio. Avalon Global Asset Mngmt has 1.35% invested in the company for 60,700 shares. Moreover, Blackrock Mngmt Ltd Limited Liability Company has 0.01% invested in Cavium Inc (NASDAQ:CAVM) for 209,805 shares. Thrivent For Lutherans has 0.03% invested in the company for 148,052 shares. The Texas-based Teacher Retirement Sys Of Texas has invested 0% in Cavium Inc (NASDAQ:CAVM). Tudor Inv Et Al last reported 6,100 shares in the company. Da Davidson holds 2,678 shares or 0% of its portfolio. Neuberger Berman Group Incorporated Ltd Llc, a New York-based fund reported 252,500 shares. Geode Management Limited Liability Com accumulated 0.01% or 402,380 shares. Moreover, Panagora Asset Management has 0.05% invested in Cavium Inc (NASDAQ:CAVM) for 247,332 shares.
Insider Transactions: Since August 16, 2016, the stock had 3 buys, and 0 sales for $2.66 million net activity. CHADWICK ARTHUR D bought $519,400 worth of stock or 10,000 shares. $1.04 million worth of Cavium Inc (NASDAQ:CAVM) shares were bought by Hussain Muhammad Raghib.
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 has a market cap of $3.38 billion. The Company’s products include OCTEON, OCTEON Fusion, OCTEON XL, LiquidIO, NITROX, NEURON Search, ThunderX, Xpliant and XPA. It currently has negative earnings. It serves providers of networking equipment that sell into the enterprise, datacenter, service provider, and broadband and consumer markets.
CAVM Company Profile
Cavium, Inc., incorporated on June 22, 2006, is a well-known 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 offers integrated semiconductors that provide single or multiple cores of processors, along with intelligent Layer 2 through 7 processing for enterprise network, data center, broadband and consumer, and access and service well-known provider markets.
More notable recent Cavium Inc (NASDAQ:CAVM) news were published by: Prnewswire.com which released: “Cavium, Inc. Commences Exchange Offer to Acquire QLogic Corporation” on July 13, 2016, also Prnewswire.com with their article: “Cavium Schedules Q3 2016 Financial Results Conference Call” published on October 03, 2016, Prnewswire.com published: “Cavium, Inc. Announces Extension of the Expiration of the Exchange Offer in …” on August 10, 2016. More interesting news about Cavium Inc (NASDAQ:CAVM) were released by: Prnewswire.com and their article: “Cavium, Inc. Announces Successful Completion of the Exchange Offer in …” published on August 16, 2016 as well as Prnewswire.com‘s news article titled: “Cavium Adds Microsemi’s Storage Solutions to ThunderX® Processor Family” with publication date: June 21, 2016.
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