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STOCKS RISE, LED BY STELLAR ALPHABET, MICROSOFT EARNINGS

Results from 'Magnificent Seven' duo show cloud revenue boosted by strong AI demand

Cavium (CAVM) in Focus: Stock Moves 10.8% Higher

Zacks Equity Research
Updated

Cavium, Inc. CAVM was a big mover last session, as the company saw its shares rise nearly 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 22.4% in the past one-month time frame.

The move came after the company agreed to be acquired by Marvell Technology for around $6 billion.

The company has seen five positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Cavium. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

Cavium currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.  

Cavium, Inc. Price

Cavium, Inc. Price | Cavium, Inc. Quote

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A better-ranked stock in the Electronics – Semiconductors industry is Cabot Microelectronics Corporation CCMP, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is CAVM going up? Or down? Predict to see what others think: Up or Down

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Zacks Investment Research