Cavium, Inc. (CAVM) was a big mover last session, as the company saw its shares rise over 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $39.34 to $47.06 since Oct 9.
The company has seen no estimate revision over the past 30 days and the Zacks Consensus Estimate has not been in a trend either. Yesterday’s jump is encouraging though, so make sure to keep a close watch on this firm in the near future.
Cavium currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
However, better-ranked stocks in the elec-comp semic industry include Ambarella, Inc. (AMBA), Silicon Motion Technology Corp. (SIMO) and SunEdison, Inc. (SUNE). All of these have a Zacks Rank #1 (Strong Buy).
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