Cavium, Inc. (CAVM) was a big mover last session, as the company saw its shares rise above 6% on the day. The upside came on solid volume with far more shares changing hands than in a normal session. It breaks the recent trend for the company, as the stock is now trading above the volatile price range of $62.85 to $67.91 in the past one-month time frame.
In the last 30 days, the company has seen two downward estimate revisions and its Zacks Consensus Estimate also moved lower, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.
Cavium holds a Zacks Rank #3 (Hold).
A better-ranked Semiconductor stock is Ambarella, Inc. (AMBA), which sports a Zacks Rank #1 (Strong Buy).
Is CAVM going up? Or down? Predict to see what others think: Up or Down
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