Cavium, Inc. (CAVM) was a big mover last session, as the company saw its shares rise by over 6% 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 nearly 12% since May 20, 2014.
The company has seen five positive estimate revisions in the past 30 days, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting more solid trading ahead. 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 #2 (Buy) while its Earnings ESP is 0.00%.
Some better-ranked semiconductor stocks include Applied Micro Circuits Corporation (AMCC), Exar Corp. (EXAR) and OmniVision Technologies, Inc. (OVTI). All these stocks sport a Zacks Rank #1 (Strong Buy).
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