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CAVIUM NETWORKS INC (CAVM) upgraded to Outperform with price target $53 by Oppenheimer

Posted on: Tuesday,  Oct 14, 2014  8:25 AM ET by Oppenheimer

Oppenheimer rated Outperform CAVIUM NETWORKS INC (NASDAQ: CAVM) on 10/14/2014. Previously Oppenheimer rated Perform
CAVIUM NETWORKS INC (NASDAQ: CAVM) on 03/08/2010., when the stock price was $24.33. Since then, CAVIUM NETWORKS INC has gained 65.19% as of 10/14/2014's recent price of $40.19.

Cavium Networks, Inc. is a provider of integrated semiconductor processors that enable intelligent processing for networking, communications, storage, wireless, security and video applications. Its products include a suite of embedded security protocols that enable unified threat management (UTM), secure connectivity, network perimeter protection network virtualization, broadband gateways, third generation/fourth generation (3G/4G) wireless infrastructure, storage systems, wireless high definition multimedia interface (HDMI) cable replacement and embedded video applications. Its products are systems on a chip (SoCs), which incorporate single or multiple processor cores, an integrated architecture and customizable software that is based on a range of operating systems. On August 1, 2008, it acquired Star Semiconductor Corporation. On December 23, 2008, it acquired W&W Communications, Inc.

OppenheimerFunds, Inc. has been helping investors achieve their financial goals since 1960. We are one of the nation's largest and most respected asset management companies. At OppenheimerFunds, we believe that in order for you to reach your financial goals, your investments must perform. That is why investment excellence—over the long term and across the range of our products—is our highest priority. OppenheimerFunds and its controlled affiliates offer a broad range of products and services to individuals, corporations and institutions, including mutual funds, separately managed accounts, investment management for institutions, hedge fund products, qualified retirement plans and subadvisory investment-management services.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/14/2014 8:25 AM Buy
40.19 53.00
as of 10/17/2014
1 Week up  6.81 %
1 Month up  6.81 %
3 Months up  6.81 %
1 YTD up  6.81 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/8/2010 8:25 AM None
4/11/2008 8:25 AM None

(*) Stock Price at the time of the recommendation.
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