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Cavium (CAVM) Jumps: Stock Rises 5.5%
May 02, 2014

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Cavium, Inc. (CAVM - Free Report) was a big mover last session, as the company saw its shares rise over 5% 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 $40.64 to $44.69 since Apr 4.

The company has seen no estimate revision 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, some better-ranked stocks in the semiconductor broad line industry include PLX Technology Inc. , Rambus Inc. (RMBS - Free Report) and Advanced Semiconductor Engineering Inc. (ASX - Free Report) . While PLX Technology and Rambus sport a Zacks Rank #1 (Strong Buy), Advanced Semiconductor Engineering has a Zacks Rank #2 (Buy).

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