Cavium, Inc. was a big mover last session, as the company saw its shares rise nearly 11% 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 22.4% in the past one-month time frame.
The move came after the company agreed to be acquired by Marvell Technology for around $6 billion.
The company has seen five positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Cavium. 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 #3 (Hold) while its Earnings ESP is 0.00%.
A better-ranked stock in the Electronics – Semiconductors industry is Cabot Microelectronics Corporation , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is CAVM going up? Or down? Predict to see what others think: Up or Down
Zacks' Hidden Trades
While we share many recommendations and ideas with the public, certain moves are hidden from everyone but selected members of our portfolio services. Would you like to peek behind the curtain today and view them?
Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors.
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Cavium (CAVM) in Focus: Stock Moves 10.8% Higher
Cavium, Inc. was a big mover last session, as the company saw its shares rise nearly 11% 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 22.4% in the past one-month time frame.
The move came after the company agreed to be acquired by Marvell Technology for around $6 billion.
The company has seen five positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Cavium. 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 #3 (Hold) while its Earnings ESP is 0.00%.
Cavium, Inc. Price
Cavium, Inc. Price | Cavium, Inc. Quote
A better-ranked stock in the Electronics – Semiconductors industry is Cabot Microelectronics Corporation , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is CAVM going up? Or down? Predict to see what others think: Up or Down
Zacks' Hidden Trades
While we share many recommendations and ideas with the public, certain moves are hidden from everyone but selected members of our portfolio services. Would you like to peek behind the curtain today and view them?
Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors.
Click here for Zacks' secret trade>>