Cavium Stock Hits New 52-Week Low (CAVM)

NEW YORK ( TheStreet) -- Cavium Inc (Nasdaq: CAVM) hit a new 52-week low Tuesday as it is currently trading at $24.33, below its previous 52-week low of $25.09 with 415,989 shares traded as of 10:05 a.m. ET. Average volume has been 1.7 million shares over the past 30 days.

Cavium has a market cap of $1.3 billion and is part of the technology sector and electronics industry. Shares are down 33% year to date as of the close of trading on Monday.

Cavium, Inc. designs, develops, and markets semiconductor processors for intelligent and secure networks. The company has a P/E ratio of 29.2, below the average electronics industry P/E ratio of 30.3 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Cavium as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and premium valuation. You can view the full Cavium Ratings Report.

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