Cavium Stock Falls On Unusually High Volume (CAVM)

NEW YORK ( TheStreet) -- Cavium (Nasdaq: CAVM) is trading at unusually high volume Wednesday with 4.9 million shares changing hands. It is currently at 4.1 times its average daily volume and trading down $3.03 (-10.2%) at $26.72 as of 3:45 p.m. ET.

Cavium has a market cap of $1.45 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 Tuesday.

Cavium, Inc. designs, develops, and markets semiconductor processors for intelligent and secure networks. The company has a P/E ratio of 29.2, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Cavium as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full Cavium Ratings Report.

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