Cavium ( CAVM) pushed the Technology sector lower today making it today's featured Technology loser. The sector as a whole closed the day up 1.4%. By the end of trading, Cavium fell 16 cents (-0.6%) to $28.06 on average volume. Throughout the day, 1.6 million shares of Cavium exchanged hands as compared to its average daily volume of 1.4 million shares. The stock ranged in price between $27.97-$29.16 after having opened the day at $28.34 as compared to the previous trading day's close of $28.21. Other company's within the Technology sector that declined today were: Nexxus Lighting ( NEXS), down 13.3%, Affymetrix ( AFFX), down 12.7%, Tegal Corporation ( TGAL), down 10.8%, and Cover-All Technologies ( COVR), down 10%. Cavium, Inc. designs, develops, and markets semiconductor processors for intelligent and secure networks. Cavium has a market cap of $1.34 billion and is part of the electronics industry. The company has a P/E ratio of 29.2, above the S&P 500 P/E ratio of 17.7. Shares are down 33% year to date as of the close of trading on Monday. Currently there are 12 analysts that rate Cavium a buy, one analyst rates it a sell, and six rate it a hold. 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.
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