Cavium Reaches New 52-Week High (CAVM)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Cavium (Nasdaq: CAVM) hit a new 52-week high Wednesday as it is currently trading at $38.61, above its previous 52-week high of $38.59 with 387,290 shares traded as of 1:01 p.m. ET. Average volume has been 1.1 million shares over the past 30 days.

Cavium has a market cap of $1.96 billion and is part of the technology sector and electronics industry. Shares are up 22.7% year to date as of the close of trading on Tuesday.

Cavium, Inc. designs, develops, and markets semiconductor processors for intelligent and secure networks. Its semiconductor products enable customers to develop networking, wireless, storage, and electronic equipment.

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TheStreet Ratings rates Cavium as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share. You can view the full Cavium Ratings Report.

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