Cavium to supply carrier-grade LTE Small Cell base stations to Arcadyan Cavium announced an agreement with Arcadyan for carrier-grade LTE Small Cell base stations with data offload and DPI and the start of lab trials with key operators in Asia, Europe and other regions. The complete and field proven Cavium solution has allowed Arcadyan to quickly engage with LTE service providers to integrate and test LTE small cells in live networks. Different from other small cell chip supplier's solutions, Cavium provides a turnkey solution enabling Arcadyan to integrate extra features according to each operator's requests.
On The Fly: Analyst Downgrade Summary Today's noteworthy downgrades include: Aixtron (AIXG) downgraded to Neutral from Overweight at JPMorgan... Cavium (CAVM) downgraded on checks at JMP Securities... Chico's (CHS) downgraded to Underperform from Peer Perform at Wolfe Research... Chipotle (CMG) downgraded on new E coli infections at Sterne Agee CRT... Constant Contact (CTCT) downgraded to Sell from Hold at Stifel... Fairchild (FCS) downgraded to Neutral from Positive at Susquehanna... Haemonetics (HAE) downgraded to Underperform from Market Perform at Raymond James... Jumei (JMEI) downgraded to Underperform from Buy at CLSA... Phillips 66 (PSX) downgraded to Sell from Neutral at Goldman... Power Integrations (POWI) downgraded to Neutral from Buy at Sidoti... Tata Motors (TTM) downgraded to Sell from Neutral at Goldman... Textura (TXTR) downgraded to Neutral from Outperform at Credit Suisse... TriVascular (TRIV) downgraded to Neutral from Buy at BTIG... Viacom (VIAB) downgraded to Hold from Buy at Deutsche Bank.
Cavium downgraded on checks at JMP Securities As noted earlier, JMP Securities downgraded Cavium to Underperform from Market Perform. The firm says its industry checks indicate that the company is facing higher-than-expected competitive, cost, and timing risks. The firm believes that consensus estimates for the company are excessive, while its valuation is also too high. Target $50.