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Stock Market & Financial Investment News

News Breaks
May 1, 2014
06:15 EDTCAVMCavium upgraded to Neutral from Reduce at Nomura
Nomura upgraded Cavium to Neutral following the better than expected Q1 report.
News For CAVM From The Last 14 Days
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July 30, 2014
16:21 EDTCAVMCavium reports Q2 adjusted EPS 35c, consensus 33c
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16:18 EDTCAVMCavium to acquire Xpliant for approximately $90M in cash, stock
Cavium announced a definitive agreement to acquire Xpliant. Xpliant is a provider of high performance, high density switch silicon targeting a broad range of switching applications for the data center, cloud, service provider and enterprise markets. The total acquisition cost is projected to be approximately $90M, which includes payments to stockholders, note holders and other liabilities and costs. Cavium was an investor in Xpliant having provided $15M of funding to Xpliant through June, which is included in that total cost estimate. The remaining $75M will be comprised of approximately $40M in cash and $35M in stock.
July 29, 2014
07:55 EDTCAVMCavium shares should be bought after decline, says Oppenheimer
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