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Fly News Breaks for April 28, 2016
CAVM
Apr 28, 2016 | 08:33 EDT
Roth Capital analyst Krishna Shankar remains a buyer of Cavium after the company reported in-line Q1 revenue and pro forma EPS. The analyst believes growth may accelerate in the second half of 2016 and in 2017, with new platforms such as multi-core ARM ThunderX network and security processors, Xpliant datacenter switches, network acceleration and security adapter cards. Shankar reiterates a Buy rating and $65 price target on the shares.
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