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Fly News Breaks for May 2, 2016
CAVM
May 2, 2016 | 08:55 EDT
After Cavium reported in-line Q1 results but provided lower than expected Q2 EPS guidance, Argus says that demand for some of the company's mature products has declined. However, the firm thinks that the company is poised to grow faster than its peer average over the longer term ,driven by new products and the recovery of wireless end markets. The firm keeps a Buy rating on the shares.
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