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Fly News Breaks for August 5, 2016
CAVM
Aug 5, 2016 | 07:04 EDT
Barclays analyst Blayne Curits said Cavium (CAVM) shares are cheap despite its core business being back on track and new products tracking to towards the high end of guidance. The analyst sees substantial accretion from the QLogic (QLGC) acquisition and meaningful strategic synergies in the Ethernet business. Curtis views Overweight rated Cavium as one of the most compelling topline growth stories in semis with one of the cheapest valuations and raised his price target to $60 from $54.
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