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Fly News Breaks for August 3, 2017
CAVM
Aug 3, 2017 | 08:46 EDT
Benchmark analyst Gary Mobley said recent concerns over telco and data center spending sluggishness has created a buying opportunity in Cavium, which he believes proved its doubters wrong with its Q2 results and Q3 guidance. The analyst, who also notes the stock's low valuation relative to its historic levels, keeps a Buy rating and $80 price target on Cavium shares.
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