Cavium Networks Earnings: Here’s Why Investors are Not Excited Now
Cavium Networks, Inc. (NASDAQ:CAVM) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 4.81%.
Cavium Networks, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 228.57% to $0.23 in the quarter versus EPS of $0.07 in the year-earlier quarter.
Revenue: Rose 34.2% to $74.2 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Cavium Networks, Inc. reported adjusted EPS income of $0.23 per share. By that measure, the company beat the mean analyst estimate of $0.22. It beat the average revenue estimate of $74.13 million.
Key Stats (on next page)…