Intrinsic value of Cavium - CAVM

Previous Close

$88.71

  Intrinsic Value

$33.88

stock screener

  Rating & Target

str. sell

-62%

Previous close

$88.71

 
Intrinsic value

$33.88

 
Up/down potential

-62%

 
Rating

str. sell

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of CAVM stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

Please visit our new site that uses elements of artificial intelligence for stock valuation: artificial intelligence value of Cavium (CAVM) stock.

STOCK VALUATION INPUT DATA

Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Shares outstanding, mln

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  46.00
  50.00
  45.50
  41.45
  37.81
  34.52
  31.57
  28.91
  26.52
  24.37
  22.43
  20.69
  19.12
  17.71
  16.44
  15.29
  14.27
  13.34
  12.50
  11.75
  11.08
  10.47
  9.92
  9.43
  8.99
  8.59
  8.23
  7.91
  7.62
  7.36
  7.12
Revenue, $m
  603
  905
  1,316
  1,862
  2,565
  3,451
  4,541
  5,853
  7,406
  9,211
  11,277
  13,610
  16,213
  19,084
  22,221
  25,620
  29,275
  33,179
  37,328
  41,716
  46,338
  51,190
  56,270
  61,577
  67,112
  72,876
  78,874
  85,111
  91,594
  98,331
  105,332
Variable operating expenses, $m
 
  921
  1,330
  1,871
  2,569
  3,448
  4,528
  5,831
  7,371
  9,162
  11,211
  13,502
  16,084
  18,932
  22,044
  25,416
  29,041
  32,915
  37,031
  41,384
  45,969
  50,782
  55,822
  61,086
  66,577
  72,296
  78,246
  84,433
  90,864
  97,547
  104,492
Fixed operating expenses, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  737
  921
  1,330
  1,871
  2,569
  3,448
  4,528
  5,831
  7,371
  9,162
  11,211
  13,502
  16,084
  18,932
  22,044
  25,416
  29,041
  32,915
  37,031
  41,384
  45,969
  50,782
  55,822
  61,086
  66,577
  72,296
  78,246
  84,433
  90,864
  97,547
  104,492
Operating income, $m
  -134
  -17
  -14
  -9
  -4
  3
  12
  23
  35
  49
  66
  108
  129
  152
  177
  204
  233
  264
  297
  332
  369
  408
  448
  491
  535
  581
  628
  678
  730
  783
  839
EBITDA, $m
  -35
  121
  176
  249
  343
  461
  607
  782
  990
  1,231
  1,507
  1,819
  2,167
  2,550
  2,970
  3,424
  3,912
  4,434
  4,989
  5,575
  6,193
  6,841
  7,520
  8,229
  8,969
  9,739
  10,541
  11,374
  12,240
  13,141
  14,076
Interest expense (income), $m
  10
  25
  40
  61
  89
  125
  170
  225
  292
  372
  464
  569
  688
  821
  967
  1,127
  1,301
  1,487
  1,686
  1,898
  2,122
  2,357
  2,605
  2,864
  3,135
  3,417
  3,711
  4,017
  4,335
  4,666
  5,009
Earnings before tax, $m
  -146
  -42
  -54
  -70
  -92
  -121
  -158
  -203
  -258
  -322
  -398
  -461
  -559
  -669
  -790
  -923
  -1,067
  -1,223
  -1,389
  -1,566
  -1,752
  -1,950
  -2,157
  -2,373
  -2,600
  -2,836
  -3,083
  -3,339
  -3,605
  -3,882
  -4,170
Tax expense, $m
  1
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Net income, $m
  -147
  -42
  -54
  -70
  -92
  -121
  -158
  -203
  -258
  -322
  -398
  -461
  -559
  -669
  -790
  -923
  -1,067
  -1,223
  -1,389
  -1,566
  -1,752
  -1,950
  -2,157
  -2,373
  -2,600
  -2,836
  -3,083
  -3,339
  -3,605
  -3,882
  -4,170

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  221
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  1,651
  2,143
  3,119
  4,411
  6,079
  8,178
  10,759
  13,871
  17,550
  21,827
  26,723
  32,252
  38,419
  45,223
  52,657
  60,711
  69,371
  78,624
  88,456
  98,854
  109,805
  121,303
  133,341
  145,917
  159,032
  172,692
  186,906
  201,686
  217,047
  233,011
  249,601
Adjusted assets (=assets-cash), $m
  1,430
  2,143
  3,119
  4,411
  6,079
  8,178
  10,759
  13,871
  17,550
  21,827
  26,723
  32,252
  38,419
  45,223
  52,657
  60,711
  69,371
  78,624
  88,456
  98,854
  109,805
  121,303
  133,341
  145,917
  159,032
  172,692
  186,906
  201,686
  217,047
  233,011
  249,601
Revenue / Adjusted assets
  0.422
  0.422
  0.422
  0.422
  0.422
  0.422
  0.422
  0.422
  0.422
  0.422
  0.422
  0.422
  0.422
  0.422
  0.422
  0.422
  0.422
  0.422
  0.422
  0.422
  0.422
  0.422
  0.422
  0.422
  0.422
  0.422
  0.422
  0.422
  0.422
  0.422
  0.422
Average production assets, $m
  508
  762
  1,108
  1,567
  2,160
  2,906
  3,823
  4,929
  6,236
  7,755
  9,495
  11,460
  13,651
  16,069
  18,710
  21,572
  24,649
  27,937
  31,431
  35,125
  39,016
  43,102
  47,379
  51,848
  56,508
  61,362
  66,412
  71,664
  77,122
  82,795
  88,689
Working capital, $m
  321
  194
  282
  398
  549
  739
  972
  1,253
  1,585
  1,971
  2,413
  2,913
  3,470
  4,084
  4,755
  5,483
  6,265
  7,100
  7,988
  8,927
  9,916
  10,955
  12,042
  13,177
  14,362
  15,596
  16,879
  18,214
  19,601
  21,043
  22,541
Total debt, $m
  733
  1,142
  1,742
  2,537
  3,563
  4,853
  6,441
  8,354
  10,617
  13,247
  16,259
  19,659
  23,452
  27,636
  32,208
  37,161
  42,487
  48,178
  54,225
  60,619
  67,354
  74,425
  81,829
  89,563
  97,629
  106,030
  114,771
  123,861
  133,308
  143,126
  153,329
Total liabilities, $m
  909
  1,318
  1,918
  2,713
  3,739
  5,029
  6,617
  8,530
  10,793
  13,423
  16,435
  19,835
  23,628
  27,812
  32,384
  37,337
  42,663
  48,354
  54,401
  60,795
  67,530
  74,601
  82,005
  89,739
  97,805
  106,206
  114,947
  124,037
  133,484
  143,302
  153,505
Total equity, $m
  742
  825
  1,201
  1,698
  2,340
  3,148
  4,142
  5,340
  6,757
  8,403
  10,288
  12,417
  14,791
  17,411
  20,273
  23,374
  26,708
  30,270
  34,056
  38,059
  42,275
  46,702
  51,336
  56,178
  61,227
  66,487
  71,959
  77,649
  83,563
  89,709
  96,096
Total liabilities and equity, $m
  1,651
  2,143
  3,119
  4,411
  6,079
  8,177
  10,759
  13,870
  17,550
  21,826
  26,723
  32,252
  38,419
  45,223
  52,657
  60,711
  69,371
  78,624
  88,457
  98,854
  109,805
  121,303
  133,341
  145,917
  159,032
  172,693
  186,906
  201,686
  217,047
  233,011
  249,601
Debt-to-equity ratio
  0.988
  1.380
  1.450
  1.490
  1.520
  1.540
  1.550
  1.560
  1.570
  1.580
  1.580
  1.580
  1.590
  1.590
  1.590
  1.590
  1.590
  1.590
  1.590
  1.590
  1.590
  1.590
  1.590
  1.590
  1.590
  1.590
  1.590
  1.600
  1.600
  1.600
  1.600
Adjusted equity ratio
  0.364
  0.385
  0.385
  0.385
  0.385
  0.385
  0.385
  0.385
  0.385
  0.385
  0.385
  0.385
  0.385
  0.385
  0.385
  0.385
  0.385
  0.385
  0.385
  0.385
  0.385
  0.385
  0.385
  0.385
  0.385
  0.385
  0.385
  0.385
  0.385
  0.385
  0.385

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -147
  -42
  -54
  -70
  -92
  -121
  -158
  -203
  -258
  -322
  -398
  -461
  -559
  -669
  -790
  -923
  -1,067
  -1,223
  -1,389
  -1,566
  -1,752
  -1,950
  -2,157
  -2,373
  -2,600
  -2,836
  -3,083
  -3,339
  -3,605
  -3,882
  -4,170
Depreciation, amort., depletion, $m
  99
  138
  189
  258
  346
  458
  595
  760
  955
  1,182
  1,441
  1,710
  2,038
  2,398
  2,793
  3,220
  3,679
  4,170
  4,691
  5,243
  5,823
  6,433
  7,072
  7,738
  8,434
  9,158
  9,912
  10,696
  11,511
  12,357
  13,237
Funds from operations, $m
  89
  96
  136
  188
  254
  336
  437
  557
  697
  859
  1,043
  1,250
  1,479
  1,730
  2,002
  2,297
  2,612
  2,947
  3,302
  3,677
  4,071
  4,484
  4,915
  5,365
  5,834
  6,322
  6,830
  7,357
  7,905
  8,475
  9,067
Change in working capital, $m
  23
  65
  88
  117
  151
  190
  233
  281
  332
  386
  442
  499
  557
  614
  671
  727
  782
  836
  888
  939
  989
  1,038
  1,087
  1,136
  1,184
  1,234
  1,284
  1,335
  1,387
  1,442
  1,498
Cash from operations, $m
  66
  32
  48
  71
  103
  147
  204
  276
  365
  473
  601
  750
  922
  1,115
  1,331
  1,569
  1,829
  2,111
  2,414
  2,738
  3,082
  3,445
  3,828
  4,229
  4,650
  5,088
  5,546
  6,022
  6,518
  7,033
  7,569
Maintenance CAPEX, $m
  0
  -76
  -114
  -165
  -234
  -322
  -434
  -571
  -736
  -931
  -1,158
  -1,417
  -1,710
  -2,038
  -2,398
  -2,793
  -3,220
  -3,679
  -4,170
  -4,691
  -5,243
  -5,823
  -6,433
  -7,072
  -7,738
  -8,434
  -9,158
  -9,912
  -10,696
  -11,511
  -12,357
New CAPEX, $m
  -50
  -254
  -347
  -459
  -593
  -746
  -917
  -1,105
  -1,307
  -1,520
  -1,740
  -1,965
  -2,191
  -2,418
  -2,641
  -2,862
  -3,077
  -3,288
  -3,493
  -3,694
  -3,891
  -4,085
  -4,277
  -4,469
  -4,660
  -4,854
  -5,050
  -5,252
  -5,458
  -5,672
  -5,895
Cash from investing activities, $m
  -642
  -330
  -461
  -624
  -827
  -1,068
  -1,351
  -1,676
  -2,043
  -2,451
  -2,898
  -3,382
  -3,901
  -4,456
  -5,039
  -5,655
  -6,297
  -6,967
  -7,663
  -8,385
  -9,134
  -9,908
  -10,710
  -11,541
  -12,398
  -13,288
  -14,208
  -15,164
  -16,154
  -17,183
  -18,252
Free cash flow, $m
  -576
  -298
  -412
  -554
  -723
  -921
  -1,147
  -1,400
  -1,678
  -1,977
  -2,296
  -2,631
  -2,980
  -3,340
  -3,709
  -4,085
  -4,467
  -4,855
  -5,249
  -5,648
  -6,052
  -6,464
  -6,883
  -7,311
  -7,749
  -8,199
  -8,663
  -9,141
  -9,636
  -10,150
  -10,683
Issuance/(repayment) of debt, $m
  675
  438
  600
  795
  1,026
  1,291
  1,588
  1,913
  2,263
  2,630
  3,011
  3,400
  3,793
  4,184
  4,572
  4,953
  5,326
  5,691
  6,047
  6,394
  6,735
  7,071
  7,403
  7,734
  8,066
  8,401
  8,741
  9,089
  9,448
  9,818
  10,202
Issuance/(repurchase) of shares, $m
  11
  317
  429
  568
  735
  929
  1,152
  1,401
  1,674
  1,969
  2,283
  2,589
  2,933
  3,288
  3,652
  4,024
  4,402
  4,785
  5,174
  5,568
  5,969
  6,376
  6,791
  7,215
  7,649
  8,096
  8,555
  9,029
  9,520
  10,029
  10,557
Cash from financing (excl. dividends), $m  
  663
  755
  1,029
  1,363
  1,761
  2,220
  2,740
  3,314
  3,937
  4,599
  5,294
  5,989
  6,726
  7,472
  8,224
  8,977
  9,728
  10,476
  11,221
  11,962
  12,704
  13,447
  14,194
  14,949
  15,715
  16,497
  17,296
  18,118
  18,968
  19,847
  20,759
Total cash flow (excl. dividends), $m
  87
  457
  616
  809
  1,037
  1,299
  1,592
  1,914
  2,259
  2,622
  2,998
  3,358
  3,746
  4,133
  4,515
  4,892
  5,260
  5,620
  5,972
  6,315
  6,652
  6,984
  7,312
  7,639
  7,966
  8,297
  8,633
  8,977
  9,331
  9,697
  10,076
Retained Cash Flow (-), $m
  -388
  -317
  -429
  -568
  -735
  -929
  -1,152
  -1,401
  -1,674
  -1,969
  -2,283
  -2,589
  -2,933
  -3,288
  -3,652
  -4,024
  -4,402
  -4,785
  -5,174
  -5,568
  -5,969
  -6,376
  -6,791
  -7,215
  -7,649
  -8,096
  -8,555
  -9,029
  -9,520
  -10,029
  -10,557
Prev. year cash balance distribution, $m
 
  192
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  332
  187
  241
  303
  370
  441
  513
  585
  653
  715
  769
  813
  844
  863
  868
  859
  835
  798
  747
  683
  608
  521
  423
  317
  202
  78
  -52
  -189
  -332
  -481
Discount rate, %
 
  7.70
  8.09
  8.49
  8.91
  9.36
  9.83
  10.32
  10.83
  11.38
  11.95
  12.54
  13.17
  13.83
  14.52
  15.25
  16.01
  16.81
  17.65
  18.53
  19.46
  20.43
  21.45
  22.52
  23.65
  24.83
  26.07
  27.38
  28.75
  30.18
  31.69
PV of cash for distribution, $m
 
  309
  160
  189
  215
  236
  251
  258
  257
  248
  231
  210
  184
  157
  129
  103
  80
  60
  43
  30
  20
  12
  7
  4
  2
  1
  0
  0
  0
  0
  0
Current shareholders' claim on cash, %
  100
  93.6
  88.1
  83.4
  79.3
  75.7
  72.5
  69.7
  67.1
  64.9
  62.8
  61.0
  59.3
  57.8
  56.4
  55.1
  53.9
  52.7
  51.7
  50.7
  49.7
  48.9
  48.0
  47.2
  46.5
  45.8
  45.1
  44.4
  43.7
  43.1
  42.5

Cavium, Inc. is a provider of integrated semiconductor processors that enable intelligent processing for wired and wireless infrastructure and cloud for networking, communications, storage and security applications. The Company's products consist of multi-core processors for embedded and data center applications, network connectivity for server and switches, storage connectivity, and security processors for offload and appliance. A range of its products also include a suite of embedded security protocols that enable unified threat management (UTM), secure connectivity, network perimeter protection and deep packet inspection (DPI). The Company sells its products to networking original equipment manufacturers (OEM), which sell into the enterprise, datacenter, service provider, and broadband and consumer markets. In the enterprise market, its products are used in routers, switches, storage appliances, server connectivity for networking and storage, wireless local area networks and UTM.

FINANCIAL RATIOS  of  Cavium (CAVM)

Valuation Ratios
P/E Ratio -40.5
Price to Sales 9.9
Price to Book 8
Price to Tangible Book
Price to Cash Flow 90.3
Price to Free Cash Flow 372.5
Growth Rates
Sales Growth Rate 46%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 38.9%
Cap. Spend. - 3 Yr. Gr. Rate 40.9%
Financial Strength
Quick Ratio 8
Current Ratio 0
LT Debt to Equity 94.9%
Total Debt to Equity 98.8%
Interest Coverage -14
Management Effectiveness
Return On Assets -13.1%
Ret/ On Assets - 3 Yr. Avg. -6.7%
Return On Total Capital -15.8%
Ret/ On T. Cap. - 3 Yr. Avg. -8.2%
Return On Equity -26.8%
Return On Equity - 3 Yr. Avg. -12.3%
Asset Turnover 0.6
Profitability Ratios
Gross Margin 47.3%
Gross Margin - 3 Yr. Avg. 58.5%
EBITDA Margin -6.1%
EBITDA Margin - 3 Yr. Avg. 1.3%
Operating Margin -22.2%
Oper. Margin - 3 Yr. Avg. -9.1%
Pre-Tax Margin -24.2%
Pre-Tax Margin - 3 Yr. Avg. -11.4%
Net Profit Margin -24.4%
Net Profit Margin - 3 Yr. Avg. -10.8%
Effective Tax Rate -0.7%
Eff/ Tax Rate - 3 Yr. Avg. -7.5%
Payout Ratio 0%

CAVM stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the CAVM stock intrinsic value calculation we used $603 million for the last fiscal year's total revenue generated by Cavium. The default revenue input number comes from 2016 income statement of Cavium. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our CAVM stock valuation model: a) initial revenue growth rate of 50% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 7.7%, whose default value for CAVM is calculated based on our internal credit rating of Cavium, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Cavium.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of CAVM stock the variable cost ratio is equal to 103.2%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for CAVM stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 3.5% for Cavium.

Corporate tax rate of 27% is the nominal tax rate for Cavium. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the CAVM stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for CAVM are equal to 84.2%.

Life of production assets of 6.7 years is the average useful life of capital assets used in Cavium operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for CAVM is equal to 21.4%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $742 million for Cavium - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 69.903 million for Cavium is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Cavium at the current share price and the inputted number of shares is $6.2 billion.

RELATED COMPANIES Price Int.Val. Rating
INTC Intel 47.73 38.48  hold
QCOM Qualcomm 63.32 32.78  sell
MRVL Marvell Techno 23.25 2.01  str.sell
MLNX Mellanox Techn 68.70 30.83  str.sell

COMPANY NEWS

▶ Cavium reports 4Q loss   [Jan-31-18 07:49PM  Associated Press]
▶ [$$] Selling Nvidia and Cavium, Buying Citrix Systems   [Jan-11-18 05:52AM  Barrons.com]
▶ How did the traders' fourth-quarter trades play out?   [Jan-05-18 12:42PM  CNBC Videos]
▶ ETFs with exposure to Cavium, Inc. : December 25, 2017   [Dec-25-17 11:45AM  Capital Cube]
▶ Where Does Marvell Stand in Terms of Profitability?   [Dec-19-17 07:30AM  Market Realist]
▶ Whats Driving Marvells Revenue Growth in Fiscal 2018?   [Dec-18-17 09:01AM  Market Realist]
▶ Why the Cavium Deal Is Important for Marvells Shareholders   [Dec-15-17 10:33AM  Market Realist]
▶ The Reason for Marvells Acquisition of Cavium   [Dec-14-17 05:50PM  Market Realist]
▶ Datacenter Processors Will Shed Power In 2018   [Dec-07-17 11:47AM  Forbes]
▶ What Drove Marvell Techs Stock Higher Last Month?   [Dec-04-17 03:01PM  Market Realist]
▶ Consolidation in the chip industry   [Nov-28-17 08:16PM  CNBC Videos]
▶ Marvells Results Solid, but Stock Pricey   [07:30PM  Morningstar]
▶ Chipmaker Marvell Beats Third-Quarter Targets; Shares Climb   [05:29PM  Investor's Business Daily]
▶ Trades to be thankful for   [Nov-22-17 02:20PM  CNBC Videos]
▶ Marvell Technology: Cramer's Top Takeaways   [06:46AM  TheStreet.com]
▶ Marvell CEO on Cavium acquisition   [06:37PM  CNBC Videos]
▶ [$$] Marveling at Marvell Again   [12:25AM  The Wall Street Journal]
▶ Marvell To Buy Cavium For $6 Billion, Creating Chip Powerhouse   [05:37PM  Investor's Business Daily]
▶ What Happened in the Stock Market Today   [05:04PM  Motley Fool]
▶ Takeover Talk Heats Up, But M&A Has Been MIA In 2017   [04:01PM  Investor's Business Daily]
▶ Rolland, Hammond on the Marvell-Cavium Deal   [10:40AM  Bloomberg Video]
▶ Marvell OKs $6B purchase of San Jose chipmaker Cavium   [10:18AM  American City Business Journals]
▶ Marvell To Buy Cavium For $6 Billion, Creating Chip Powerhouse   [09:31AM  Investor's Business Daily]
Financial statements of CAVM
Follow us on:   twitter   twitter   twitter   twitter

ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.