Stephen Simpson, CFA
Long only, growth at reasonable price, value, research analyst

Cavium Networks - Beat, Raise, Repeat

In a quarter that has turned sour for many semiconductor investors, Cavium (NASDAQ:CAVM) has come through again with a solid beat-and-raise performance. Cavium is still a small company with a pretty concentrated business, but the opportunity for purpose-built solutions for enterprise, data center, cloud, and broadband markets that also offer good cost and power tradeoffs is an attractive one. I don't really expect Cavium to stay out on its own for the long term, but I think the standalone valuation is still pretty appealing.

When Beat And Raise Is The Norm

Cavium's second quarter marked at least the 12th straight quarter were the company exceeded the published average sell-side EPS estimate, and though the streak isn't as long...

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