The Traderszone Network

Published in TZ Latest News 17 May, 2017 by The TZ Newswire Staff

2 Key Takeaways From Cavium’s Recent Earnings Report

Networking specialist Cavium‘s (NASDAQ: CAVM) first-quarter results easily beat Wall Street expectations, as its earnings more than doubled to $0.58 per share on revenue of $229.6 million, which was up 125% from last year. By comparison, analysts were expecting $0.56 per share in earnings on $227 million in revenue, but faster realization of synergies from last year’s Qlogic acquisition led to better-than-expected results.

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