Jefferies Recommends Buying Shares Of CAVM

Jefferies has recommended buying shares of Cavium Networks (NASDAQ: CAVM) “as we believe it is positioned for a significant multi-year revenue ramp fueled by its strong backlog of design wins (>$500MM annual revenue run rate), which we expect to continue to expand as the market moves to multi-core (from single-core) processors.”

Cavium Networks closed Monday at $39.54.