Deutsche Bank Reiterates Buy on Cavium Networks (CAVM)

Deutsche Bank reiterated its Buy rating on Cavium Networks (NASDAQ: CAVM). In a research report published today, Deutsche Bank stressed it expects Cavium's products, like Octeon3 and Nitrox chip, to continue to dominate the markets.

In the report, Deutsche Bank states, "We note that the Octeon3 and future versions of the Nitrox chip are likely to meaningfully widen Cavium's technology leadership in the specialized processors space. Datacenter virtualization and Cloud IT platforms are meaningful TAM expansion opportunities for Cavium in our view - given the fundamental value of hardware acceleration in virtualized application environments. Reiterate our Buy rating."

Deutsche Bank currently has a price target of $53 on Cavium. In yesterday's trading, Cavium added 0.84% to its value to close the day at $46.58.