Cavium Moves Into The Cloud With ThunderX Processors
August 12, 2014
Grazed from InvestorsBusiness Daily. Author:
Chip designer Cavium (NASDAQ:CAVM) is back above its 50-day moving average and appears to be working on the right side of a base. If so, it would be a base-on-base pattern. The stock has been moving basically sideways since 2011. During that time, earnings growth slowed, but it has since revved up, thanks to new products and increased sales of chips used in new technologies.
Cavium designs systems-on-a-chip for the networking, telecom, storage, wireless, security and video markets. The company is best known for its core embedded chips and encrypting security processor chips. Its biggest customer, Cisco Systems (NASDAQ:CSCO), accounted for 19% of sales last year…
The latest technology growth industry is cloud computing, and Cavium has gotten into the act with its new ThunderX server processors, which the company designed for cloud-based servers or data-center appliances. The stock had a nice rally after Cavium introduced ThunderX on June 3…
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