July 9, 2014 7:53 AM | 1 min read |
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
In a report published Wednesday, Imperial Capital analyst Ashok Kumar initiated coverage on
Cavium (NASDAQ: CAVM) with an Outperform rating and $57.00 price target.In the report, Imperial Capital noted, “We are initiating coverage of Cavium Networks with an Outperform rating and a one-year price target of $57 or about 19% potential upside from recent levels."Cavium has emerged as leading vendor of highly integrated, multi-core processors for the networking, data center, and service provider markets. The company's solutions target high growth markets in mobile data, cloud, application-aware networks, and Internet of Things (IoT). Cavium expects another year of strong growth following 29% year-over-year (yoy) growth recorded in 2013. Revenue drivers for 2014 include demand from wireless infrastructure, cloud data center, and security markets. The recent ThunderX server product line announcement is expected to contribute to revenues by second half of 2015. Modest gains in server processor market share could materially impact the company's revenue and growth profile."The company's long-term financial model targets include operating margins of 25-30%.”Cavium closed on Tuesday at $47.76.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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