Cavium Networks, Inc. (NASDAQ:CAVM) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 4.81%.
Cavium Networks, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 228.57% to $0.23 in the quarter versus EPS of $0.07 in the year-earlier quarter.
Revenue: Rose 34.2% to $74.2 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Cavium Networks, Inc. reported adjusted EPS income of $0.23 per share. By that measure, the company beat the mean analyst estimate of $0.22. It beat the average revenue estimate of $74.13 million.
Key Stats (on next page)…
Revenue decreased 0% from $0 in the previous quarter. EPS increased 21.05% from $0.19 in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.26 and has not changed. For the current year, the average estimate is a profit of $0.97, which is the same with that ninety days ago.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)