Key Developments For Cavium Networks, Inc.
Cavium Networks, Inc. (CAVM.O) (Consolidated Issue listed on NASDAQ Global Market)
Cavium Networks, Inc. Signs Definitive Agreement To Acquire MontaVista Software
Cavium Networks, Inc. announced that it has signed a definitive agreement to acquire MontaVista Software for $50 million, comprised of approximately $16 million in cash and approximately $34 million in Cavium Networks common stock. The deal is expected to close in December 2009. After the acquisition, MontaVista Software will run as a separate operating unit and will retain the MontaVista brand name.
Cavium Networks, Inc. Issues Q4 2009 Revenue Outlook Above Analysts' Estimates-Conference Call
Cavium Networks, Inc. announced that for the fourth quarter of 2009, it expects sales to be between $29 and $30 million and non-GAAP net income to be somewhere between $0.05 a share and $0.06 per share. According to Reuters Estimates, analysts on an average were expecting the Company to report earnings per share (EPS) of $0.03 on revenue of $27 million for the same period.
Broadcast Sports Deploys Cavium Networks, Inc.'s PureVu H.264 HD video processors
Cavium Networks, Inc. announced that its PureVu H.264 HD video processors have been deployed by Broadcast Sports, Inc. in race cars at over 200 auto-racing events. Broadcast Sports, Inc. has been using Cavium Networks, Inc.'s HD PureVu processors inside their on-board wireless HD cameras for transmission of live video feeds from race cars at premier racing and sporting events including the Indy 500, Daytona 500 and the X Games.
Cavium Networks, Inc. Issues Q3 2009 Guidance; Revenue Guidance Above Analysts Estimates-Conference Call
Cavium Networks, Inc. announced that for third quarter of 2009, it expects sales to be between $24.5 million and $25.5 million and non-GAAP net income will be between breakeven and $0.01per share. According to Reuters Estimates, analysts were expecting the Company to report revenue of $23.8 million and EPS of $0.00 for the same period.
Cavium Networks, Inc. Introduces NITROX DPI Family Of Layer 7 Content Processors
Cavium Networks, Inc. announced the NITROX DPI CN17XX Layer 7 Content Processor Family. The NITROX DPI CN17XX processors offer 4 Gbps to 20 Gbps of deterministic performance with low latency and support for an unlimited number of pattern rule-sets and flows. The NITROX DPI processors target a wide range of applications including application level firewalls, intrusion prevention (IPS), gateway anti-virus, unified threat management and content-based QoS in routers, switches, appliances and services blades for the Enterprise, Datacenter and Service Provider markets. This scalable product family is offered to customers as silicon products as well as production-ready boards with extensive software support.
