Monday, December 26, 2011

Cavium Trims Guidance

On December 27, Cavium cut its financial guidance for the fourth quarter of 2011. The company currently expects that revenue in the fourth quarter of 2011 will be between $56 million and $57 million.

The company noted that revenues have been weaker than expected across both the enterprise and service provider as well as the broadband and consumer market segments, and further exasperated by a larger than expected impact of a hub transition at one of its major customers.