Networking chip specialist Cavium (Nasdaq:CAVM) may have started the year as one of the few growing semiconductor stocks, but eventually the tough chip market sucked this name into the whirlpool as well. Although many growth investors have bailed out on fears that rivals will gain shares, more patient, aggressive investors may want to consider this as a rebound name for 2012.
A Tough Third Quarter
It doesn't matter that Cavium's year-on-year numbers were decent, as few chip investors pay any attention to that frame of reference. So while revenue did indeed rise almost 23% from last year, the fact that it dropped a little over 5%, sequentially, is the more relevant figure.
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