Insider Trading Roundup: Cavium Inc

Cavium Inc (NASDAQ:CAVM) insider has recently participated in insider trading activity. Pres., CEO, Chairman of board, Ali Syed sold 69,700 shares for $3,343,509 via one transaction Feb 08. Following the transaction, the insider now owns 1,658,627 shares in total, priced at $89101442.44 as of Friday. Another notable insider trading was done by the same insider on Feb 05. Ali Syed Sold 120,000 shares at an average price of $51.96 for a total of $ 6,235,200. Moreover, this insider carried out a sale of 186,820 shares at $53.74 each on Feb 04. The transaction amounted to $ 10,039,707. VP Finance & Admin CFO CHADWICK ARTHUR D bouhgt 20,000 shares for $ 955,400 through one transaction Feb 09. Following this buy, this insider’s stake in the company comprises 68,172 shares, priced at $ 3662199.84 as of Friday.

The stock has experienced a total of 5 insider trades in the past three months. These trades include 4 sell activities and 1 buy trades. Furthermore, over the past 12 months, the stock was traded 23 times by insiders. In 14 of these trades, the insider was a seller while an employee of the company was the buyer in just 9 instances.

Cavium Inc (CAVM) on February 9, 2016 announced that it has successfully used G.fast technology to deliver a ‘Cloud Radio Access Network’ (C-RAN) cellular network service over copper, in an experiment believed to be a world first. C-RAN is a new network architecture used to connect cellular base-stations to mobile operators’ core networks. A traditional approach to C-RAN requires a dedicated fibre link to connect transmitters at the top of a cell tower to complex signal-processing equipment deeper in the network. This can involve complex and costly engineering work if no fibre is present in the ground to carry the signal.

Dr Tim Whitley, MD for Research & Innovation at BT said: “Using G.fast to deliver a cellular network is an exciting breakthrough for C-RAN and yet another world first for our team of researchers at Adastral Park.

“These technologies will play a key role in 4G networks and will be fundamental to 5G architectures. The trials are another step towards a fixed and mobile network which will support customers’ increasing demands for data.”

“We are very excited to collaborate with BT, using Cavium OCTEON Fusion-M basestation and ThunderX server processor technology to validate this new class of Radio Access application with G.fast technology,” said Raj Singh, General Manager of Cavium’s Wireless Broadband Group.

“Our successful testing has laid the groundwork for enabling LTE deployments and 5G deployments in the future using G.fast.”