Analysts' Recommendation: Buy 30 Days Ago: Buy Analysts' Target: $29 Analysts' Targets Deutsche Bank Securities $26 Buy Wednesday, April 16, 2008 Needham & Co. $31 Buy Wednesday, January 02, 2008 Cavium Networks, Inc. designs, develops, and markets semiconductor processors for intelligent and secure networks. Its products allow customers to develop networking equipment that is application-aware and content-aware, and securely processes voice, video, and data traffic at high speeds. The company’s products include a suite of embedded security protocols that enable unified threat management (UTM), secure connectivity, and network perimeter protection. Its products are systems on a chip, which incorporate single or multiple processor cores, an integrated architecture and customizable software that is based on a range of standard operating systems. Cavium Networks’ products provide processors that integrate single or multiple cores, hardware accelerators, and input/output interfaces into a single chip. Its company’s products are used in various networking equipment, including routers, switches, content-aware switches, UTM and other security appliances, application-aware gateways, voice/video/data or triple-play, gateways, wireless local area network, and 3G access and aggregation devices, storage networking equipment, servers, and intelligent network interface cards. The company primarily sells its products to providers of networking equipment, either directly or through contract manufacturing organizations and distributors. Cavium Networks sells its products principally in the United States, Taiwan, China, and Japan. The company was founded in 2000 and is based in Mountain View, California.