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. http://www.cavium.com
