Cavium Networks Inc. (CAVM) announced Friday morning that it completed its acquisition of MontaVista Software Inc. Cavium Networks gapped up Friday and climbed in early trade. Shares rose further around midday and continued to rise late in the afternoon. The stock finished up by $1.49 at $23.11 and broke out to a new high for the year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.