Pacific Crest Initiates Coverage on Mellanox Technologies Ltd. to Sector Weight

Pacific Crest Initiates Coverage on Mellanox Technologies Ltd.(NASDAQ:MLNX). The shares have been rated Sector Weight. The rating by Pacific Crest was issued on Jul 28, 2016.

In a different note, Summit Redstone Partners said it Initiates Coverage on Mellanox Technologies Ltd., according to a research note issued on Jun 21, 2016. The shares have been rated ‘Buy’ by the firm. Brean Capital said it Initiates Coverage on Mellanox Technologies Ltd., according to a research note issued on May 9, 2016. The shares have been rated ‘Buy’ by the firm.

Mellanox Technologies Ltd. (MLNX) made into the market gainers list on Thursdays trading session with the shares advancing 0.72% or 0.31 points. Due to strong positive momentum, the stock ended at $43.08, which is also near the day’s high of $43.51. The stock began the session at $42.93 and the volume stood at 4,25,341 shares. The 52-week high of the shares is $55.8 and the 52 week low is $32.24. The company has a current market capitalization of $2,072 M and it has 4,81,04,259 shares in outstanding.

Mellanox Technologies Ltd.(MLNX) last announced its earnings results on Jul 20, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $214.80M. Analysts had an estimated revenue of $212.87M. Earnings per share were $0.87. Analysts had estimated an EPS of $0.82.

Several Insider Transactions has been reported to the SEC. On Jul 1, 2016, Eyal Waldman (President and CEO) sold 22,856 shares at $47.64 per share price.Also, On Jun 30, 2016, Amal M Johnson (director) sold 3,571 shares at $46.53 per share price.On Jun 9, 2016, Shai Cohen (director) sold 25,000 shares at $50.17 per share price, according to the Form-4 filing with the securities and exchange commission.

Mellanox Technologies Ltd. is a fabless semiconductor company. The Company designs manufactures and sells interconnect products and solutions based on the InfiniBand and Ethernet standards. Its products facilitate data transmission between servers storage systems communications infrastructure equipment and other embedded systems. Its products include integrated circuits (ICs) adapter cards switch systems cables modules software services and accessories for networking solution focused on computing storage and communication applications used in multiple markets including high-performance computing Web 2.0 storage financial services enterprise data center and cloud. Its InfiniBand products include adapter ICs and cards (ConnectX and Connect-IB product family) and switch ICs (InfiniScale SwitchX SwitchX-2 and Switch-IB product families) and systems gateway ICs (BridgeX product family) and gateway systems long-haul systems (MetroX) software cables and modules.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Mellanox Technologies Ltd. - Is it time to Sell?

Top Brokerage Firms are advising their investors on Mellanox Technologies Ltd.. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.