Mellanox Technologies Ltd. (MLNX) Shares are Up 3.12%

Mellanox Technologies Ltd. (MLNX) has been under a strong bear grip, hence the stock is down -1.88% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 3.8% in the past 1 week. The stock has risen by 3.12% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.08% in the past 4 weeks.

For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 1.35% and the fifty day Moving Average is 5.97%. Mellanox Technologies, Ltd. has dropped 7.52% during the last three month period . Year-to-Date the stock performance stands at 2.66%.

Mellanox Technologies Ltd. (MLNX) stock is expected to deviate a maximum of $10.09 from the average target price of $63.73 for the short term period. 11 Street Experts have initiated coverage on the stock with the most promising target being $85 and the most muted being $50.


Mellanox Technologies Ltd. (NASDAQ:MLNX): stock turned positive on Friday. Though the stock opened at $43.18, the bulls momentum made the stock top out at $43.65 level for the day. The stock recorded a low of $42.84 and closed the trading day at $43.26, in the green by 0.56%. The total traded volume for the day was 247,391. The stock had closed at $43.02 in the previous days trading.

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.

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