Mellanox Technologies Ltd. (MLNX) is Initiated by Brean Capital to Buy

Mellanox Technologies Ltd. (MLNX) was Initiated by Brean Capital to “Buy”. Brean Capital advised their investors in a research report released on May 9, 2016.

Many Wall Street Analysts have commented on Mellanox Technologies Ltd.. Shares were Reiterated by FBN Securities on Apr 21, 2016 to “Sector Perform” and Lowered the Price Target to $ 50 from a previous price target of $52 .Mellanox Technologies Ltd. was Initiated by Sterne Agee CRT to “Neutral” on Mar 2, 2016. Mellanox Technologies Ltd. was Resumed by JP Morgan to “Overweight” on Feb 25, 2016.

On the company’s financial health, Mellanox Technologies Ltd. reported $0.81 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Apr 20, 2016. Analyst had a consensus of $0.75. The company had revenue of $196.80 million for the quarter, compared to analysts expectations of $192.52 million. The company’s revenue was up 34.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS.

Mellanox Technologies Ltd. opened for trading at $41.13 and hit $41.8 on the upside on Friday, eventually ending the session at $41.29, with a gain of 0.68% or 0.28 points. The heightened volatility saw the trading volume jump to 6,29,209 shares. Company has a market cap of $1,967 M.

In a different news, on May 4, 2016, Yakov (jacob) Shulman (Chief Financial Officer) sold 2,813 shares at $43.73 per share price. According to the SEC, on May 3, 2016, Eyal Waldman (President and CEO) sold 17,140 shares at $43.55 per share price. On Apr 27, 2016, Amal M Johnson (director) sold 3,571 shares at $45.45 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.

Mellanox Technologies Ltd.

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