Mellanox Technologies Ltd. (MLNX) is Initiated by Pacific Crest to Sector Weight

Mellanox Technologies Ltd. (MLNX) was Initiated by Pacific Crest to “Sector Weight”. Pacific Crest advised their investors in a research report released on Jul 28, 2016.

Many Wall Street Analysts have commented on Mellanox Technologies Ltd.. Mellanox Technologies Ltd. was Initiated by Brean Capital to “Buy” on May 9, 2016.

On the company’s financial health, Mellanox Technologies Ltd. reported $0.87 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $0.82. The company had revenue of $214.80 million for the quarter, compared to analysts expectations of $212.76 million. The company’s revenue was up 31.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 EPS.

Mellanox Technologies Ltd. closed down -0.71 points or -1.55% at $44.95 with 7,20,262 shares getting traded on Thursday. Post opening the session at $45.68, the shares hit an intraday low of $44.86 and an intraday high of $45.96 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Jul 1, 2016, Eyal Waldman (President and CEO) sold 22,856 shares at $47.64 per share price. According to the SEC, 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.

Mellanox Technologies Ltd.

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