$0.35 EPS Expected for Mellanox Technologies, Ltd. (MLNX)

January 22, 2018 - By Richard Conner

 $0.35 EPS Expected for Mellanox Technologies, Ltd. (MLNX)
Investors sentiment increased to 0.95 in 2017 Q3. Its up 0.02, from 0.93 in 2017Q2. It is positive, as 23 investors sold Mellanox Technologies, Ltd. shares while 40 reduced holdings. 17 funds opened positions while 43 raised stakes. 29.80 million shares or 0.19% more from 29.75 million shares in 2017Q2 were reported.
Neuberger Berman accumulated 947,429 shares or 0.06% of the stock. Axa invested 0.06% of its portfolio in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Harber Asset Management Ltd Limited Liability Company reported 130,685 shares. The Illinois-based Prudential Public Ltd Company has invested 0.03% in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Ubs Asset Mgmt Americas holds 0% or 21,094 shares. Sterling Cap Limited Com has invested 0.01% in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Ameriprise Inc holds 0% or 5,530 shares in its portfolio. Moreover, Employees Retirement Of Texas has 0.04% invested in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Fil Limited invested 0.16% in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Endurance Wealth holds 52,434 shares. California Public Employees Retirement Systems has 0.01% invested in Mellanox Technologies, Ltd. (NASDAQ:MLNX) for 99,332 shares. Jane Street Gp Ltd has invested 0% in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Swiss Bankshares reported 0% of its portfolio in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Tiaa Cref Inv Management Ltd Liability Corporation holds 0.01% or 164,123 shares in its portfolio. Granahan Ma holds 0.32% of its portfolio in Mellanox Technologies, Ltd. (NASDAQ:MLNX) for 81,600 shares.

Since July 31, 2017, it had 0 buys, and 7 selling transactions for $4.23 million activity. Shulman Yakov (Jacob) sold $827,730 worth of stock. 5,500 shares were sold by Dorchak Glenda, worth $356,815 on Thursday, January 4. Cohen Shai also sold $2.36M worth of Mellanox Technologies, Ltd. (NASDAQ:MLNX) on Monday, July 31. The insider Kagan Michael sold 2,500 shares worth $116,388.

Analysts expect Mellanox Technologies, Ltd. (NASDAQ:MLNX) to report $0.35 EPS on February, 7.They anticipate $0.14 EPS change or 28.57 % from last quarter’s $0.49 EPS. MLNX’s profit would be $17.83 million giving it 46.96 P/E if the $0.35 EPS is correct. After having $0.35 EPS previously, Mellanox Technologies, Ltd.’s analysts see 0.00 % EPS growth. The stock increased 1.00% or $0.65 during the last trading session, reaching $65.75. About 1.98 million shares traded or 167.34% up from the average. Mellanox Technologies, Ltd. (NASDAQ:MLNX) has risen 12.09% since January 22, 2017 and is uptrending. It has underperformed by 4.61% the S&P500.

Mellanox Technologies, Ltd. (NASDAQ:MLNX) Ratings Coverage

Among 19 analysts covering Mellanox Tech (NASDAQ:MLNX), 10 have Buy rating, 1 Sell and 8 Hold. Therefore 53% are positive. Mellanox Tech has $80 highest and $38.0 lowest target. $60.75’s average target is -7.60% below currents $65.75 stock price. Mellanox Tech had 47 analyst reports since July 23, 2015 according to SRatingsIntel. The firm has “Buy” rating by Stifel Nicolaus given on Monday, September 25. The stock of Mellanox Technologies, Ltd. (NASDAQ:MLNX) earned “Buy” rating by Topeka Capital Markets on Wednesday, February 24. The company was maintained on Tuesday, December 8 by Piper Jaffray. The rating was upgraded by Barclays Capital to “Equal-Weight” on Tuesday, November 28. Macquarie Research maintained it with “Outperform” rating and $70 target in Thursday, March 24 report. The rating was upgraded by CFRA to “Buy” on Friday, January 19. On Monday, October 9 the stock rating was downgraded by Barclays Capital to “Sell”. Stifel Nicolaus maintained Mellanox Technologies, Ltd. (NASDAQ:MLNX) rating on Thursday, July 23. Stifel Nicolaus has “Buy” rating and $75 target. Susquehanna maintained it with “Buy” rating and $80.0 target in Friday, January 19 report. Brean Capital initiated Mellanox Technologies, Ltd. (NASDAQ:MLNX) rating on Monday, May 9. Brean Capital has “Buy” rating and $55 target.

Mellanox Technologies, Ltd., a fabless semiconductor company, designs, makes, and sells interconnect products and solutions. The company has market cap of $3.35 billion. The Company’s products facilitate data transmission between servers, storage systems, communications infrastructure equipment, and other embedded systems. It currently has negative earnings. The firm offers InfiniBand solutions, including switch and gateway integrated circuits , adapter cards, cables, modules, and software, as well as switch, gateway, and long-haul systems; Ethernet solution for use in enterprise data center, high-performance computing, embedded environments, hyperscale Web 2.0, and cloud data centers; and Ethernet adapters.

More notable recent Mellanox Technologies, Ltd. (NASDAQ:MLNX) news were published by: Seekingalpha.com which released: “Mellanox Tech +5.2% after Q4 beats, upside revenue guidance” on January 18, 2018, also Nasdaq.com with their article: “Earnings Reaction History: Mellanox Technologies, Ltd., 40.0% Follow-Through …” published on January 18, 2018, Nasdaq.com published: “Mellanox Technologies Ltd. (MLNX) Has Risen To A New High On Q4 Results” on January 19, 2018. More interesting news about Mellanox Technologies, Ltd. (NASDAQ:MLNX) were released by: Businesswire.com and their article: “Mellanox Technologies, Ltd. Schedules Release of Fourth Quarter 2017 Financial …” published on January 03, 2018 as well as Businesswire.com‘s news article titled: “-5 Ethernet Adapter Wins Linley Group Analyst Choice Award for Best Networking …” with publication date: January 16, 2018.

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