Media stories about Mellanox Technologies (NASDAQ:MLNX) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Mellanox Technologies earned a news sentiment score of 0.10 on Accern’s scale. Accern also assigned news stories about the semiconductor producer an impact score of 46.2768418792618 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news stories that may have effected Accern Sentiment’s analysis:
- Mellanox Technologies : Interconnect Solutions Accelerates Tencent Cloud High-Performance Computing and Artificial Intelligence Infrastructure (4-traders.com)
- KeyCorp Weighs in on Mellanox Technologies, Ltd.’s Q2 2018 Earnings (MLNX) (americanbankingnews.com)
- DA Davidson Weighs in on Mellanox Technologies, Ltd.’s Q4 2017 Earnings (MLNX) (americanbankingnews.com)
- Mellanox Technologies (MLNX) Upgraded at BidaskClub (americanbankingnews.com)
- Contrasting Mellanox Technologies (MLNX) and Plexus (PLXS) (americanbankingnews.com)
A number of analysts recently commented on the company. Stifel Nicolaus lifted their price target on Mellanox Technologies from $53.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, December 7th. BidaskClub upgraded Mellanox Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, December 5th. Longbow Research upgraded Mellanox Technologies from a “neutral” rating to a “buy” rating in a research note on Friday, December 1st. Barclays upgraded Mellanox Technologies from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $47.00 to $55.00 in a research note on Tuesday, November 28th. Finally, DA Davidson lifted their price target on Mellanox Technologies from $60.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday, November 22nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $54.22.
Mellanox Technologies (NASDAQ:MLNX) traded down $1.75 during trading on Tuesday, reaching $60.30. The company had a trading volume of 333,230 shares, compared to its average volume of 592,891. Mellanox Technologies has a twelve month low of $40.00 and a twelve month high of $63.20. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.78 and a current ratio of 3.12. The stock has a market capitalization of $3,130.00, a PE ratio of 65.58, a price-to-earnings-growth ratio of 4.62 and a beta of 0.64.
Mellanox Technologies (NASDAQ:MLNX) last posted its earnings results on Wednesday, October 25th. The semiconductor producer reported $0.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.07. Mellanox Technologies had a positive return on equity of 4.76% and a negative net margin of 0.92%. The business had revenue of $225.70 million during the quarter, compared to analysts’ expectations of $226.74 million. During the same period in the previous year, the business earned $0.93 earnings per share. The firm’s revenue was up .7% on a year-over-year basis. equities research analysts predict that Mellanox Technologies will post 0.83 EPS for the current year.
In other news, insider Eyal Waldman sold 12,500 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $59.49, for a total value of $743,625.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Yakov (Jacob) Shulman sold 2,706 shares of the company’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $46.32, for a total value of $125,341.92. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 235,128 shares of company stock valued at $11,784,167. 6.05% of the stock is owned by company insiders.
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About Mellanox Technologies
Mellanox Technologies, Ltd. is a fabless semiconductor company. The Company is an integrated supplier of interconnect products and solutions based on the InfiniBand and Ethernet standards. The Company operates in the development, manufacturing, marketing and sales of interconnect products segment. Its products facilitate data transmission between servers, storage systems, communications infrastructure equipment and other embedded systems.
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