Press coverage about Mellanox Technologies (NASDAQ:MLNX) has been trending somewhat positive on Friday, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Mellanox Technologies earned a coverage optimism score of 0.13 on Accern’s scale. Accern also gave media coverage about the semiconductor producer an impact score of 46.2884630792713 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:
- Q2 2018 Earnings Estimate for Mellanox Technologies, Ltd. Issued By KeyCorp (MLNX) (americanbankingnews.com)
- Q1 2018 Earnings Forecast for Mellanox Technologies, Ltd. (MLNX) Issued By KeyCorp (americanbankingnews.com)
- Mellanox ends 1550-nm silicon photonics work (lightwaveonline.com)
- Mellanox Must Hike 2018 Targets or Face Activist Escalation, M&A – TheStreet.com (thestreet.com)
- Mellanox Discontinuing 1550nm Silicon Photonics Development Activities (finance.yahoo.com)
Shares of Mellanox Technologies (NASDAQ:MLNX) traded up $1.80 on Friday, reaching $64.95. The company had a trading volume of 458,700 shares, compared to its average volume of 411,900. The stock has a market cap of $3,360.00, a PE ratio of -405.94, a price-to-earnings-growth ratio of 2.50 and a beta of 0.62. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.12 and a quick ratio of 2.78. Mellanox Technologies has a twelve month low of $40.70 and a twelve month high of $66.15.
Mellanox Technologies (NASDAQ:MLNX) last issued its quarterly earnings data on Wednesday, October 25th. The semiconductor producer reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $226.74 million. During the same quarter in the prior year, the firm posted $0.93 EPS. The firm’s quarterly revenue was up .7% on a year-over-year basis. research analysts predict that Mellanox Technologies will post 0.84 earnings per share for the current year.
A number of research analysts have issued reports on MLNX shares. Barclays downgraded Mellanox Technologies from an “overweight” rating to an “underweight” rating and reduced their price objective for the company from $50.00 to $48.00 in a research note on Monday, October 9th. JPMorgan Chase & Co. downgraded Mellanox Technologies from an “overweight” rating to a “neutral” rating in a research note on Thursday, October 26th. Stifel Nicolaus increased their price target on Mellanox Technologies from $53.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, December 7th. Susquehanna Bancshares started coverage on Mellanox Technologies in a research note on Wednesday, December 13th. They set a “positive” rating and a $75.00 price target for the company. Finally, Zacks Investment Research raised Mellanox Technologies from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Mellanox Technologies currently has a consensus rating of “Hold” and a consensus price target of $59.20.
In other Mellanox Technologies news, VP Michael Kagan sold 2,293 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $59.00, for a total value of $135,287.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Yakov (Jacob) Shulman sold 2,706 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were 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. In the last ninety days, insiders sold 260,718 shares of company stock worth $13,455,300. Insiders own 6.05% of the company’s stock.
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Mellanox Technologies Company Profile
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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