Mellanox Technologies (MLNX) Scheduled to Post Quarterly Earnings on Wednesday
Mellanox Technologies (NASDAQ:MLNX) is set to announce its earnings results on Wednesday, January 29th. Investors interested in registering for the company’s conference call can do so using this link.
Mellanox Technologies (NASDAQ:MLNX) opened at 40.65 on Tuesday. Mellanox Technologies has a 1-year low of $32.35 and a 1-year high of $65.77. The stock has a 50-day moving average of $39.93 and a 200-day moving average of $39.99. The company has a market cap of $1.780 billion and a P/E ratio of 593.94.
MLNX has been the subject of a number of recent research reports. Analysts at Barclays downgraded shares of Mellanox Technologies from an “equal weight” rating to an “underweight” rating in a research note to investors on Friday. They now have a $36.00 price target on the stock, down previously from $42.00. On a related note, analysts at Macquarie initiated coverage on shares of Mellanox Technologies in a research note to investors on Tuesday, January 14th. They set an “outperform” rating on the stock. Finally, analysts at Maxim Group upgraded shares of Mellanox Technologies from a “hold” rating to a “buy” rating in a research note to investors on Monday, December 9th. They now have a $45.00 price target on the stock. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $48.58.
Mellanox Technologies, Ltd. (NASDAQ:MLNX) is a fabless semiconductor company that produces and supplies interconnect products that facilitate data transmission between servers, storage systems and communications infrastructure equipment and other embedded systems.
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