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Mellanox Technologies (NASDAQ:MLNX) issued its quarterly earnings data on Wednesday. The company reported $0.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.21, Analyst Ratings.Net reports. The company had revenue of $105.50 million for the quarter, compared to the consensus estimate of $107.87 million.

Shares of Mellanox Technologies (NASDAQ:MLNX) traded down 2.49% during mid-day trading on Wednesday, hitting $39.50. 772,649 shares of the company’s stock traded hands. Mellanox Technologies has a one year low of $32.35 and a one year high of $65.77. The stock’s 50-day moving average is $39.98 and its 200-day moving average is $39.91. The company has a market cap of $1.729 billion and a price-to-earnings ratio of 613.79.

A number of analysts have recently weighed in on MLNX shares. 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, January 24th. They now have a $36.00 price target on the stock, down previously from $42.00. On the ratings front, 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 research analyst has rated the stock with a sell rating, ten have given 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 an average price target 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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