Mellanox Reports First Quarter 2017 Results
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Mellanox Technologies (MLNX) PT Lowered to $38 at Jefferies Following 1Q Miss
April 27, 2017 10:10 AM EDTJefferies lowered its price target on Mellanox Technologies (NASDAQ: MLNX) to $38.00 (from $41.00) while maintaining an Underperform rating. Q1 revenues totaled $188.7M, below the Street's $204.7M. EPS reached $0.29, well below the Street's $0.49. The company blamed delays in next-gen x86 server availability, technology transitions, and merger-related... More
Credit Suisse Downgrades Mellanox Technologies (MLNX) to Neutral
April 27, 2017 6:10 AM EDTCredit Suisse downgraded Mellanox Technologies (NASDAQ: MLNX) from Outperform to Neutral with a price target of $45.00 (from $50.00).
Analyst John Pitzer noted while the company well levered to their Data Growth Paradigm, execution has been lackluster, with the stock up ~25% YTD ahead... More
