Press coverage about Mellanox Technologies (NASDAQ:MLNX) has been trending somewhat positive on Friday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real-time. 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 coverage optimism score of 0.10 on Accern’s scale. Accern also gave news coverage about the semiconductor producer an impact score of 46.2648625942213 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the headlines that may have impacted Accern’s scoring:
- Is The Needle Ready to Move For Mellanox Technologies Ltd (MLNX) Shares? – Sparta Review (spartareview.com)
- Traders Keeping Mellanox Technologies Ltd (MLNX) on Close Watch As Shares Move – Stock Press Daily (stockpressdaily.com)
- Stock Performance Review on Semiconductor Industry — Cavium, FormFactor, Kopin, and Mellanox Technologies – Markets Insider (markets.businessinsider.com)
- Mellanox Technologies, Ltd. (MLNX) Receives Average Rating of “Hold” from Analysts (americanbankingnews.com)
- Mellanox Technologies, Ltd. (MLNX) Stock Rating Lowered by TheStreet (americanbankingnews.com)
Several brokerages have recently issued reports on MLNX. Roth Capital lowered shares of Mellanox Technologies from a “buy” rating to a “neutral” rating and reduced their target price for the company from $60.00 to $53.00 in a research note on Thursday, April 27th. Credit Suisse Group lowered shares of Mellanox Technologies from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $50.00 to $45.00 in a research note on Thursday, April 27th. Piper Jaffray Companies lowered shares of Mellanox Technologies from an “overweight” rating to a “neutral” rating and set a $48.00 target price on the stock. in a research note on Thursday, April 27th. Zacks Investment Research lowered shares of Mellanox Technologies from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 3rd. Finally, BidaskClub raised shares of Mellanox Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $49.86.
Shares of Mellanox Technologies (NASDAQ MLNX) traded down 0.57% during mid-day trading on Friday, reaching $43.35. 11,002 shares of the company’s stock traded hands. The company has a market cap of $2.18 billion, a price-to-earnings ratio of 6192.86 and a beta of 0.68. Mellanox Technologies has a 12 month low of $38.75 and a 12 month high of $52.79. The company has a 50 day moving average of $44.65 and a 200 day moving average of $47.26.
Mellanox Technologies (NASDAQ:MLNX) last posted its quarterly earnings results on Wednesday, July 26th. The semiconductor producer reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by $0.01. The business had revenue of $212 million for the quarter, compared to the consensus estimate of $209.62 million. Mellanox Technologies had a return on equity of 5.93% and a net margin of 0.09%. Mellanox Technologies’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.87 earnings per share. Analysts expect that Mellanox Technologies will post $2.14 earnings per share for the current fiscal year.
In related news, CFO Yakov (Jacob) Shulman sold 2,407 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $47.00, for a total value of $113,129.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Shai Cohen sold 12,546 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $47.00, for a total value of $589,662.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 64,953 shares of company stock worth $3,060,791. 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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