Mellanox Technologies (MLNX) Getting Somewhat Positive Media Coverage, Analysis Finds

News headlines about Mellanox Technologies (NASDAQ:MLNX) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Mellanox Technologies earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned media headlines about the semiconductor producer an impact score of 46.4504766509305 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the news stories that may have impacted Accern’s scoring:

Shares of Mellanox Technologies (NASDAQ:MLNX) traded down $0.25 during trading on Friday, reaching $64.15. 158,359 shares of the company’s stock were exchanged, compared to its average volume of 645,151. The stock has a market cap of $3,270.00, a P/E ratio of -400.94, a P/E/G ratio of 4.79 and a beta of 0.64. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.78 and a current ratio of 3.12. Mellanox Technologies has a 52 week low of $40.20 and a 52 week high of $64.70.

Mellanox Technologies (NASDAQ:MLNX) last announced its quarterly earnings data on Wednesday, October 25th. The semiconductor producer reported $0.71 EPS for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.07. Mellanox Technologies had a negative net margin of 0.92% and a positive return on equity of 4.76%. The company had revenue of $225.70 million during the quarter, compared to the consensus estimate of $226.74 million. During the same quarter in the prior year, the firm earned $0.93 EPS. Mellanox Technologies’s quarterly revenue was up .7% on a year-over-year basis. equities analysts anticipate that Mellanox Technologies will post 0.84 EPS for the current year.

A number of brokerages recently weighed in on MLNX. Zacks Investment Research upgraded shares of Mellanox Technologies from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 1st. Barclays cut shares of Mellanox Technologies from an “overweight” rating to an “underweight” rating and decreased their price target for the stock from $50.00 to $48.00 in a research note on Monday, October 9th. Stifel Nicolaus decreased their price target on shares of Mellanox Technologies from $56.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, October 26th. KeyCorp reiterated a “hold” rating on shares of Mellanox Technologies in a research note on Tuesday, October 17th. Finally, BidaskClub upgraded shares of Mellanox Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, December 5th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $56.30.

In related news, Director Amal M. Johnson sold 2,857 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $57.60, for a total value of $164,563.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Dov Baharav sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $49.50, for a total transaction of $990,000.00. The disclosure for this sale can be found here. Insiders sold 235,128 shares of company stock worth $11,784,167 over the last three months. Corporate 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.

Insider Buying and Selling by Quarter for Mellanox Technologies (NASDAQ:MLNX)

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