Mellanox Technologies (MLNX) Given Daily Media Impact Score of 0.19

Headlines about Mellanox Technologies (NASDAQ:MLNX) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Mellanox Technologies earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned media coverage about the semiconductor producer an impact score of 46.3841129085392 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the headlines that may have effected Accern’s scoring:

MLNX has been the subject of a number of research reports. Zacks Investment Research upgraded Mellanox Technologies from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 1st. DA Davidson raised their target price on Mellanox Technologies to $75.00 and gave the company a “buy” rating in a research note on Friday, January 12th. Stifel Nicolaus lowered their target price on Mellanox Technologies from $56.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, October 26th. Piper Jaffray Companies restated a “hold” rating and issued a $73.00 target price on shares of Mellanox Technologies in a research note on Friday, January 19th. Finally, Susquehanna Bancshares initiated coverage on Mellanox Technologies in a research note on Wednesday, December 13th. They issued a “positive” rating and a $75.00 target price for the company. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $67.45.

Mellanox Technologies (NASDAQ MLNX) opened at $59.30 on Friday. The stock has a market capitalization of $3,124.48, a PE ratio of -152.05, a P/E/G ratio of 2.03 and a beta of 0.71. Mellanox Technologies has a 1-year low of $41.55 and a 1-year high of $69.00. The company has a quick ratio of 2.78, a current ratio of 3.12 and a debt-to-equity ratio of 0.17.

Mellanox Technologies (NASDAQ:MLNX) last posted its quarterly earnings results on Thursday, January 18th. The semiconductor producer reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.14. The business had revenue of $237.60 million for the quarter, compared to analysts’ expectations of $235.43 million. Mellanox Technologies had a positive return on equity of 4.81% and a negative net margin of 2.25%. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.82 earnings per share. equities analysts forecast that Mellanox Technologies will post 1.95 EPS for the current year.

In other Mellanox Technologies news, CFO Yakov (Jacob) Shulman sold 2,406 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $65.39, for a total transaction of $157,328.34. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Dov Baharav sold 20,000 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $49.50, for a total value of $990,000.00. The disclosure for this sale can be found here. In the last quarter, insiders purchased 1,292 shares of company stock worth $85,270 and sold 117,621 shares worth $7,221,415. 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.

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

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