Mellanox Technologies (MLNX) Receiving Somewhat Favorable News Coverage, Analysis Shows
Media coverage about Mellanox Technologies (NASDAQ:MLNX) has been trending somewhat positive on Monday, according to Accern. The research firm ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Mellanox Technologies earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news coverage about the semiconductor producer an impact score of 45.1240922305128 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the media stories that may have impacted Accern’s rankings:
- Mellanox Technologies’ (MLNX) Sell Rating Reaffirmed at Jefferies Group LLC (americanbankingnews.com)
- Is It Time To Buy Mellanox Technologies Ltd (MLNX)? (finance.yahoo.com)
- Mellanox Technologies, Ltd. (MLNX) Given Average Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- ETFs with exposure to Mellanox Technologies Ltd. : September 7, 2017 (finance.yahoo.com)
- Tech stock on Hold Line: Mellanox Technologies, Ltd. (MLNX) – Street Observer (press release) (streetobserver.com)
Mellanox Technologies (NASDAQ MLNX) opened at 46.35 on Monday. Mellanox Technologies has a 1-year low of $38.75 and a 1-year high of $52.79. The firm’s 50 day moving average is $45.24 and its 200 day moving average is $47.11. The stock has a market capitalization of $2.33 billion, a P/E ratio of 6621.43 and a beta of 0.65.
Mellanox Technologies (NASDAQ:MLNX) last posted its earnings results on Wednesday, July 26th. The semiconductor producer reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by $0.01. The firm had revenue of $212 million for the quarter, compared to the consensus estimate of $209.62 million. Mellanox Technologies had a net margin of 0.09% and a return on equity of 5.93%. The firm’s revenue was down 1.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.87 earnings per share. On average, equities research analysts anticipate that Mellanox Technologies will post $2.14 earnings per share for the current year.
Several equities research analysts have issued reports on the stock. Jefferies Group LLC reiterated an “underperform” rating and set a $38.00 target price on shares of Mellanox Technologies in a research report on Tuesday, June 20th. BidaskClub lowered shares of Mellanox Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Piper Jaffray Companies reiterated a “hold” rating and set a $47.00 target price on shares of Mellanox Technologies in a research report on Friday, July 28th. TheStreet lowered shares of Mellanox Technologies from a “b-” rating to a “c” rating in a research report on Friday, August 11th. Finally, Barclays PLC reiterated a “buy” rating and set a $50.00 target price (down from $54.00) on shares of Mellanox Technologies in a research report on Thursday, July 27th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $51.13.
In other news, VP Michael Kagan sold 5,000 shares of the stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $45.01, for a total transaction of $225,050.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Shai Cohen sold 50,000 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $47.16, for a total value of $2,358,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 69,953 shares of company stock valued at $3,285,841 over the last quarter. Corporate insiders own 6.05% of the company’s stock.
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.
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