EPS for Mellanox Technologies, Ltd. (MLNX) Expected At $0.30

October 12, 2017 - By Kurt Siggers

 EPS for Mellanox Technologies, Ltd. (MLNX) Expected At $0.30
Investors sentiment decreased to 0.93 in 2017 Q2. Its down 0.16, from 1.09 in 2017Q1. It fall, as 20 investors sold Mellanox Technologies, Ltd. shares while 53 reduced holdings. 31 funds opened positions while 37 raised stakes. 29.75 million shares or 9.85% less from 32.99 million shares in 2017Q1 were reported.
Parallax Volatility Advisers Limited Partnership owns 23,342 shares. Lucus Advisors Ltd Llc holds 0.49% of its portfolio in Mellanox Technologies, Ltd. (NASDAQ:MLNX) for 8,408 shares. Bamco accumulated 133,136 shares. First Interstate State Bank owns 2,630 shares for 0.02% of their portfolio. Swiss Retail Bank, a Switzerland-based fund reported 73,821 shares. Bancshares Of Montreal Can has invested 0% in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Utd Svcs Automobile Association reported 0.01% of its portfolio in Mellanox Technologies, Ltd. (NASDAQ:MLNX). 4,764 are owned by Utd Capital Advisers Lc. Ivory Mgmt Ltd Liability reported 182,365 shares or 0.29% of all its holdings. Alliancebernstein Limited Partnership reported 1.06 million shares. Reilly Ltd Company has 0% invested in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Foundry Prns Lc reported 48,304 shares stake. Tradewinds Cap Mngmt Lc holds 0.01% or 400 shares. Seabridge Investment Advisors Ltd Liability Company accumulated 275 shares. Us Bankshares De holds 0% in Mellanox Technologies, Ltd. (NASDAQ:MLNX) or 4,554 shares.

Since May 1, 2017, it had 0 insider purchases, and 2 sales for $389,055 activity. $151,555 worth of stock was sold by Shulman Yakov (Jacob) on Monday, May 1. Kagan Michael sold $237,500 worth of stock.

Wall Street await Mellanox Technologies, Ltd. (NASDAQ:MLNX) to release earnings on October, 26. Analysts forecast EPS of $0.30, down exactly $0.27 or 47.37 % from 2014’s $0.57 EPS. The expected MLNX’s profit could reach $15.10 million giving the stock 37.25 P/E in the case that $0.30 earnings per share is reported. After posting $0.10 EPS for the previous quarter, Mellanox Technologies, Ltd.’s analysts now forecast 200.00 % EPS growth. The stock decreased 1.00% or $0.45 during the last trading session, reaching $44.7. About 239,949 shares traded. Mellanox Technologies, Ltd. (NASDAQ:MLNX) has risen 12.09% since October 13, 2016 and is uptrending. It has underperformed by 4.61% the S&P500.

Mellanox Technologies, Ltd. (NASDAQ:MLNX) Ratings Coverage

Among 13 analysts covering Mellanox Tech (NASDAQ:MLNX), 9 have Buy rating, 2 Sell and 2 Hold. Therefore 69% are positive. Mellanox Tech had 31 analyst reports since July 23, 2015 according to SRatingsIntel. Jefferies maintained it with “Sell” rating and $3800 target in Monday, July 10 report. Topeka Capital Markets maintained it with “Hold” rating and $48 target in Thursday, October 22 report. The stock of Mellanox Technologies, Ltd. (NASDAQ:MLNX) has “Buy” rating given on Monday, May 9 by Brean Capital. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, July 23. Stifel Nicolaus maintained it with “Buy” rating and $56.0 target in Monday, September 25 report. Topeka Capital Markets maintained it with “Hold” rating and $40 target in Thursday, October 1 report. Benchmark initiated it with “Buy” rating and $60.0 target in Tuesday, August 29 report. Stifel Nicolaus maintained it with “Buy” rating and $80 target in Thursday, January 28 report. The firm has “Sell” rating by Jefferies given on Thursday, September 7. On Monday, November 21 the stock rating was downgraded by Jefferies to “Underperform”.

Mellanox Technologies, Ltd. is a fabless semiconductor company. The company has market cap of $2.25 billion. The Firm is an integrated supplier of interconnect products and solutions based on the InfiniBand and Ethernet standards. It has a 3232.1 P/E ratio. The Firm operates in the development, manufacturing, marketing and sales of interconnect products segment.

More important recent Mellanox Technologies, Ltd. (NASDAQ:MLNX) news were published by: Seekingalpha.com which released: “Turbulence Creates Another Opportunity At Mellanox” on May 20, 2017, also Seekingalpha.com published article titled: “Mellanox Technologies (MLNX) Q4 2016 Results – Earnings Call Transcript”, Seekingalpha.com published: “Mellanox Technologies (MLNX) Q2 2017 Results – Earnings Call Transcript” on July 27, 2017. More interesting news about Mellanox Technologies, Ltd. (NASDAQ:MLNX) was released by: Seekingalpha.com and their article: “Mellanox Technologies (MLNX) Q1 2017 Results – Earnings Call Transcript” with publication date: April 27, 2017.

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