Mellanox Technologies (MLNX) Earning Somewhat Favorable Press Coverage, Report Finds
Press coverage about Mellanox Technologies (NASDAQ:MLNX) has trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Mellanox Technologies earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned headlines about the semiconductor producer an impact score of 46.0246813867773 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- Mellanox Technologies, Ltd. Schedules Release of Third Quarter 2017 Financial Results and Conference Call for … – SYS-CON Media (press release) (news.sys-con.com)
- Mellanox Technologies Schedules Release of 3rd Quarter Financial Results and Conference Call – HPCwire (blog) (hpcwire.com)
- Mellanox Technologies, Ltd. Schedules Release of Third Quarter 2017 Financial Results and Conference Call for October 25, 2017 (finance.yahoo.com)
- Mellanox (MLNX) Drives on Growing Clientele, Collaborations (finance.yahoo.com)
- Analysts Expect Mellanox Technologies, Ltd. (MLNX) Will Post Quarterly Sales of $226.70 Million (americanbankingnews.com)
A number of brokerages recently issued reports on MLNX. BidaskClub downgraded Mellanox Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Zacks Investment Research downgraded Mellanox Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, September 27th. TheStreet downgraded Mellanox Technologies from a “b-” rating to a “c” rating in a research note on Friday, August 11th. Barclays PLC reiterated a “buy” rating and set a $50.00 price objective (down from $54.00) on shares of Mellanox Technologies in a research note on Thursday, July 27th. Finally, KeyCorp reiterated a “hold” rating on shares of Mellanox Technologies in a research note on Friday, September 1st. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $51.13.
Mellanox Technologies (MLNX) opened at 48.15 on Thursday. Mellanox Technologies has a 1-year low of $38.75 and a 1-year high of $52.80. The firm has a 50-day moving average price of $46.14 and a 200 day moving average price of $46.78. The company has a market capitalization of $2.42 billion, a P/E ratio of 6878.57 and a beta of 0.69.
Mellanox Technologies (NASDAQ:MLNX) last issued its quarterly earnings data on Wednesday, July 26th. The semiconductor producer reported $0.10 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.01). Mellanox Technologies had a net margin of 0.09% and a return on equity of 5.93%. The business had revenue of $212.00 million during the quarter, compared to analyst estimates of $209.62 million. During the same period in the previous year, the business posted $0.87 earnings per share. The firm’s revenue for the quarter was down 1.3% on a year-over-year basis. On average, equities analysts predict that Mellanox Technologies will post $2.14 EPS for the current year.
In other Mellanox Technologies news, CFO Yakov (Jacob) Shulman sold 2,407 shares of the firm’s stock in a transaction that occurred 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 document filed with the SEC, which is available through this hyperlink. Also, VP Michael Kagan sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $45.01, for a total value of $225,050.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 72,453 shares of company stock worth $3,402,241. 6.05% of the stock is owned by corporate 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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