Wall Street analysts expect Mellanox Technologies, Ltd. (NASDAQ:MLNX) to announce $322.27 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Mellanox Technologies’ earnings, with the highest sales estimate coming in at $337.50 million and the lowest estimate coming in at $314.20 million. Mellanox Technologies posted sales of $279.21 million during the same quarter last year, which suggests a positive year-over-year growth rate of 15.4%. The business is expected to issue its next earnings results on Wednesday, October 23rd.

On average, analysts expect that Mellanox Technologies will report full year sales of $1.27 billion for the current year, with estimates ranging from $1.23 billion to $1.32 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $1.41 billion, with estimates ranging from $1.34 billion to $1.49 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Mellanox Technologies.

Mellanox Technologies (NASDAQ:MLNX) last posted its quarterly earnings data on Wednesday, July 24th. The semiconductor producer reported $1.04 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.14 by ($0.10). The firm had revenue of $310.30 million during the quarter, compared to analysts’ expectations of $307.24 million. Mellanox Technologies had a net margin of 14.09% and a return on equity of 17.35%. The company’s quarterly revenue was up 15.6% on a year-over-year basis. During the same quarter last year, the business posted $1.25 EPS.

Several brokerages have recently issued reports on MLNX. ValuEngine lowered shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. BidaskClub upgraded shares of Zillow Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 2nd. Rosenblatt Securities raised their price target on shares of QUALCOMM from $70.00 to $82.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Finally, Zacks Investment Research upgraded shares of Golub Capital BDC from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Tuesday, July 16th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. Mellanox Technologies has a consensus rating of “Hold” and an average target price of $117.99.

In other news, Director Steve Sanghi purchased 20,000 shares of the business’s stock in a transaction on Wednesday, June 5th. The stock was purchased at an average cost of $110.54 per share, with a total value of $2,210,800.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Glenda Dorchak sold 1,750 shares of the firm’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $112.12, for a total transaction of $196,210.00. Following the completion of the transaction, the director now directly owns 20,716 shares of the company’s stock, valued at $2,322,677.92. The disclosure for this sale can be found here. 4.20% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in the business. Clal Insurance Enterprises Holdings Ltd boosted its holdings in Mellanox Technologies by 1.8% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,922,386 shares of the semiconductor producer’s stock valued at $227,534,000 after purchasing an additional 33,874 shares during the period. Neuberger Berman Group LLC lifted its holdings in shares of Mellanox Technologies by 27.0% during the 1st quarter. Neuberger Berman Group LLC now owns 1,404,302 shares of the semiconductor producer’s stock worth $166,207,000 after acquiring an additional 298,466 shares during the last quarter. Alpine Associates Management Inc. bought a new stake in shares of Mellanox Technologies during the 1st quarter worth $140,672,000. CNH Partners LLC bought a new stake in shares of Mellanox Technologies during the 1st quarter worth $111,064,000. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Mellanox Technologies by 1.9% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 590,754 shares of the semiconductor producer’s stock worth $65,379,000 after acquiring an additional 11,130 shares during the last quarter. 74.96% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:MLNX traded up $0.61 on Thursday, hitting $113.70. The stock had a trading volume of 387,447 shares, compared to its average volume of 376,231. The company has a current ratio of 3.38, a quick ratio of 2.99 and a debt-to-equity ratio of 0.04. The firm has a market cap of $6.23 billion, a PE ratio of 29.53, a P/E/G ratio of 1.05 and a beta of 0.36. Mellanox Technologies has a 1 year low of $65.68 and a 1 year high of $121.13. The firm’s fifty day simple moving average is $111.71.

About Mellanox Technologies

Mellanox Technologies, Ltd., a fabless semiconductor company, designs, manufactures, markets, and sells interconnect products and solutions. Its products facilitate data transmission between servers, storage systems, communications infrastructure equipment, and other embedded systems. The company offers InfiniBand solutions, including switch and gateway integrated circuits (ICs), adapter cards, cables, modules, and software, as well as switch, gateway, and long-haul systems; and Ethernet solutions, such as Ethernet switch products and Ethernet adapters for use in enterprise data center, high-performance computing, embedded environments, hyperscale, Web 2.0, and cloud data centers.

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Earnings History and Estimates for Mellanox Technologies (NASDAQ:MLNX)

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