Wall Street analysts expect Mellanox Technologies, Ltd. (NASDAQ:MLNX) to report sales of $226.70 million for the current quarter, Zacks reports. Six analysts have made estimates for Mellanox Technologies’ earnings. The lowest sales estimate is $225.00 million and the highest is $228.22 million. Mellanox Technologies posted sales of $224.21 million in the same quarter last year, which would indicate a positive year over year growth rate of 1.1%. The firm is expected to issue its next quarterly earnings results on Thursday, October 26th.

According to Zacks, analysts expect that Mellanox Technologies will report full-year sales of $226.70 million for the current fiscal year, with estimates ranging from $862.60 million to $878.00 million. For the next year, analysts expect that the business will report sales of $984.76 million per share, with estimates ranging from $953.90 million to $1.05 billion. Zacks’ sales averages 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 results on Wednesday, July 26th. The semiconductor producer reported $0.10 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.01). The company had revenue of $212.00 million for the quarter, compared to analyst estimates of $209.62 million. Mellanox Technologies had a return on equity of 5.93% and a net margin of 0.09%. The business’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.87 earnings per share.

Several equities analysts recently issued reports on the company. BidaskClub upgraded Mellanox Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Zacks Investment Research downgraded Mellanox Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 1st. KeyCorp reaffirmed a “hold” rating on shares of Mellanox Technologies in a research report on Friday, September 1st. Jefferies Group LLC reaffirmed a “sell” rating and set a $38.00 price target on shares of Mellanox Technologies in a research report on Sunday. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $47.00 price target on shares of Mellanox Technologies in a research report on Friday, July 28th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. Mellanox Technologies currently has a consensus rating of “Hold” and a consensus price target of $51.13.

Mellanox Technologies (MLNX) traded down 0.11% during mid-day trading on Thursday, hitting $47.10. 33,356 shares of the company traded hands. The company’s 50-day moving average price is $45.37 and its 200 day moving average price is $47.05. The company has a market capitalization of $2.37 billion, a price-to-earnings ratio of 6728.57 and a beta of 0.65. Mellanox Technologies has a one year low of $38.75 and a one year high of $52.80.

In related news, CFO Yakov (Jacob) Shulman sold 2,407 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $47.00, for a total value of $113,129.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Shai Cohen sold 50,000 shares of the stock in a transaction 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. In the last three months, insiders sold 72,453 shares of company stock valued at $3,402,241. 6.05% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Dynamic Technology Lab Private Ltd bought a new stake in Mellanox Technologies in the 2nd quarter valued at $259,000. Cubist Systematic Strategies LLC raised its stake in Mellanox Technologies by 1,357.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 10,200 shares of the semiconductor producer’s stock valued at $442,000 after acquiring an additional 9,500 shares during the period. Sciencast Management LP bought a new stake in Mellanox Technologies in the 2nd quarter valued at $333,000. State Street Corp raised its stake in Mellanox Technologies by 5.3% in the 2nd quarter. State Street Corp now owns 53,753 shares of the semiconductor producer’s stock valued at $2,329,000 after acquiring an additional 2,725 shares during the period. Finally, ETF Managers Group LLC bought a new stake in Mellanox Technologies in the 2nd quarter valued at $578,000. Institutional investors and hedge funds own 61.58% of the company’s stock.

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

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