Analysts expect that Mellanox Technologies, Ltd. (NASDAQ:MLNX) will announce sales of $210.25 million for the current quarter, Zacks reports. Five analysts have provided estimates for Mellanox Technologies’ earnings, with estimates ranging from $210.00 million to $211.25 million. Mellanox Technologies reported sales of $214.80 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 2.1%. The company is scheduled to report its next earnings report after the market closes on Wednesday, July 26th.

According to Zacks, analysts expect that Mellanox Technologies will report full-year sales of $210.25 million for the current fiscal year, with estimates ranging from $863.70 million to $902.00 million. For the next year, analysts anticipate that the firm will post sales of $1.01 billion per share, with estimates ranging from $980.00 million to $1.05 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Mellanox Technologies.

Mellanox Technologies (NASDAQ:MLNX) last released its quarterly earnings results on Wednesday, April 26th. The semiconductor producer reported $0.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by $0.20. The company had revenue of $188.65 million during the quarter, compared to the consensus estimate of $204.70 million. Mellanox Technologies had a return on equity of 8.12% and a net margin of 1.58%. The company’s revenue was down 4.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.81 earnings per share.

MLNX has been the subject of several research analyst reports. Zacks Investment Research lowered Mellanox Technologies from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 3rd. BidaskClub lowered Mellanox Technologies from a “hold” rating to a “sell” rating in a report on Thursday, June 29th. Jefferies Group LLC reiterated an “underperform” rating and issued a $38.00 target price on shares of Mellanox Technologies in a report on Tuesday, June 20th. Credit Suisse Group lowered Mellanox Technologies from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $50.00 to $45.00 in a report on Thursday, April 27th. Finally, Piper Jaffray Companies lowered Mellanox Technologies from an “overweight” rating to a “neutral” rating and set a $48.00 target price for the company. in a report on Thursday, April 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $52.50.

Mellanox Technologies (NASDAQ:MLNX) traded up 0.56% on Wednesday, hitting $44.95. The stock had a trading volume of 394,154 shares. Mellanox Technologies has a 52-week low of $38.75 and a 52-week high of $52.79. The firm’s 50-day moving average is $44.81 and its 200-day moving average is $47.18. The company has a market cap of $2.23 billion, a P/E ratio of 171.56 and a beta of 0.68.

In other Mellanox Technologies news, VP Michael Kagan sold 5,000 shares of the firm’s stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $47.50, for a total value of $237,500.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 6.05% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of MLNX. First Interstate Bank acquired a new stake in Mellanox Technologies during the first quarter worth $159,000. First Mercantile Trust Co. acquired a new stake in Mellanox Technologies during the first quarter worth $174,000. Oppenheimer Asset Management Inc. acquired a new stake in Mellanox Technologies during the first quarter worth $186,000. Wexford Capital LP acquired a new stake in Mellanox Technologies during the first quarter worth $204,000. Finally, Highbridge Capital Management LLC acquired a new stake in Mellanox Technologies during the first quarter worth $236,000. Institutional investors own 69.22% 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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