Somewhat Positive Media Coverage Somewhat Unlikely to Affect Mellanox Technologies (MLNX) Stock Price
News coverage about Mellanox Technologies (NASDAQ:MLNX) has trended somewhat positive on Sunday, Accern reports. The research firm rates the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Mellanox Technologies earned a daily sentiment score of 0.18 on Accern’s scale. Accern also gave news coverage about the semiconductor producer an impact score of 46.3546804528665 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the media stories that may have effected Accern Sentiment’s scoring:
- Mellanox Technologies (MLNX) to Release Quarterly Earnings on Thursday (americanbankingnews.com)
- Mellanox Technologies (MLNX) Price Target Raised to $75.00 at DA Davidson (americanbankingnews.com)
- Mellanox Technologies, Ltd. (MLNX) Given Consensus Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- Q2 2018 Earnings Estimate for Mellanox Technologies, Ltd. Issued By KeyCorp (MLNX) (americanbankingnews.com)
- Q1 2018 Earnings Forecast for Mellanox Technologies, Ltd. (MLNX) Issued By KeyCorp (americanbankingnews.com)
A number of brokerages have recently weighed in on MLNX. JPMorgan Chase & Co. cut Mellanox Technologies from an “overweight” rating to a “neutral” rating in a research report on Thursday, October 26th. Stifel Nicolaus increased their price target on Mellanox Technologies from $53.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, December 7th. Longbow Research upgraded Mellanox Technologies from a “neutral” rating to a “buy” rating in a research report on Friday, December 1st. Barclays set a $47.00 price target on Mellanox Technologies and gave the stock a “sell” rating in a research report on Thursday, October 26th. Finally, Susquehanna Bancshares began coverage on Mellanox Technologies in a research report on Wednesday, December 13th. They set a “positive” rating and a $75.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $59.20.
Shares of Mellanox Technologies (NASDAQ:MLNX) traded up $1.35 during trading on Friday, hitting $66.30. The stock had a trading volume of 327,700 shares, compared to its average volume of 329,275. Mellanox Technologies has a fifty-two week low of $40.70 and a fifty-two week high of $66.70. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.12 and a quick ratio of 2.78. The firm has a market cap of $3,376.59, a PE ratio of -414.38, a price-to-earnings-growth ratio of 2.32 and a beta of 0.62.
Mellanox Technologies (NASDAQ:MLNX) last posted its earnings results on Wednesday, October 25th. The semiconductor producer reported $0.71 EPS for the quarter, beating the consensus estimate of $0.64 by $0.07. Mellanox Technologies had a positive return on equity of 4.76% and a negative net margin of 0.92%. The firm had revenue of $225.70 million for the quarter, compared to analysts’ expectations of $226.74 million. During the same period last year, the firm earned $0.93 EPS. The firm’s revenue was up .7% compared to the same quarter last year. research analysts forecast that Mellanox Technologies will post 0.84 EPS for the current year.
In related news, Director Glenda Dorchak sold 5,500 shares of the firm’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $64.88, for a total value of $356,840.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Yakov (Jacob) Shulman sold 2,706 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $46.32, for a total value of $125,341.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 260,718 shares of company stock worth $13,455,300. 6.05% of the stock is owned by insiders.
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.
Receive News & Ratings for Mellanox Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mellanox Technologies and related companies with MarketBeat.com's FREE daily email newsletter.