Market Overview

UPDATE: Piper Jaffray Initiates Mellanox Technologies at Overweight on Attractive Valuation

Share:
Related MLNX
Watch These 7 Huge Call Purchases In Wednesday Trade
12 Biggest Mid-Day Losers For Thursday

Piper Jaffray initiated coverage on Mellanox Technologies, Ltd. (NASDAQ: MLNX) with an Overweight rating and a $65.00 price target.

Piper Jaffray commented, "We believe Mellanox will hold a competitive advantage via its FDR technology through 2014, which should result in solid revenue and earnings growth, despite tougher comparisons and limited visibility. With shares falling ~60% since the Q3 earnings call in October and estimates now reset following the Q4 pre-announcement, we believe Mellanox is in a better position to deliver a “beat and raise” quarter as early as Q1 (Mar). While we acknowledge the threat of Intel, we believe this concern is already reflected in the stock."

Mellanox Technologies closed at $50.17 on Tuesday.

Latest Ratings for MLNX

DateFirmActionFromTo
Jul 2016Pacific CrestInitiates Coverage onSector Weight
Jun 2016Summit Redstone PartnersInitiates Coverage onBuy
May 2016Brean CapitalInitiates Coverage onBuy

View More Analyst Ratings for MLNX
View the Latest Analyst Ratings

Posted-In: Piper JaffrayAnalyst Color Initiation Pre-Market Outlook Analyst Ratings

 

Related Articles (MLNX)

View Comments and Join the Discussion!