Market Overview

UPDATE: Stifel Reiterates on Mellanox Technologies Ltd. on Results/Guidance Miss, Position for Accelerated Growth

Related MLNX
UPDATE: Sterne Agee Initiates Coverage On Mellanox Technologies, Ltd. As All Focus Turns To Haswell Launch
Dow Breaks Four-Day Losing Streak As Calm Restores Last Week's Jittery Market
Microsoft, Google Team Up to Improve Data Networks (Fox Business)

In a report published Thursday, Stifel analyst Kevin Cassidy reiterated a Buy rating on Mellanox Technologies Ltd. (NASDAQ: MLNX), but lowered the price target from $63.00 to $55.00.

In the report, Stifel noted, “Mellanox' results and guidance missed our below-consensus estimates. While this is clearly a disappointment, we believe the company's end-to-end high-performance networking solutions are poised for accelerated growth in 2014. In particular, we expect Mellanox can gain market share in the broader Ethernet markets that previously the company could not fully address. We maintain our Buy rating.”

Mellanox Technologies Ltd. closed on Wednesday at $38.00.

Latest Ratings for MLNX

DateFirmActionFromTo
Sep 2014Sterne AgeeInitiates Coverage onNeutral
Aug 2014BarclaysUpgradesUnderweightEqualweight
Jul 2014MacquarieMaintainsOutperform

View More Analyst Ratings for MLNX
View the Latest Analyst Ratings

Posted-In: Kevin Cassidy StifelAnalyst Color Price Target Analyst Ratings

 

Related Articles (MLNX)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters