UPDATE: Jefferies Initiates Coverage on Mellanox Technologies Awaiting Better Entry Point

In a report published Friday, Jefferies analyst James Kisner initiated coverage on Mellanox Technologies MLNX with a Hold rating and $40.00 price target. In the report, Jefferies noted, “We expect MLNX's superior Interconnect technology to be increasingly adopted as MLNX increases penetration of Cloud/Web 2.0 and as HPC/‘Big Data' analytics become part of the toolset of mainstream enterprises. However, in the near-term Street expectations and valuation for MLNX discount a revenue ramp in 2014 that is not riskless. We're inclined to wait for a better entry point.” Mellanox Technologies closed on Thursday at $38.59.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: Analyst ColorInitiationAnalyst RatingsJames KisnerJefferies
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!