On Thursday, analysts at Credit Suisse maintained the Neutral rating on shares of Mellanox Technologies, Ltd. (NASDAQ: MLNX) and raised the price target from $38 to $50.
Analysts are positive on the upcoming quarters for Mellanox given that the company offered higher guidance for the first time in seven quarters.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
“The structural growth drivers for MLNX continue to be its core IP position in InfiniBand, the addition of Ethernet combo products, an end-to-end solution with the sum of recent acquisitions (Voltaire, Kotura, IPTronics), and our expectations of a continued adoption of high speed connectivity solutions into the marketplace. MLNX has benefited and should continue to benefit from improvements in memory bus I/Os at the processor level, and SSD system level architecture – Cloud, Web 2.0, Big Data/Fast Data are all key secular trends.”
Lastly, Pitzer finds the stock is currently fully valued, hence the Neutral rating.