Mellanox Technologies (NASDAQ:MLNX) Earning Somewhat Favorable News Coverage, Analysis Finds

Media coverage about Mellanox Technologies (NASDAQ:MLNX) has trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Mellanox Technologies earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave headlines about the semiconductor producer an impact score of 45.8355627267707 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the media stories that may have impacted Accern Sentiment’s analysis:

Shares of Mellanox Technologies (NASDAQ:MLNX) traded down 0.34% during midday trading on Friday, reaching $43.60. The company’s stock had a trading volume of 248,587 shares. The firm has a 50-day moving average of $44.61 and a 200-day moving average of $47.35. Mellanox Technologies has a one year low of $38.75 and a one year high of $52.79. The stock has a market cap of $2.19 billion, a PE ratio of 6228.57 and a beta of 0.68.

Mellanox Technologies (NASDAQ:MLNX) last issued its quarterly earnings data on Wednesday, July 26th. The semiconductor producer reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.01. The company had revenue of $212 million for the quarter, compared to the consensus estimate of $209.62 million. Mellanox Technologies had a return on equity of 5.93% and a net margin of 0.09%. The company’s revenue was down 1.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.87 earnings per share. On average, analysts forecast that Mellanox Technologies will post $2.14 EPS for the current year.

MLNX has been the topic of a number of research reports. BidaskClub downgraded shares of Mellanox Technologies from a “hold” rating to a “sell” rating in a research report on Thursday. Zacks Investment Research cut Mellanox Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Barclays PLC reaffirmed a “buy” rating and issued a $50.00 price target (down from $54.00) on shares of Mellanox Technologies in a research note on Thursday, July 27th. Credit Suisse Group set a $45.00 price target on Mellanox Technologies and gave the company a “hold” rating in a research note on Thursday, July 27th. Finally, Jefferies Group LLC reissued an “underperform” rating and set a $38.00 target price on shares of Mellanox Technologies in a research note on Tuesday, June 20th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. Mellanox Technologies presently has an average rating of “Hold” and a consensus price target of $49.86.

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In other news, Director Shai Cohen sold 50,000 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $47.16, for a total transaction of $2,358,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Yakov (Jacob) Shulman sold 2,407 shares of the stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $47.00, for a total value of $113,129.00. The disclosure for this sale can be found here. Insiders sold 64,953 shares of company stock valued at $3,060,791 in the last quarter. 6.05% of the stock is owned by company 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.

Insider Buying and Selling by Quarter for Mellanox Technologies (NASDAQ:MLNX)

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