Mellanox Technologies (MLNX) Given Daily News Sentiment Score of 0.26
Press coverage about Mellanox Technologies (NASDAQ:MLNX) has been trending positive this week, according to Accern Sentiment. The research firm scores the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Mellanox Technologies earned a media sentiment score of 0.26 on Accern’s scale. Accern also gave news stories about the semiconductor producer an impact score of 29 out of 100, meaning that recent press coverage is unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
- Mellanox Introduces Spectrum-2 – World’s Most Scalable 200 and 400 Gigabit Open Ethernet Switch Solution (it.tmcnet.com)
- Mellanox Introduces Spectrum-2 Open Ethernet Switch (hpcwire.com)
- Mellanox Introduces Spectrum-2 – World’s Most Scalable 200 and 400 Gigabit Open Ethernet Switch Solution (finance.yahoo.com)
- Mellanox Technologies, Ltd. Schedules Release of Second Quarter … (tmcnet.com)
- Mellanox Technologies, Ltd. Schedules Release of Second Quarter 2017 Financial Results and Conference Call for July 26, 2017 (finance.yahoo.com)
Shares of Mellanox Technologies (NASDAQ:MLNX) traded up 1.14% during trading on Tuesday, hitting $44.35. The stock had a trading volume of 272,106 shares. Mellanox Technologies has a one year low of $38.75 and a one year high of $52.79. The company has a market cap of $2.20 billion, a P/E ratio of 169.27 and a beta of 0.68. The stock’s 50-day moving average price is $45.99 and its 200-day moving average price is $46.82.
Mellanox Technologies (NASDAQ:MLNX) last announced its earnings results on Wednesday, April 26th. The semiconductor producer reported $0.29 EPS for the quarter, missing the consensus estimate of $0.49 by $0.20. The company had revenue of $188.65 million for the quarter, compared to analysts’ expectations of $204.70 million. Mellanox Technologies had a net margin of 1.58% and a return on equity of 8.12%. The business’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.81 earnings per share. On average, equities research analysts forecast that Mellanox Technologies will post $2.34 EPS for the current fiscal year.
Several analysts recently issued reports on MLNX shares. Zacks Investment Research lowered shares of Mellanox Technologies from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 3rd. BidaskClub lowered shares of Mellanox Technologies from a “hold” rating to a “sell” rating in a report on Thursday, June 29th. Jefferies Group LLC restated an “underperform” rating and issued a $38.00 price objective on shares of Mellanox Technologies in a report on Tuesday, June 20th. Credit Suisse Group lowered shares of Mellanox Technologies from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $50.00 to $45.00 in a report on Thursday, April 27th. Finally, Piper Jaffray Companies lowered shares of Mellanox Technologies from an “overweight” rating to a “neutral” rating and set a $48.00 price objective on the stock. in a report on Thursday, April 27th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $52.50.
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In related news, VP Michael Kagan sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $47.50, for a total transaction of $237,500.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 6.05% of the company’s stock.
Mellanox Technologies Company Profile
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.
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