Zacks: Analysts Anticipate Mellanox Technologies, Ltd. (MLNX) Will Announce Earnings of $0.82 Per Share

Equities analysts expect Mellanox Technologies, Ltd. (NASDAQ:MLNX) to report earnings per share (EPS) of $0.82 for the current quarter, Zacks reports. Four analysts have made estimates for Mellanox Technologies’ earnings. The lowest EPS estimate is $0.76 and the highest is $0.88. Mellanox Technologies reported earnings of $0.29 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 182.8%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, April 25th.

On average, analysts expect that Mellanox Technologies will report full-year earnings of $3.66 per share for the current fiscal year, with EPS estimates ranging from $3.39 to $3.86. For the next fiscal year, analysts forecast that the company will report earnings of $4.17 per share, with EPS estimates ranging from $3.96 to $4.62. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Mellanox Technologies.

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Mellanox Technologies (NASDAQ:MLNX) last released its quarterly earnings data on Thursday, January 18th. The semiconductor producer reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.14. Mellanox Technologies had a negative net margin of 2.25% and a positive return on equity of 4.76%. The business had revenue of $237.60 million for the quarter, compared to analysts’ expectations of $235.43 million. During the same quarter last year, the company earned $0.82 EPS. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year.

MLNX has been the topic of a number of analyst reports. Loop Capital initiated coverage on shares of Mellanox Technologies in a report on Monday, January 29th. They issued a “buy” rating and a $84.00 price objective on the stock. DA Davidson reaffirmed a “buy” rating and issued a $80.00 price objective on shares of Mellanox Technologies in a report on Monday, January 22nd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $80.00 price objective on shares of Mellanox Technologies in a report on Friday, January 19th. Benchmark increased their price objective on shares of Mellanox Technologies from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, January 19th. Finally, BidaskClub raised shares of Mellanox Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, December 5th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $69.25.

In other Mellanox Technologies news, CEO Eyal Waldman sold 2,500 shares of the firm’s stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $64.80, for a total transaction of $162,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Michael Kagan sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $71.00, for a total transaction of $355,000.00. The disclosure for this sale can be found here. In the last three months, insiders have acquired 1,292 shares of company stock worth $85,270 and have sold 79,971 shares worth $5,299,940. 6.05% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the company. Sphera Funds Management LTD. bought a new position in shares of Mellanox Technologies during the 4th quarter valued at about $4,752,000. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of Mellanox Technologies by 24,616.2% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 184,383 shares of the semiconductor producer’s stock valued at $11,930,000 after purchasing an additional 183,637 shares in the last quarter. Spark Investment Management LLC bought a new position in shares of Mellanox Technologies during the 4th quarter valued at about $2,154,000. First Interstate Bank boosted its position in shares of Mellanox Technologies by 77.2% during the 4th quarter. First Interstate Bank now owns 4,660 shares of the semiconductor producer’s stock valued at $302,000 after purchasing an additional 2,030 shares in the last quarter. Finally, Senvest Management LLC boosted its position in shares of Mellanox Technologies by 27.5% during the 3rd quarter. Senvest Management LLC now owns 1,087,095 shares of the semiconductor producer’s stock valued at $51,257,000 after purchasing an additional 234,424 shares in the last quarter. Institutional investors own 68.07% of the company’s stock.

Mellanox Technologies (NASDAQ:MLNX) traded up $2.85 during mid-day trading on Monday, hitting $75.45. 303,958 shares of the company were exchanged, compared to its average volume of 562,538. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.25 and a current ratio of 2.58. Mellanox Technologies has a 1-year low of $41.55 and a 1-year high of $76.80. The firm has a market cap of $3,784.16, a PE ratio of -193.46, a PEG ratio of 1.98 and a beta of 0.62.

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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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Earnings History and Estimates for Mellanox Technologies (NASDAQ:MLNX)

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