Mellanox Technologies (MLNX) Receiving Somewhat Positive Press Coverage, Report Finds

News articles about Mellanox Technologies (NASDAQ:MLNX) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Mellanox Technologies earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned news stories about the semiconductor producer an impact score of 46.4231029355501 out of 100, indicating that recent media coverage is somewhat 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’s rankings:

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NASDAQ MLNX opened at $73.50 on Friday. Mellanox Technologies has a 52-week low of $41.55 and a 52-week high of $76.80. The company has a quick ratio of 2.25, a current ratio of 2.58 and a debt-to-equity ratio of 0.07. The firm has a market cap of $3,841.50, a PE ratio of 80.77, a P/E/G ratio of 2.01 and a beta of 0.54.

Mellanox Technologies (NASDAQ:MLNX) last posted its quarterly earnings data on Thursday, January 18th. The semiconductor producer reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.14. The company had revenue of $237.60 million during the quarter, compared to the consensus estimate of $235.43 million. Mellanox Technologies had a negative net margin of 2.25% and a positive return on equity of 4.76%. The firm’s revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.82 EPS. equities analysts expect that Mellanox Technologies will post 2.45 EPS for the current year.

Several research analysts have commented on the stock. Susquehanna Bancshares reissued a “positive” rating and issued a $80.00 price target (up from $75.00) on shares of Mellanox Technologies in a report on Friday, January 19th. Piper Jaffray reaffirmed a “hold” rating and set a $73.00 price objective on shares of Mellanox Technologies in a report on Friday, January 19th. Loop Capital started coverage on shares of Mellanox Technologies in a report on Monday, January 29th. They set a “buy” rating and a $84.00 price objective for the company. DA Davidson reaffirmed a “buy” rating and set a $80.00 price objective on shares of Mellanox Technologies in a report on Monday, January 22nd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $80.00 price objective on shares of Mellanox Technologies in a report on Friday, January 19th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $69.25.

In other Mellanox Technologies news, CFO Yakov (Jacob) Shulman sold 2,406 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $65.39, for a total value of $157,328.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Eyal Waldman sold 1,975 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $65.23, for a total transaction of $128,829.25. The disclosure for this sale can be found here. Over the last three months, insiders acquired 1,292 shares of company stock valued at $85,270 and sold 54,381 shares valued at $3,628,808. Insiders own 6.05% of the company’s stock.

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About Mellanox Technologies

Mellanox Technologies, Ltd., a fabless semiconductor company, designs, manufactures, and sells interconnect products and solutions worldwide. Its products facilitate data transmission between servers, storage systems, communications infrastructure equipment, and other embedded systems. The company offers InfiniBand solutions, including switch and gateway integrated circuits (ICs), adapter cards, cables, modules, and software, as well as switch, gateway, and long-haul systems; Ethernet solutions, such as Ethernet switch products and Ethernet adapters for use in enterprise data center, high-performance computing, embedded environments, hyperscale, Web 2.0, and cloud data centers.

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

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