Barclays on Mellanox Technologies (MLNX); Time To Lift Numbers Again

June 25, 2012 2:30 PM EDT
Get Alerts MLNX Hot Sheet
Price: $43.75 +1.16%

Rating Summary:
    21 Buy, 5 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 22 | Down: 17 | New: 13
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Barclays reiterates an 'Overweight' on Mellanox Technologies (NASDAQ: MLNX) price target of $80.00.

Analyst, Joseph Wolf, said, "Shares have reached another new level based on positive news flow from multiple customers. We have increased our estimates for 2H12 and 2013 as we believe the opportunity continues to expand and MLNX gains market share in Infiniband and grows its Ethernet business."

Wolf raises FY12 EPS estimate from $2.19 to $2.24 and revs from $423 mln to $4.32 mln. FY13 gets a boost from $2.57 and $501 mln to $2.98 and $512 mln.

For an analyst ratings summary and ratings history on Mellanox Technologies click here. For more ratings news on Mellanox Technologies click here.

Shares of Mellanox Technologies closed at $69.33 yesterday.

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