Barclays on Mellanox Technologies (MLNX); Time To Lift Numbers Again
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Price: $48.73 -2.01%
Rating Summary:
7 Buy, 12 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 21
Rating Summary:
7 Buy, 12 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 21
Trade MLNX Now!
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, with a 52 week range of $25.81-$74.27.
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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, with a 52 week range of $25.81-$74.27.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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