Deutsche Bank Starts Mellanox Technologies (MLNX) at Buy, $140 Target
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Price: $124.89 --0%
Rating Summary:
17 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Rating Summary:
17 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
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Deutsche Bank initiates coverage on Mellanox Technologies (NASDAQ: MLNX) with a Buy. PT $140.00.
The firm comments, "Mellanox is the leader in high throughput and low latency interconnect solutions that optimize the performance of servers and storage systems in High Performance Computing (HPC), Web 2.0 and enterprise data centers. It has a dominant share in InfiniBand and a growing Ethernet footprint, the two leading interconnect solutions. Its 111% YoY growth in Q2 revenues to $134m resulted from InfiniBand moving into the mainstream from the niche HPC segment. We expect Mellanox to continue its rapid growth path as the main demand drivers are at an early stage of development, while penetration rates are low at c10% but rising fast."
Deutsche Bank expects 2011-13e revenues and EPS to increase at 63% and 101% CAGR to $689m and $4.29 respectively.
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 $114.39 yesterday.
The firm comments, "Mellanox is the leader in high throughput and low latency interconnect solutions that optimize the performance of servers and storage systems in High Performance Computing (HPC), Web 2.0 and enterprise data centers. It has a dominant share in InfiniBand and a growing Ethernet footprint, the two leading interconnect solutions. Its 111% YoY growth in Q2 revenues to $134m resulted from InfiniBand moving into the mainstream from the niche HPC segment. We expect Mellanox to continue its rapid growth path as the main demand drivers are at an early stage of development, while penetration rates are low at c10% but rising fast."
Deutsche Bank expects 2011-13e revenues and EPS to increase at 63% and 101% CAGR to $689m and $4.29 respectively.
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 $114.39 yesterday.
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