Jefferies Cuts Price Target on Mellanox Technologies (MLNX) Following EXCH Acquisition

Jefferies reiterated a Hold rating on Mellanox Technologies (NASDAQ: MLNX), and cut the price target to $42.00 (from $50.00), following the company's acquisition of EZCH.

Analyst James Kisner commented, "MLNX's acquisition of EZCH enhances the company's switching efforts and expands its presence in the carrier market. We like the potential accretion but need to do some digging on risks from integration, EZCH's recent architectural changes, and the increased carrier exposure. Maintain Hold."

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 $37.79 yesterday.

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