Mellanox Technologies (MLNX) Tops Q1 EPS by 12c; Guides Q2 Revs Above the Street
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Mellanox (MLNX) Price Target Lifted to $60 at Summit Research Post Q1
April 21, 2015 11:35 AM EDTSummit Research analyst Srini Nandury reiterated a Buy rating and raised his price target on Mellanox Technologies (NASDAQ: MLNX) to $60.00 (from $56.00) following Q1 revenue and EPS that were significantly ahead of both the firm's and consensus estimates.
Nandury commented, "As we had anticipated in our... More
