Mellanox Introduces Data Center Packet Processing Platform Based on Company’s New Indigo Network Processor

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Mellanox Technologies (MLNX) PT Lowered to $36 at Jefferies Following 4Q Miss

February 2, 2017 8:18 AM EST

Jefferies lowered its price target on Mellanox Technologies (NASDAQ: MLNX) to $36.00 (from $37.00) while maintaining a Underperform rating. Q4 revenues totaled $222M, below the Street's $225M. EPS reached $0.82, missing the Street's $0.86 driven by the revenue miss.

Analyst James Kisner commented, "Q4 was a bit... More