Mellanox Technologies (MLNX) Misses Q4 EPS by 4c; Guides Below Views
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February 2, 2017 8:55 AM EST
Barclays lowered its price target on Mellanox Technologies (NASDAQ: MLNX) to $54.00 (from $55.00) while maintaining a Overweight rating.
Analyst Joseph Wolf said the despite the miss long term intact, although rebuilding investor sentiment may take time.
They drop their revenue estimate to $208.8mln from $225.4mln. EPS drops for 1Q17/2017 to $0.54/$3.38 from $0.83/$3.84.
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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
