Mellanox Reports First Quarter 2017 Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Chip stocks plunge, but bargain-hunters stem losses in other tech names
- FedEx falls 4% as FY2027 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Needham Starts NeoVolta (NEOV) at Buy
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
Mellanox Technologies (MLNX) PT Lowered to $38 at Jefferies Following 1Q Miss
April 27, 2017 10:10 AM EDTJefferies lowered its price target on Mellanox Technologies (NASDAQ: MLNX) to $38.00 (from $41.00) while maintaining an Underperform rating. Q1 revenues totaled $188.7M, below the Street's $204.7M. EPS reached $0.29, well below the Street's $0.49. The company blamed delays in next-gen x86 server availability, technology transitions, and merger-related... More
Credit Suisse Downgrades Mellanox Technologies (MLNX) to Neutral
April 27, 2017 6:10 AM EDTCredit Suisse downgraded Mellanox Technologies (NASDAQ: MLNX) from Outperform to Neutral with a price target of $45.00 (from $50.00).
Analyst John Pitzer noted while the company well levered to their Data Growth Paradigm, execution has been lackluster, with the stock up ~25% YTD ahead... More
