Mellanox Technologies (MLNX) Tops Q3 EPS by 7c, Slight Miss on Revenues; Offers Q4 Revenue Outlook

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Go back to Mellanox Technologies (MLNX) Tops Q3 EPS by 7c, Slight Miss on Revenues; Offers Q4 Revenue Outlook

JPMorgan Downgrades Mellanox Technologies (MLNX) to Neutral

October 26, 2017 4:39 AM EDT

JPMorgan downgraded Mellanox Technologies (NASDAQ: MLNX) from Overweight to Neutral with a price target of $47.00 (from $51.00).

Analyst Harlan Sur suspects 2018 will be tough for equity performance noting "flattish" growth in InfiniBand next year coupled with potential for increased competition in the Ethernet... More