Mellanox Technologies (MLNX) Tops Q2 EPS by 16c, Offers Q3 and FY Guidance

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Mellanox Technologies (MLNX) PT Raised to $110 at Piper Jaffray on 2Q Beat & Positive FY Guidance; 'Continued Strength in the Business'

July 18, 2018 6:06 AM EDT

Piper Jaffray raised its price target on Mellanox Technologies (NASDAQ: MLNX) to $110.00 (from $100.00) while maintaining a Overweight rating, following the company's second quarter announcement.

Analyst James Fish notes a positive outlook on the shares, as MLNX reported second quarter earnings per share and revenues... More