Mellanox Delivers Record Fourth Quarter and Annual 2018 Results, Exceeded $1 Billion in Annual Revenue in 2018
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Mellanox Technologies (MLNX) PT Raised to $105 at Susquehanna
January 31, 2019 8:33 AM ESTSusquehanna analyst Christopher Rolland raised the price target on Mellanox Technologies (NASDAQ: MLNX) to $105.00 (from $95.00) while maintaining a Positive rating.
Rolland commented, "Despite the digestion of Ethernet inventory by hyperscalers (portended by INTC and NVDA), InfiniBand growth drove better results/guidance, rare this EPS season."
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Mellanox Technologies (MLNX) Tops Q4 EPS by 12c, Revenues Beat; Provides Q1 EPS Guidance Above Consensus
January 30, 2019 4:07 PM ESTMellanox Technologies (NASDAQ: MLNX) reported Q4 EPS of $1.42, $0.12 better than the analyst estimate of $1.30. Revenue for the quarter came in at $290.1 million versus the consensus estimate of $285.23 million.
Mellanox had an outstanding 2018, delivering 26% annual revenue growth and achieving $1.09 billion in revenue for the first time in our history. We leveraged top line growth and strong expense discipline to accelerate profitability. We expect to carry this momentum into 2019 and deliver another year of healthy, double-digit revenue growth to drive operating margins even higher, said Eyal Waldman, President and CEO of Mellanox Technologies.
We achieved... More
