Mellanox Technologies (MLNX) Tops Q4 EPS by 12c, Revenues Beat; Provides Q1 EPS Guidance Above Consensus

Mellanox Technologies (MLNX) PT Raised to $105 at Susquehanna

Susquehanna 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."

Pre-Open Stock Movers 01/30: (AMD) (MLNX) (OSK) (BA) (AAPL) Higher; (ACIU) (TUP) (JNPR) Lower (more...)

Today's Pre-Open Movers

Co-Diagnostics (NASDAQ: CODX) 168.5% HIGHER; announced today the sale of $3 million of preferred shares, convertible to common stock at a fixed price of $1.20 per share. The transaction consisted of negotiating the conversion of a $2M note to preferred stock, effectively eliminating the Companys debt, and an additional sale of $1M of preferred shares for cash.

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Intel (INTC) Offered up to $6 Billion for Mellanox (MLNX) - Calcalist

Intel (NASDAQ: INTC) is preparing to buy Mellanox Technologies (NASDAQ: MLNX), according to Calcalist, and bid as much as $6 billion. At least one other competing bid was submitted for the company.

Intel's offer includes cash and shares.

Intel offered up to $6 billion for Israel's Mellanox: reports

TEL AVIV (Reuters) - U.S. chipmaker Intel Corp has bid $5.5-$6 billion in cash and stock to buy Israel's Mellanox Technologies, Israeli media reported on Wednesday.

A $6 billion offer would represent a 35 percent premium to the last closing price of Mellanox on Nasdaq, the Calcalist financial news website... More

Jefferies Reiterates Buy on Mellanox Technologies (MLNX)

Jefferies analyst, George Notter, reiterated a Buy rating and $130.00 price target on Mellanox Technologies (NASDAQ: MLNX) following growing concerns over the risk of decelerating Data Center spending trends across the industry.

Notter believes that investors should keep their "eyes on the prize"... More