UPDATE: Mellanox Technologies, Ltd. (MLNX) Tops Q3 EPS by 24c; Issues Weak Q4 Revenue Outlook

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Go back to UPDATE: Mellanox Technologies, Ltd. (MLNX) Tops Q3 EPS by 24c; Issues Weak Q4 Revenue Outlook

Needham & Company Trims Price Target on Mellanox (MLNX), Sticks With Buy Rating

October 18, 2012 11:02 AM EDT

Needham & Company trimmed its price target on Mellanox Technologies (NASDAQ: MLNX) from $120 to $115 after Q3 results and Q4 guidance but kept its Buy rating.

"MLNX reported 3Q12 rev. slightly above Street on recurring tailwinds of higher FDR 56Gb/s IB sales, large deals... More