Mellanox Technologies (MLNX) Tops Q3 EPS by 12c, Offers Q4 Guidance

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Mellanox Technologies (MLNX) PT Lifted 10% at Piper Jaffray

October 23, 2014 8:36 AM EDT

Piper Jaffray Overweight Mellanox Technologies (NASDAQ: MLNX) price target of $55.00 (from $50.00) following better-than-expected Q3 results.

Analyst Andrew Nowinski comments, "Mellanox beat quarterly expectations for the first time since 2Q13 and guided above the Street for the second consecutive quarter. The Grantley refresh... More