Mellanox Technologies, Ltd. (NASDAQ:MLNX) Expected to Post Earnings of $1.55 Per Share

Wall Street analysts expect that Mellanox Technologies, Ltd. (NASDAQ:MLNX) will announce earnings per share (EPS) of $1.55 for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Mellanox Technologies’ earnings, with the highest EPS estimate coming in at $1.59 and the lowest estimate coming in at $1.49. Mellanox Technologies posted earnings per share of $1.25 during the same quarter last year, which indicates a positive year-over-year growth rate of 24%. The company is scheduled to report its next quarterly earnings results on Tuesday, July 16th.

On average, analysts expect that Mellanox Technologies will report full-year earnings of $6.48 per share for the current fiscal year, with EPS estimates ranging from $6.33 to $6.90. For the next financial year, analysts anticipate that the business will report earnings of $7.20 per share, with EPS estimates ranging from $6.83 to $7.90. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Mellanox Technologies.

Mellanox Technologies (NASDAQ:MLNX) last released its quarterly earnings data on Tuesday, April 16th. The semiconductor producer reported $1.15 EPS for the quarter, missing the consensus estimate of $1.45 by ($0.30). The firm had revenue of $305.20 million for the quarter, compared to analysts’ expectations of $300.40 million. Mellanox Technologies had a return on equity of 17.69% and a net margin of 12.69%. The company’s revenue for the quarter was up 21.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.98 earnings per share.

Several research analysts have commented on MLNX shares. BidaskClub upgraded Mellanox Technologies from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 27th. Rosenblatt Securities restated a “neutral” rating on shares of Mellanox Technologies in a report on Wednesday, April 17th. Zacks Investment Research cut Mellanox Technologies from a “buy” rating to a “hold” rating in a research report on Monday, April 1st. Stifel Nicolaus cut Mellanox Technologies from a “buy” rating to a “hold” rating and set a $117.95 target price on the stock. in a research report on Thursday, March 14th. Finally, DA Davidson cut Mellanox Technologies from a “buy” rating to a “neutral” rating and set a $128.00 target price on the stock. in a research report on Tuesday, March 12th. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $115.00.

In other news, Director Glenda Dorchak sold 4,000 shares of the firm’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $118.30, for a total value of $473,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steve Sanghi acquired 20,000 shares of the stock in a transaction dated Wednesday, June 5th. The stock was acquired at an average cost of $110.54 per share, with a total value of $2,210,800.00. The disclosure for this purchase can be found here. 4.20% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of the company. Bank of Montreal Can raised its stake in shares of Mellanox Technologies by 30.7% during the 1st quarter. Bank of Montreal Can now owns 426 shares of the semiconductor producer’s stock valued at $51,000 after buying an additional 100 shares during the last quarter. Private Capital Group LLC raised its stake in shares of Mellanox Technologies by 15.4% during the 1st quarter. Private Capital Group LLC now owns 908 shares of the semiconductor producer’s stock valued at $107,000 after buying an additional 121 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Mellanox Technologies by 14.4% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,249 shares of the semiconductor producer’s stock valued at $148,000 after buying an additional 157 shares during the last quarter. Lido Advisors LLC raised its stake in shares of Mellanox Technologies by 4.7% during the 1st quarter. Lido Advisors LLC now owns 3,636 shares of the semiconductor producer’s stock valued at $430,000 after buying an additional 162 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of Mellanox Technologies by 0.5% during the 4th quarter. Northern Trust Corp now owns 38,003 shares of the semiconductor producer’s stock valued at $3,511,000 after buying an additional 172 shares during the last quarter. 75.20% of the stock is owned by hedge funds and other institutional investors.

MLNX traded down $0.32 during trading on Friday, hitting $111.46. 2,279 shares of the stock were exchanged, compared to its average volume of 1,293,875. The company has a market capitalization of $6.11 billion, a P/E ratio of 28.96, a PEG ratio of 1.19 and a beta of 0.41. Mellanox Technologies has a 1 year low of $65.68 and a 1 year high of $121.13. The company has a quick ratio of 2.99, a current ratio of 3.38 and a debt-to-equity ratio of 0.04.

About Mellanox Technologies

Mellanox Technologies, Ltd., a fabless semiconductor company, designs, manufactures, markets, and sells interconnect products and solutions. Its products facilitate data transmission between servers, storage systems, communications infrastructure equipment, and other embedded systems. The company offers InfiniBand solutions, including switch and gateway integrated circuits (ICs), adapter cards, cables, modules, and software, as well as switch, gateway, and long-haul systems; and Ethernet solutions, such as Ethernet switch products and Ethernet adapters for use in enterprise data center, high-performance computing, embedded environments, hyperscale, Web 2.0, and cloud data centers.

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Earnings History and Estimates for Mellanox Technologies (NASDAQ:MLNX)

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