Mellanox Technologies (NASDAQ:MLNX) will release its earnings data after the market closes on Thursday, January 18th. Analysts expect Mellanox Technologies to post earnings of $0.68 per share for the quarter. Mellanox Technologies has set its Q4 guidance at $0.61-0.83 EPS.
Mellanox Technologies (NASDAQ:MLNX) last released its quarterly earnings data on Wednesday, October 25th. The semiconductor producer reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.07. Mellanox Technologies had a negative net margin of 0.92% and a positive return on equity of 4.76%. The company had revenue of $225.70 million during the quarter, compared to the consensus estimate of $226.74 million. During the same period in the previous year, the firm earned $0.93 earnings per share. Mellanox Technologies’s revenue for the quarter was up .7% on a year-over-year basis. On average, analysts expect Mellanox Technologies to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of Mellanox Technologies (MLNX) opened at $64.75 on Wednesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.78 and a current ratio of 3.12. Mellanox Technologies has a 52 week low of $40.70 and a 52 week high of $66.80. The stock has a market cap of $3,300.00, a P/E ratio of -404.69, a price-to-earnings-growth ratio of 2.32 and a beta of 0.62.
In other news, CFO Yakov (Jacob) Shulman sold 2,706 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $46.32, for a total value of $125,341.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Michael Kagan sold 2,293 shares of the company’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $59.00, for a total transaction of $135,287.00. The disclosure for this sale can be found here. Insiders sold 260,718 shares of company stock valued at $13,455,300 over the last 90 days. Insiders own 6.05% of the company’s stock.
A hedge fund recently raised its stake in Mellanox Technologies stock. State Street Corp boosted its stake in Mellanox Technologies, Ltd. (NASDAQ:MLNX) by 5.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,753 shares of the semiconductor producer’s stock after acquiring an additional 2,725 shares during the period. State Street Corp owned 0.11% of Mellanox Technologies worth $2,329,000 at the end of the most recent reporting period. 60.81% of the stock is owned by hedge funds and other institutional investors.
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About Mellanox Technologies
Mellanox Technologies, Ltd. is a fabless semiconductor company. The Company is an integrated supplier of interconnect products and solutions based on the InfiniBand and Ethernet standards. The Company operates in the development, manufacturing, marketing and sales of interconnect products segment. Its products facilitate data transmission between servers, storage systems, communications infrastructure equipment and other embedded systems.
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