Equities analysts predict that Mellanox Technologies, Ltd. (NASDAQ:MLNX) will announce earnings per share (EPS) of $1.55 for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Mellanox Technologies’ earnings, with estimates ranging from $1.49 to $1.59. Mellanox Technologies reported earnings of $1.25 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 24%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, July 16th.

On average, analysts expect that Mellanox Technologies will report full year earnings of $6.48 per share for the current financial year, with EPS estimates ranging from $6.33 to $6.90. For the next fiscal year, analysts anticipate that the firm 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 averages are a mean average based on a survey of sell-side research firms that that provide coverage for Mellanox Technologies.

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

A number of research firms have commented on MLNX. BidaskClub lowered shares of Mellanox Technologies from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 20th. DA Davidson boosted their target price on shares of Mellanox Technologies to $124.00 and gave the stock a “buy” rating in a research note on Monday, January 28th. Stifel Nicolaus downgraded shares of Mellanox Technologies from a “buy” rating to a “hold” rating and set a $117.95 target price for the company. in a research note on Thursday, March 14th. Zacks Investment Research downgraded shares of Mellanox Technologies from a “buy” rating to a “hold” rating in a research note on Monday, April 1st. Finally, Susquehanna Bancshares downgraded shares of Mellanox Technologies from a “positive” rating to a “neutral” rating in a research note on Monday, March 11th. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $115.00.

NASDAQ:MLNX traded up $1.68 on Thursday, reaching $111.32. The stock had a trading volume of 1,486,660 shares, compared to its average volume of 1,394,134. The firm has a market cap of $6.01 billion, a PE ratio of 28.91, a price-to-earnings-growth ratio of 1.20 and a beta of 0.29. 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.

In other Mellanox Technologies news, Director Glenda Dorchak sold 4,000 shares of the business’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $118.30, for a total value of $473,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 4.20% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp raised its stake in shares of Mellanox Technologies by 25.0% during the third quarter. Bank of New York Mellon Corp now owns 73,765 shares of the semiconductor producer’s stock worth $5,418,000 after buying an additional 14,749 shares during the last quarter. BlackRock Inc. raised its stake in shares of Mellanox Technologies by 6.2% during the third quarter. BlackRock Inc. now owns 416,774 shares of the semiconductor producer’s stock worth $30,613,000 after buying an additional 24,336 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Mellanox Technologies by 37.1% during the third quarter. JPMorgan Chase & Co. now owns 63,762 shares of the semiconductor producer’s stock worth $4,683,000 after buying an additional 17,244 shares during the last quarter. Neuberger Berman Group LLC raised its stake in shares of Mellanox Technologies by 22.1% during the third quarter. Neuberger Berman Group LLC now owns 1,394,062 shares of the semiconductor producer’s stock worth $102,389,000 after buying an additional 252,239 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Mellanox Technologies by 4.8% during the third quarter. Legal & General Group Plc now owns 14,186 shares of the semiconductor producer’s stock worth $1,042,000 after buying an additional 653 shares during the last quarter. 78.14% of the stock is owned by institutional investors.

Mellanox Technologies Company Profile

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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