Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nasdaq  >  Mellanox Technologies, Ltd.    MLNX   IL0011017329

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Mellanox Technologies, Ltd. : Law Offices of Howard G. Smith Announces Investigation On Behalf of Investors of Mellanox Technologies, Ltd.

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/13/2013 | 02:35am CET

Law Offices of Howard G. Smith announces that it is investigating potential claims against Mellanox Technologies, Ltd. ("Mellanox" or the "Company") (NASDAQ:MLNX) concerning possible violations of federal securities laws. The investigation focuses on allegations that certain statements issued by Mellanox between April 19, 2012 and January 2, 2013 were false and misleading concerning the Company's financial performance and prospects. Mellanox produces and supplies high-performance interconnect products that facilitate efficient data transmission between servers, storage systems and communications infrastructure equipment and other embedded systems.

The investigation is related to Mellanox's January 2, 2013 announcement lowering the Company's fourth quarter 2012 revenue guidance. Citing "a weaker demand environment, challenging macroeconomic conditions, and a technical issue associated with FDR 56Gb/s InfiniBand cabling which caused approximately $20 million of FDR deployments to be delayed" the Company revised its fourth quarter financial outlook to a range of $119 million to $121 million, sharply below the Company's previous guidance of $145 million to $150 million.

As a result of this news, the Company's stock price dropped more than 17%, or $10.46 per share, to a closing price of $50.70 per share on January 3, 2013 on heavy volume of more than 8.2 million shares traded.

If you purchased Mellanox common stock between April 19, 2012 and January 2, 2013, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
(215) 638-4847
(888) 638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com


© Business Wire 2013
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on MELLANOX TECHNOLOGIES, LTD
01/10 MELLANOX TECHNOLOGIES : Ethernet Solutions Selected to Accelerate Baidu's Machin..
01/10 MELLANOX TECHNOLOGIES : Ethernet Solutions Selected to Accelerate Baidu’s ..
01/04 MELLANOX TECHNOLOGIES LTD. : Schedules Release of Fourth Quarter 2016 Financial ..
2016 MELLANOX TECHNOLOGIES : 25G/100G Ethernet Solutions Enables Artificial Intellige..
2016 MELLANOX TECHNOLOGIES : Announces Record Breaking Performance Enabling Stateful ..
2016 MELLANOX TECHNOLOGIES : EDR 100Gb/s InfiniBand Accelerates the Largest National ..
2016 MELLANOX TECHNOLOGIES : EDR 100Gb/s InfiniBand Accelerates the Largest National ..
2016 200GBPS DATA TRANSFER USING NVME OVE : Liqid, Mellanox and EchoStreams Collabora..
2016 MELLANOX TECHNOLOGIES : Receives Six HPCwire Readers’ and Editors’ C..
2016 MELLANOX TECHNOLOGIES : InfiniBand Chosen by Nearly 4X More End-Users Versus Pro..
More news
Sector news : Semiconductors - NEC
01/21DJApple Sues Qualcomm Over Chips -- WSJ
01/21 Apple files $1 billion lawsuit against chip supplier Qualcomm
01/20DJCorrection to inauguration donors article on Thursday
01/12DJSmartphones Turn to Software Advances -- WSJ
01/11DJINTEL : Computer Chips Evolve to Keep Up With Deep Learning
More sector news : Semiconductors - NEC
News from SeekingAlpha
2016 Mellanox socked by Jefferies downgrade
2016 Brocade Looks Like Another Typical Broadcom (Avago) Deal
2016 Mellanox Technologies (MLNX) Q3 2016 Results - Earnings Call Transcript
2016 Mellanox Technologies beats by $0.01, revenue in-line
2016 Notable earnings after Thursday?s close
Advertisement
Financials ($)
Sales 2016 861 M
EBIT 2016 183 M
Net income 2016 20,6 M
Finance 2016 370 M
Yield 2016 -
P/E ratio 2016 110,70
P/E ratio 2017 32,84
EV / Sales 2016 2,02x
EV / Sales 2017 1,62x
Capitalization 2 108 M
More Financials
Chart MELLANOX TECHNOLOGIES, LTD
Duration : Period :
Mellanox Technologies, Ltd Technical Analysis Chart | MLNX | IL0011017329 | 4-Traders
Full-screen chart
Technical analysis trends MELLANOX TECHNOLO...
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 11
Average target price 57,3 $
Spread / Average Target 32%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Eyal D. Waldman President, Chief Executive Officer & Director
Irwin B. Federman Non-Executive Chairman
Ronnen Lovinger Vice President-Operations & Corporate Quality
Jacob Shulman Chief Financial Officer
Michael T. Kagan Chief Technology Officer & VP-Architecture
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
MELLANOX TECHNOLOGIES,..5.75%2 108
INTEL CORPORATION1.85%175 059
TAIWAN SEMICONDUCTOR M..--.--%149 008
BROADCOM LTD8.10%75 922
TEXAS INSTRUMENTS INCO..2.44%74 712
NVIDIA CORPORATION-2.56%55 645
More Results