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

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

Delayed Quote. Delayed  - 08/26 10:00:00 pm
43.26 USD   +0.56%
08/23 MELLANOX TECHNO : Expands Asia-Pacific Presence, New Singapore Headq..
08/16 MELLANOX TECHNO : Demonstrates Accelerated NVMe Over Fabrics at Inte..
08/09 MELLANOX TECHNO : Demonstrates Windows Server 2016 Storage Spaces Di..
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Mellanox Technologies, Ltd. : Mellanox Cuts 4th-Quarter Revenue Outlook on Weakened Demand

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/02/2013 | 10:43pm CEST
   By Ben Fox Rubin 
 

Mellanox Technologies Ltd. (MLNX, MLNX.TV) sharply reduced its fourth-quarter revenue projections, as the data-storage company cited weakened demand, among other issues.

The company now expects quarterly revenue of $119 million to $121 million, below its previous guidance of $145 million to $150 million. It now expects annual revenue of $500 million, below current estimates of $527 million from analysts polled by Thomson Reuters.

Mellanox cited softer demand, challenging macroeconomic conditions and technical issues associated with FDR 56Gb/s InfiniBand cabling that caused approximately $20 million of FDR deployments to be delayed. The company added that the cabling issue has been resolved and isn't expected to impact revenue in the future.

The company, which also backed its adjusted gross margin guidance, plans to discuss its fourth-quarter results on Jan. 23.

Mellanox provides interconnect products for data centers--essentially pipes that connect servers and other hardware to each other--using the high-speed InfiniBand technology standard. Its products have been popular in supercomputers that allow users to perform tasks such as weapons research, but they are now gaining traction with organizations seeking advanced technology in their own data centers.

Mellanox, whose sales were projected to quintuple from 2007 to 2012, was expected to continue growing at a steady clip. The introduction of a new server processor by Intel Corp. (INTC), dubbed Romley, has been spurring more data-center spending and benefiting Mellanox, while increased adoption of cloud computing was raising demand for the company's InfiniBand interconnect products.

Shares closed Wednesday at $61.19 and were halted after hours. The stock is down 41% over the past three months.

Write to Ben Fox Rubin at ben.rubin@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on MELLANOX TECHNOLOGIES, LTD
08/23 MELLANOX TECHNOLOGIES : Expands Asia-Pacific Presence, New Singapore Headquarter..
08/16 MELLANOX TECHNOLOGIES : Demonstrates Accelerated NVMe Over Fabrics at Intel Deve..
08/09 MELLANOX TECHNOLOGIES : Demonstrates Windows Server 2016 Storage Spaces Direct a..
08/09 MELLANOX TECHNOLOGIES : Launches Integrated Networking Solutions That Accelerate..
08/08 E8 STORAGE : and Mellanox Collaborate to Drive High-Performance Centralized NVMe..
08/08 MELLANOX TECHNOLOGIES : Eli Fruchter Joins Nova's Board of Directors
07/27 MELLANOX TECHNOLOGIES : Medallia Deploys Mellanox Ethernet Solutions to Supercha..
07/25 MELLANOX TECHNOLOGIES : Receives Baidu's Award for Technology Leadership, Drives..
07/25 MELLANOX TECHNOLOGIES : Receives Baidu’s Award for Technology Leadership, ..
07/21 MELLANOX TECHNOLOGIES : The University of Tokyo Selects Mellanox EDR InfiniBand ..
More news
Sector news : Semiconductors - NEC
08/25DJChina Sets New Tone in Drafting Cybersecurity Rules
08/25DJToday's Top Supply Chain and Logistics News From WSJ
08/24DJChip Rivals Make New Challenge on Intel -- WSJ
08/23DJIBM, AMD and Others Plan Assault on Intel's Chip Dominance
08/23 Mobileye, Delphi aim to release self-driving system in 2019
More sector news : Semiconductors - NEC
News from SeekingAlpha
08/21 TAKEAWAY FROM INTEL'S IDF 2016 : Stock And Revenue To Double In 5 Years
07/28 GROWTH : The New Safety Trade
07/28 MELLANOX : Ethernet And EDR To Drive Double-Digit Returns
07/21 TECHNOLOGY - TOP 5 GAINERS / LOSERS : 00 pm
07/20 Mellanox Technologies (MLNX) Eyal D. Waldman on Q2 2016 Results - Earnings Ca..
Advertisement
Financials ($)
Sales 2016 870 M
EBIT 2016 174 M
Net income 2016 27,2 M
Finance 2016 27,0 M
Yield 2016 -
P/E ratio 2016 80,07
P/E ratio 2017 24,72
EV / Sales 2016 2,36x
EV / Sales 2017 2,00x
Capitalization 2 081 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
TrendsBearishNeutralNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 11
Average target price 63,8 $
Spread / Average Target 47%
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,..2.66%2 081
INTEL CORPORATION2.35%166 815
TAIWAN SEMICONDUCTOR M..--.--%145 026
TEXAS INSTRUMENTS INCO..27.39%69 974
NVIDIA CORPORATION88.20%33 186
ARM HOLDINGS PLC62.37%31 207
More Results