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. : 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
07/26 MELLANOX TECHNOLOGIES : Reports Second Quarter 2017 Results
07/26 MELLANOX TECHNOLOGIES, LTD. : Investor Network: Mellanox Technologies, Ltd. to H..
07/11 MELLANOX TECHNOLOGIES : InfiniBand and Ethernet Solutions Accelerate New Intel® ..
07/06 MELLANOX TECHNOLOGIES : Introduces Spectrum-2 - World’s Most Scalable 200 ..
07/05 MELLANOX TECHNOLOGIES, LTD. : Schedules Release of Second Quarter 2017 Financial..
06/27 MELLANOX TECHNOLOGIES : Initiating Research Reports on Semiconductor Equities --..
06/21 MELLANOX TECHNOLOGIES : Ethernet and InfiniBand Chosen by AMD as the Preferred I..
06/20 MELLANOX TECHNOLOGIES : Interconnect Solutions Scale Deep Learning Platforms to ..
06/19 MELLANOX TECHNOLOGIES : InfiniBand Accelerates Majority of New Systems on TOP500..
06/19 MELLANOX TECHNOLOGIES : Kyushu University's New Supercomputer Accelerated by Mel..
More news
News from SeekingAlpha
07/26 Mellanox Technologies (MLNX) Q2 2017 Results - Earnings Call Transcript
07/26 Mellanox Technologies, Ltd. 2017 Q2 - Results - Earnings Call Slides
07/26 Mellanox Technologies beats Q2 estimates, issues weak Q3 guidance
07/26 Mellanox Technologies EPS in-line, beats on revenue
07/25 Notable earnings after Wednesday?s close
Financials ($)
Sales 2017 878 M
EBIT 2017 121 M
Net income 2017 15,1 M
Finance 2017 312 M
Yield 2017 -
P/E ratio 2017 161,96
P/E ratio 2018 35,19
EV / Sales 2017 2,18x
EV / Sales 2018 1,74x
Capitalization 2 224 M
Chart MELLANOX TECHNOLOGIES, LTD
Duration : Period :
Mellanox Technologies, Ltd Technical Analysis Chart | MLNX | IL0011017329 | 4-Traders
Technical analysis trends MELLANOX TECHNOLOGIES, LTD
Short TermMid-TermLong Term
TrendsBullishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 12
Average target price 53,9 $
Spread / Average Target 20%
EPS 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
Sector and Competitors
1st jan.Capitalization (M$)
MELLANOX TECHNOLOGIES, LTD.10.76%2 224
TAIWAN SEMICONDUCTOR MFG. CO. LTD.--.--%182 782
INTEL CORPORATION-4.41%163 261
BROADCOM LIMITED43.86%102 066
NVIDIA CORPORATION56.70%98 383
TEXAS INSTRUMENTS13.13%81 091