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 CET
   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
11/21 MELLANOX TECHNOLOGIES, LTD. : Earnings Review and Free Research Report:Mellanox ..
11/21DJMELLANOX TECHNOLOGIES : Starboard Acquires Stake in Mellanox -- WSJ
11/21DJStarboard Value Takes 10.7% Stake in Mellanox Technologies -- Update
11/20DJStarboard Value Takes 10.7% Stake in Mellanox Technologies
11/14 MELLANOX TECHNOLOGIES : Propels NetApp to New Heights With 100Gb/s InfiniBand Co..
11/13 MELLANOX TECHNOLOGIES : InfiniBand Accelerates 77 Percent of New High-Performanc..
11/13 MELLANOX TECHNOLOGIES : InfiniBand Solutions to Accelerate the World's Next Fast..
11/13 MELLANOX TECHNOLOGIES : Deployment Collaboration With Lenovo Will Power Canada's..
11/13 MELLANOX TECHNOLOGIES : InfiniBand Solutions to Accelerate the World’s Nex..
11/13 MELLANOX TECHNOLOGIES : Deployment Collaboration With Lenovo Will Power Canada&r..
More news
News from SeekingAlpha
11/22 DA Davidson raises its Mellanox Tech price target
11/21 PREMARKET GAINERS AS OF 9 : 05 am
11/20 Starboard Value discloses 10.7% stake in Mellanox, wants to explore sale
10/25 Mellanox Technologies' (MLNX) CEO Eyal Waldman on Q3 2017 Results - Earnings ..
10/25 Mellanox down 5% after Q3, guidance revenue misses
Financials ($)
Sales 2017 862 M
EBIT 2017 118 M
Net income 2017 1,78 M
Finance 2017 299 M
Yield 2017 -
P/E ratio 2017 329,83
P/E ratio 2018 58,34
EV / Sales 2017 2,99x
EV / Sales 2018 2,53x
Capitalization 2 877 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
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 51,9 $
Spread / Average Target -8,2%
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.22.37%2 877
TAIWAN SEMICONDUCTOR MFG. CO. LTD.--.--%210 714
INTEL CORPORATION23.05%210 319
NVIDIA CORPORATION98.01%129 630
BROADCOM LIMITED53.79%112 843
TEXAS INSTRUMENTS33.95%97 758