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

MELLANOX TECHNOLOGIES, LTD. (MLNX)
Mes dernières consult.
Most popular
  Report  
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 [email protected]

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

Stocks mentioned in the article
ChangeLast1st jan.
MELLANOX TECHNOLOGIES, LTD. -1.93% 68.7 Delayed Quote.-2.70%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on MELLANOX TECHNOLOGIES, LTD
02/23MELLANOX TECHNOLOGIES, LTD. : Today’s Research Reports on Trending Tickers: Mell..
AC
02/21MELLANOX TECHNOLOGIES : Updates First Quarter Outlook
BU
02/21MELLANOX TECHNOLOGIES : Appoints Steve Sanghi and Umesh Padval to Board of Direc..
BU
02/05MELLANOX TECHNOLOGIES : Starboard Highlights Troubling Pattern of Insider Sellin..
PR
02/01MELLANOX TECHNOLOGIES, LTD. : to Present at Upcoming Investor Conference
BU
01/24MELLANOX TECHNOLOGIES, LTD. : Free Research Report as Mellanox Technologies’ Rep..
AC
01/18MELLANOX TECHNOLOGIES : Achieves Record Quarterly and Annual Revenues; Forecasts..
BU
01/18MELLANOX TECHNOLOGIES : Starboard to nominate nine candidates to Mellanox board
RE
01/18MELLANOX TECHNOLOGIES : Confirms Receipt of Director Nominations from Starboard ..
BU
01/17MELLANOX TECHNOLOGIES : Starboard Value to Launch Proxy Fight for Entire Board a..
DJ
More news
News from SeekingAlpha
02/22Stifel raises Mellanox target to 49% upside 
02/21Mellanox Tech +7.9% after Q1 update, CFO transition, new board member 
02/14BY THE NUMBERS : Best Stocks In Technology 
01/22Mellanox Pushed Toward Higher Margins, But Ample Uncertainties Remain 
01/19MELLANOX TECHNOLOGIES : Good Results And Activist Interest Will Accelerate Gains 
Financials ($)
Sales 2018 991 M
EBIT 2018 175 M
Net income 2018 34,8 M
Finance 2018 419 M
Yield 2018 -
P/E ratio 2018 78,67
P/E ratio 2019 39,59
EV / Sales 2018 2,87x
EV / Sales 2019 2,42x
Capitalization 3 260 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 13
Average target price 78,0 $
Spread / Average Target 24%
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.-2.70%3 260
INTEL CORPORATION-0.48%214 448
TAIWAN SEMICONDUCTOR MFG. CO. LTD.--.--%212 306
NVIDIA CORPORATION24.81%146 355
TEXAS INSTRUMENTS-0.49%102 163
BROADCOM LIMITED-3.22%101 432