Transforming Network Infrastructure Industry News

TMCNet:  Downgrade Alert for Mellanox Technologies (MLNX)

[January 25, 2013]

Downgrade Alert for Mellanox Technologies (MLNX)

Jan 25, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Mellanox Technologies (NASDAQ:MLNX) was downgraded from Buy to Hold at Craig-Hallum today. The stock closed yesterday at $51.01 on volume of 11.2 million shares, above average daily volume of 1.5 million. Over the past year, Mellanox Technologies has traded in a range of $24.51 to $120.05 and closed yesterday at $51.01, 108% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 3% while the 200-day MA has risen 0.2%.

Mellanox Technologies (NASDAQ:MLNX) has potential upside of 38.0% based on a current price of $51.01 and analysts' consensus price target of $70.40. The stock should run into initial resistance at its 50-day moving average (MA) of $65.18 and subsequent resistance at its 200-day MA of $77.52.

Mellanox Technologies Ltd. designs and develops semiconductor-based, high-performance interconnect products. The Company's products facilitate data transmission between servers and storage systems through communications infrastructure equipment.

SmarTrend recommended that its subscribers protect gains by selling shares of Mellanox Technologies on December 3rd, 2012 by issuing a Downtrend alert when the shares were trading at $70.43. Since that call, shares of Mellanox Technologies have fallen 27.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

[ Back To Transforming Network Infrastructure's Homepage ]




Featured Blog Entries

Reflections from an Interop Veteran and Alum

When I returned to the Fiber Mountain™ offices in Connecticut after exhibiting at Interop Las Vegas 2015, I couldn’t help but think about how much the event has evolved through the years. I have been attending this seminal IT and networking conference since its inception in 1986 when it was called the TCP/IP Vendor Workshop, focused on interoperability of various TCP/IP program stacks.

What Fiber Mountain's Interop Recognition Means for Our Industry

When Fiber Mountain™ began its journey with a launch at Interop New York last fall, we certainly believed that we had a solution that would make a significant impact in the data center space.

What On-Board Optics Means for Density and Flexibility

This past week I read an article in Lightwave Magazine and another in Network World about the formation of the Consortium for On-board Optics (COBO), a group that seeks to create specifications and increase the faceplate density of data center switches and adapters.

Scaling Hyperscale in an Age of Exponential Growth and Virtualization

Over the past several years server, network, storage and application virtualization has revolutionized the way hyperscale data centers are built by consolidating workloads. The trend has simplified network architecture significantly and resulted in huge cost savings as well.

Video Showcase