The shares of Mellanox Technologies, Ltd. (MLNX) traded with a loss of -0.2 points or -0.42% in the most recent session. The shares last traded at $47.15. As per the trading info, the shares saw $1.23 million in upticks and lost $0.35 million in downticks, resulting in a net money flow of $0.88 million. The up/down ratio for the day was measured at 3.54. For the week, the shares had posted -2.78%.From the block trade data available, the total upticks were valued at $0.56 million and the total downticks were valued at $0 million, thereby putting the up/down ratio at 0. The net money flow for the block transaction was $0.56 million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.
Mellanox Technologies, Ltd. has dropped 0.64% in the last five trading days, however, the shares have posted positive gains of 14.43% in the last 4 weeks. Mellanox Technologies, Ltd. is up 7.83% in the last 3-month period. Year-to-Date the stock performance stands at 14.43%. Mellanox Technologies, Ltd. (NASDAQ:MLNX) witnessed a decline in the market cap on Wednesday as its shares dropped 1.16% or 0.55 points. After the session commenced at $47.35, the stock reached the higher end at $48 while it hit a low of $46.6. With the volume soaring to 1,433,929 shares, the last trade was called at $46.8. The company has a 52-week high of $55.8. The company has a market cap of $2,281 million and there are 48,740,562 shares in outstanding. The 52-week low of the share price is $38.75.
Company has reported several Insider transactions to the SEC, on Dec 12, 2016, Shai Cohen (director) sold 2,250 shares at 40.00 per share price.On Nov 10, 2016, Michael Kagan (CTO & VP of Architecture) sold 2,000 shares at 45.26 per share price.On Nov 3, 2016, Yakov (jacob) Shulman (Chief Financial Officer) sold 2,782 shares at 43.28 per share price.
Mellanox Technologies Ltd. Last issued its quarterly earnings results on Feb 1, 2017. The company reported $0.82 EPS for the quarter, missing the analyst consensus estimate by $ -0.04. Analyst had a consensus of $0.86. The company had revenue of $221.70 million for the quarter, compared to analysts expectations of $225.04 million. The companys revenue was up 25.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.77 EPS.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Mellanox Technologies Ltd. was Downgraded by Jefferies to Underperform on Nov 21, 2016.
MELLANOX TECHNOLOGIES is a leading supplier of semiconductor-based, interconnect products to world-class server, storage, and infrastructure OEMs servicing Fortune 500 data centers, the worlds most powerful supercomputers, and mission critical embedded applications. The companys Virtual Protocol Interconnect enables standard communication protocols to operate over any converged network (InfiniBand, Ethernet, Data Center Ethernet) with the same software solution. Utilizing proven networking, clustering, storage, virtualization and RDMA acceleration engines, VPI optimizes application performance, power consumption, workload agility, and total system efficiency while future-proofing IT infrastructure.