Analyst Ratings for Mellanox Technologies Ltd. (MLNX)

Updated: 2017-07-27

Mellanox Technologies Ltd. (NASDAQ:MLNX) was awarded an average rating of Overweight from investment analysts following the stock. Last month, MLNX received an average rating of Overweight.

Of the 14 analysts covering the stock, 5 gave it a buy rating, 1 gave an overweight rating, 7 issued a hold rating, 0 issued an underweight rating, and 1 gave a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has decreased by 3. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.

MLNX was given price targets by several analysts. The maximum price target given was 60, implying a possible profit of 34.08 percent. The most pessimistic price target was 38, which equates to a potential downside of -15.08 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. That number becomes -37.72 percent if we expand the time horizon to include the past 3 months instead of just one. Meanwhile, fiscal year estimates have been revised upwards by 0 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of -21.94 percent in FY estimates.

People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 0 analysts increased their quarterly estimates, while 0 analysts revised their estimates downwards. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 0 analysts decreased their estimates.

Analysts estimate earnings of MLNX to grow at a rate of 313.35 percent. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. People often look for the PEG ratio to be under 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of MLNX is 0.55.

MLNX has a 52-week high of 52.80 and a 52-week low of 38.75. Currently the stock is 15.48 percent higher than its low, and 15.25 percent below the high. MLNX has a price/earnings ratio of 172.12. Investors typically compare the P/E ratio to a company's peers in the industry. The MLNX value stock report compares MLNX to some of its peers using value stock charts. The market cap of MLNX is $2.25 billion. MLNX's next earnings release will be on 0000-00-00, which is days away.