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A statement released earlier today by Stifel about Mellanox Tech (NASDAQ:MLNX) bumps the target price to $70.00

Having a price of $46.75, Mellanox Tech (NASDAQ:MLNX) traded 1.10% higher on the day. With the last close up -0.71% from the two hundred day average, compared with the Standard & Poor's 500 Index which has maintained over the same period. MLNX has recorded a 50-day average of $46.11 and a two hundred day average of $46.13. Trade Volume was up over the average, with 838,106 shares of MLNX changing hands over the typical 341,726

Stifel bumped up the target of Mellanox Tech (NASDAQ:MLNX) to $70.00 reporting a potential upside of 0.50%.

Recent Performance Chart

Mellanox Tech (NASDAQ:MLNX)

Mellanox Tech has PE ratio of 6,542.86 with a one year low of $38.75 and a one year high of $52.79 and has a market capitalization of $0.

A total of 12 analysts have released a report on Mellanox Tech. Three analysts rating the company a strong buy, six analysts rating the company a buy, three analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $63.00.

General Company Details For Mellanox Tech (NASDAQ:MLNX)

Mellanox Technologies, Ltd. is a fabless semiconductor company. The Company is an integrated supplier of interconnect products and solutions based on the InfiniBand and Ethernet standards. The Company operates in the development, manufacturing, marketing and sales of interconnect products segment. Its products facilitate data transmission between servers, storage systems, communications infrastructure equipment and other embedded systems. It operates its business globally and offers products to customers at various levels of integration. The products it offers include integrated circuits (ICs), adapter cards, switch systems, multi-core and network processors, cables, modules, software, services and accessories. Together these products form a networking solution, focused on computing, storage and communication applications used in multiple markets, including high-performance computing (HPC), cloud, Web 2.0, storage, financial services, and enterprise data center (EDC).

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