Ashraf Eassa
Long/short equity, contrarian, independent research, tech

Mellanox Has Likely Bottomed, At Least 30% Upside During 2014

Mellanox Technologies (NASDAQ:MLNX) is a leading developer of high speed data-center interconnect solutions used in a variety of applications such as high performance computing, storage, and communications infrastructure. It is my belief that the business (and by extension the share price) is likely at or near a cyclical bottom and that it should benefit immensely from the rollout of Intel's (NASDAQ:INTC) new server platforms during 2014. I also believe that the company's growth opportunities outside of the HPC space (which has historically been the key driver for Mellanox's InfiniBand sales) should drive upside to current 2014 revenue/EPS consensus.

The Mellanox 'Tragedy'

Investors will likely remember that Mellanox was once a Wall Street darling, having nearly tripled...

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