Mellanox (MLNX -1.4%) is adding to its recent losses after UBS starts coverage at Neutral,...

|About: Mellanox Technologies, Ltd. (MLNX)|By:, SA News Editor

Mellanox (MLNX -1.4%) is adding to its recent losses after UBS starts coverage at Neutral, arguing strong fundamentals are offset by a full valuation. At 16x FY13E EPS, Mellanox isn't exactly a value play, but is nowhere as richly priced as it was a couple months ago, before shares were clobbered thanks to soft Q4 guidance and fears of competition from Intel.