Mellanox Technologies, Ltd.NASDAQ
Mellanox Is Taking Some Hits, But The Pessimism Seems Overdone
Stephen Simpson, CFA
Stephen Simpson, CFA
Ongoing Execution Will Be Mellanox's Best Argument Against The Bears
Stephen Simpson, CFA
Stephen Simpson, CFA
Fri, Oct. 14, 4:47 AM
- Tech giants including AMD, Dell/EMC, Google (GOOG, GOOGL), HPE, IBM, Mellanox (NASDAQ:MLNX), Micron (NASDAQ:MU), Nvidia (NASDAQ:NVDA) and Xilinx (NASDAQ:XLNX) have linked up to give Intel (NASDAQ:INTC) a good kick in the datacenters.
- The group has come up with an open specification, dubbed OpenCAPI, that can boost server performance by up to 10x.
- Effectively they are moving away from PCIe, the current industry standard, to something that is both more open and vastly more powerful.
Thu, Jul. 21, 3:00 PM
Wed, Jul. 20, 4:07 PM
Tue, Jul. 19, 5:35 PM
Wed, Jul. 6, 5:39 PM
Mon, Jun. 20, 10:04 AM
- Oracle ORCL has partnered with Mellanox MLNX to drive interoperability between products and jointly develop further industry standards for InfiniBand, a high speed Cloud networking technology.
- Enhanced Data Rate 100G InfiniBand products are architecture specification release 1.3 and allow customers to deploy a 100 Gb/s fabric, compatible with the previous generations of InfiniBand-based systems (FDR, QDR, DDR, and SDR), enabling customers to protect their investments in InfiniBand-enabled applications.
- The products enabled with Infiniband provides extreme bandwidth, ultra-low latency for fast, agile, and secure cloud infrastructure, based upon industry standards and available from multiple vendors.
Mon, Jun. 20, 8:55 AM
- Mellanox Technologies MLNX collaborates with Pacific Northwest National Laboratory to architect, design and explore technologies for future Exascale platforms.
- The agreement will explore Mallanox's advanced capabilities of interconnect technology, focus on a new generation of in-network computing architecture and the laboratory application requirements. This will create software and hardware synergies for next generation high performance computing.
- "Our collaboration with PNNL will result in enabling an Exascale-grade system and provide the most efficient platform to enhance research and future product development." said VP of Marketing, Gilad Shainer.
Thu, Apr. 21, 9:21 AM| Thu, Apr. 21, 9:21 AM
Wed, Apr. 20, 5:37 PM
Wed, Apr. 20, 4:19 PM
- Mellanox (NASDAQ:MLNX) posted a fourth straight quarter of record revenue in its Q1 earnings report, following its closed deal for EZchip.
- The Ethernet business nearly doubled, incorporating the effects of EZchip. Revenue overall increased 11.2% sequentially.
- Cash and investments were $261.8M at quarter's end, compared to the prior quarter's $510.5M.
- The company's guiding to Q2 revenues of $210M-$215M (vs. consensus of $216.2M), non-GAAP gross margins of 71-72%, and increase in non-GAAP operating expenses of 8-10%.
- Conference call to come at 5 p.m. ET.
- Now read Ongoing Execution Will Be Mellanox's Best Argument Against The Bears »
Wed, Apr. 20, 4:07 PM
- Mellanox Technologies (NASDAQ:MLNX): Q1 EPS of $0.81 beats by $0.05.
- Revenue of $196.8M (+34.2% Y/Y) beats by $5.15M.
- Shares -0.1%.
Tue, Apr. 19, 5:35 PM| Tue, Apr. 19, 5:35 PM | 16 Comments
Wed, Feb. 24, 7:33 AM
- Mellanox (NASDAQ:MLNX) closed its acquisition of EZchip Semiconductor (NASDAQ:EZCH), a provider of high-performance solutions for data center and carrier networks, yesterday.
- "We believe the technology of the two companies is highly complementary and expect cost synergies as well as potential for revenue synergies over the next several quarters. We believe the uncertainty among investors about both the combined entity opportunity and the demand backdrop for enterprise and internet spending are creating an opportunity in MLNX stock."
- Firm upgrades MLNX to Buy and price-target to $60 from $46 (implied upside 29%).
- Mellanox's projected 2016 EPS increase of 60-70 cents from acquiring EZchip is in-line with expectations. The focus now shifts to executing on sales and operational synergies. (Bloomberg)
Tue, Feb. 23, 9:31 AM
- Mellanox's (NASDAQ:MLNX) $811M ($25.50/share), all-cash, acquisition of network processor developer EZchip (EZCH) is now official. The deal has a $606M enterprise value after accounting for EZchip's cash.
- EZchip has ceased trading on the Nasdaq and Tel-Aviv Stock Exchanges. The closing comes a month after EZchip shareholders approved the deal. Major EZchip shareholder Raging Capital gave its support in early January, after a go-shop period ended without an offer topping Mellanox's.
- At the time the deal was announced, Mellanox, a top player in the high-speed InfiniBand/Ethernet server connectivity hardware market, argued EZchip's processors would help it "deliver complete end-to-end, intelligent 10, 25, 40, 50, and 100Gb/s interconnect and processing solutions for advanced data center and [telecom] edge platforms."
- With EZchip due to be on the books for five weeks in Q1, Mellanox now expects Q1 revenue of $190M-$195M, up from prior guidance of $180M-$185M. Gross margin guidance remains at 71%-72%, and the deal is promised to be accretive from day one.
Wed, Feb. 17, 1:28 PM
- Mellanox (MLNX -1.9%) is off moderately on a day the Nasdaq is up 2.2%. The decline comes after Jefferies James Kisner (Hold) cut his target by $3 to $42, while raising concerns about the impact of Intel's (NASDAQ:INTC) recently-launched Omni-Path high-speed server interconnect fabric.
- After talking with companies that have tested Omni-Path, Kisner thinks the solution poses "significant risks" for Mellanox's core InfiniBand interconnect business. Contacts suggest Omni-Path performs as well as InfiniBand in critical areas, and that Intel plans to be aggressive on pricing.
- The chip giant has previously claimed Omni-Path will enable switches that are cheaper and more power-efficient than comparable InfiniBand switches. Dell, HP, and Lenovo are among the many OEMs planning to offer Omni-Path switches.
- Mellanox rallied last month after posting a Q4 beat and issuing strong Q1 guidance. Shares have easily outperformed the Nasdaq this year.
Tue, Feb. 2, 10:25 AM
- Roth Capital's Brian Alger has launched coverage on Mellanox (MLNX +3.7%) with a Buy rating and $60 target. He praises the company for having an end-to-end line on InfiniBand/Ethernet connectivity offerings, and declares it well-positioned to outpace peers.
- The call comes less than a week after Mellanox rallied in response to a Q4 beat and strong Q1 guidance. Shares are at their highest levels since October, and about $5 removed from a 52-week high of $52.77 (set in June).