Last $42.47 USD
Change Today +0.32 / 0.76%
Volume 456.3K
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mellanox technologies ltd (MLNX) Snapshot

Open
$42.00
Previous Close
$42.15
Day High
$42.91
Day Low
$42.00
52 Week High
01/16/14 - $46.04
52 Week Low
06/3/14 - $30.58
Market Cap
1.9B
Average Volume 10 Days
609.8K
EPS TTM
$-0.69
Shares Outstanding
45.0M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
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Current Stock Chart for MELLANOX TECHNOLOGIES LTD (MLNX)

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mellanox technologies ltd (MLNX) Details

Mellanox Technologies, Ltd., a fabless semiconductor company, designs, manufactures, and sells interconnect products and solutions. The company’s products are used for computing, storage, and communications applications in the high-performance computing, Web 2.0, storage, financial services, enterprise data center, and cloud markets. Its products facilitate data transmission between servers, storage systems, communications infrastructure equipment, and other embedded systems. The company provides solutions based on InfiniBand, including switch and gateway integrated circuits (ICs), adapter cards, cables, modules, and software, as well as switch, gateway, and long-haul systems. It also provides 10/40/56Gb/s Ethernet solution for use in EDC, HPC, embedded environments, and hyperscale Web 2.0 and cloud data centers. In addition, the company offers adapters to server, storage, communications infrastructure, and embedded systems original equipment manufacturers (OEMs) as ICs or standard card form factors with PCI express interfaces; and switch ICs to server, storage, communications infrastructure, and embedded systems OEMs to create switching equipment. Further, it supports server operating systems, including Linux, Windows, AIX, HPUX, Solaris, and VxWorks. Mellanox Technologies, Ltd. markets its products under the Mellanox, BridgeX, ConnectX, CORE-Direct, InfiniBridge, InfiniHost, InfiniScale, PhyX, SwitchX, Virtual Protocol Interconnect, MLNX-OS, UFM, and Voltaire trademarks. The company sells its products through its direct sales force, a network of sales representatives, and independent distributors worldwide. Mellanox Technologies, Ltd. was incorporated in 1999 and is headquartered in Yokneam, Israel.

mellanox technologies ltd (MLNX) Top Compensated Officers

Co-Founder, Chief Executive Officer, Presiden...
Total Annual Compensation: $526.0K
Co-Founder and Chief Operating Officer
Total Annual Compensation: $268.1K
Co-Founder and Senior Vice President of Engin...
Total Annual Compensation: $248.6K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $280.0K
Senior Vice President of Worldwide Sales
Total Annual Compensation: $315.5K
Compensation as of Fiscal Year 2013.

mellanox technologies ltd (MLNX) Key Developments

Mellanox and ProLabs Sign Supply Agreement

Mellanox Technologies and ProLabs jointly announced that ProLabs has been appointed to supply Mellanox's comprehensive LinkX(TM) product portfolio of 10/40/56Gb/s InfiniBand and Ethernet QSFP+ and SFP+ cables and modules in the EMEA region and the United States. To ensure that every LinkX cable or transceiver works the first time and every time, Mellanox subjects its products to a full system test in a stressed environment. All LinkX interconnect products endure full system testing to Bit Error Rate (BER) 10-15 in order to maximize overall data centre performance. BER 10-15 provides 1,000X fewer transmission errors than many competing products. Fewer transmission errors translate to higher system performance and more revenue generating traffic. Product Advantages: Mellanox/ProLabs aim to provide clear advantages with the following: a low bit error rate (BER) better than 10-15; 100% production tested cables; expanded range of cables and transceivers up to 56Gb/s products (a 40% improvement over more orthodox 40Gb/s solutions); Direct Attach Cables (DACs) with colored jackets and colored pull tabs to reduce the chance of error in connecting server, switch and routing ports, shortens cluster installation time, and simplifies interconnect debugging and network management.

Mellanox Technologies, Ltd. Presents at Oppenheimer 17th Annual Technology, Internet & Communications Conference, Aug-12-2014 03:05 PM

Mellanox Technologies, Ltd. Presents at Oppenheimer 17th Annual Technology, Internet & Communications Conference, Aug-12-2014 03:05 PM. Venue: Four Seasons Hotel, 200 Boylston Street, Boston, MA 02116, United States. Speakers: Jacob Shulman, Chief Financial Officer, Principal Accounting Officer and Corporate Controller.

Mellanox Technologies, Ltd. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter of 2014, Revenue Guidance for the Second Half of 2014 and Full Year of 2015 and Tax Rate Guidance for the Full Year of 2014

Mellanox Technologies, Ltd. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported loss from operations of $9,408,000, loss before taxes of $9,051,000, net loss of $8,975,000 or $0.20 diluted loss per share on total revenues of $102,574,000 against income from operations of $287,000, income before taxes of $519,000, net loss of $1,739,000 or $0.04 diluted loss per share on total revenues of $98,168,000 for the same period a year ago. Non-GAAP net income was $6,813,000, income from operations was $6,380,000 against non-GAAP net income of $13,768,000, income from operations of $15,794,000 for the same period a year ago. Non-GAAP diluted income per share was $0.15 against $0.30 for the same period a year ago. Non-GAAP income before tax was $6.7 million, or 6.6% of revenues. The non-GAAP tax rate for the second quarter was 1.1%. During the quarter, the company generated $7.2 million in cash from operating activities compared to $10.5 million of cash provided by the operating activities in the first quarter of 2014. Net cash used in investing activities during the second quarter was $11.4 million, and consisted of new purchases of short-term investments of $6.8 million and purchases of property and equipment and lease-hold improvements of $4.5 million. For the six months, the company reported loss from operations of $20,353,000, loss before taxes of $19,762,000, net loss of $20,340,000 or $0.46 diluted loss per share on total revenues of $201,279,000 against loss from operations of $7,629,000, loss before taxes of $7,184,000, net loss of $10,196,000 or $0.24 diluted loss per share on total revenues of $181,248,000 for the same period a year ago. Non-GAAP net income was $11,283,000, income from operations was $11,270,000 against non-GAAP net income was $18,082,000 and income from operations was $20,649,000 for the same period a year ago. Non-GAAP diluted income per share was $0.24 against $0.40 for the same period a year ago. Net cash provided by operating activities was $17,832,000 against $4,855,000 for the same period a year ago. Purchase of property and equipment was $10,265,000 against $18,949,000 for the same period a year ago. The company provides earnings guidance for the third quarter of 2014. For the quarter revenues expected to be in the range of $114 million to $118 million and non-GAAP gross margins expected to be in the range of 68% to 69%. For the second half of fiscal 2014 the company expected its revenue to continue to grow, following the launch of the new CPU platform and as many of partners program beginning to ramp. The company still expected high single-digit tax rate for the year 2014. The company also reported that it is making progress with cable technology, which it believe will lead into significant revenue in 2015 and beyond.

 

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