Last $41.80 USD
Change Today +4.22 / 11.25%
Volume 1.7M
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mellanox technologies ltd (MLNX) Snapshot

Open
$40.01
Previous Close
$37.57
Day High
$42.42
Day Low
$39.71
52 Week High
07/25/13 - $48.81
52 Week Low
06/3/14 - $30.58
Market Cap
1.9B
Average Volume 10 Days
929.9K
EPS TTM
$-0.68
Shares Outstanding
44.5M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
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.

1,403 Employees
Last Reported Date: 02/28/14
Founded in 1999

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 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

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 was $13,768,000, income from operations was $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. 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, 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. Quarterly revenues of $114 million to $118 million. Non-GAAP gross margins of 68% to 69%.

Mellanox Technologies, Ltd. Announces Availability of Direct Attach Cables with Colored Jackets and Colored Pull Tabs

Mellanox Technologies, Ltd. announced the general availability of Direct Attach Cables (DACs) with colored jackets and colored pull tabs, supporting interconnect speeds of 10, 40 and 56Gb/s for both Ethernet and InfiniBand data center networks. The new colored version reduces the chance of error in connecting server, switch and routing ports, shortens cluster installation time, and simplifies interconnect debugging and network management. 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. Network engineers save time by eliminating the tedious debugging time needed for new installations with untested products. With LinkX products, installation experts can bring up new clusters quickly, without worrying about interconnect problems or failures. All LinkX interconnect products endure full system testing to Bit Error Rate (BER) 10(-15) in order to maximize overall data center 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.

Mellanox Technologies, Ltd. Promotes Chris Shea to Vice President of Business Development

Mellanox Technologies, Ltd. announced the promotion of Chris Shea to vice president of business development. Mr. Shea will continue to report to Amir Prescher, Mellanox's senior vice president of business development. Chris Shea joined Mellanox in October 2009, focusing on developing business relationships with strategic customers in the Web 2.0 and cloud markets. Mr. Shea brings over 20 years of experience in the technology industry with an extensive background in sales, marketing, analytical and international roles.

 

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