Benzinga  Apr 13  Comment 
Raymond James lowered the price target for Lennar Corporation (NYSE: LEN) from $86 to $76. Lennar shares closed at $56.75 on Thursday. Benchmark boosted the price target on Mellanox Technologies, Ltd. (NASDAQ: MLNX) from $80 to $90....
MarketWatch  Feb 21  Comment 
Shares of Mellanox Technologies Ltd. rallied in Wednesday's extended session after the computer networking products company raised its quarterly revenue outlook. Mellanox projected fiscal first-quarter revenue of $240 million to $250 million...


Mellanox Technologies (NASDAQ: MLNX) produces and sells integrated circuits that allow servers and other computers to communicate with one another.

Business Overview

Business & Financial Metrics[1]

In 2009, MLNX generated a net income of $12.9 million on $116.0 million in total revenues. This represents a 42.4% decrease in net income on a 7.7% increase in total revenues from 2008, when the company earned $22.4 million on $107.7 million in total revenue.

Business Segments[2]

MLNX has only one reportable business segment that develops, manufactures, markets, and sells the company's inter-connect semiconductor products. Most of the company's revenue comes from Asia.


Key Trends & Forces

Cloud Computing

The rise of cloud computing means that demand for global network services and hardware will grow. This provides MLNX with a larger customer base. On the flip side, an increase in suppliers offering devices similar to Mellanox's means the company faces increased competition.


Mellanox's InfiniBand products compete with offerings from QLogic (QLGC). With regards to Ethernet network technology, Mellanox competes with Intel (INTC) and Broadcom (BRCM).


  1. MLNX 2009 10-K pg. 37  
  2. MLNX 2009 10-K pg. 4  
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