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Mellanox Technologies (MLNX) Surges: Stock Adds 18.1% in Session

Zacks Equity Research

Mellanox Technologies, Ltd. (MLNX) was a big mover last session, as the company saw its shares rise more than 18% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $34.00 to $39.68 over the past one-month time frame.

None of the estimates for this semiconductor industry stock were revised over the past 7 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Mellanox Technologies carries a Zacks Rank #3 (Hold), while its Earnings ESP negative.

However, some better-ranked stocks in the same sector include FormFactor Inc. (FORM), OmniVision Technologies, Inc. (OVTI) and Semiconductor Manufacturing International Corp. (SMI). All these stocks sport a Zacks Rank #1 (Strong Buy).

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MELLANOX TECH LTD ORD (MLNX): Free Stock Analysis Report

OMNIVISION TECH INC (OVTI): Free Stock Analysis Report

FORMFACTOR INC (FORM): Free Stock Analysis Report

SEMICONDUCTOR MFG INTL CORP (SMI): Free Stock Analysis Report


Zacks Investment Research