Mellanox Upgraded To Buy On Product Catalysts

By | December 9, 2013

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Mellanox Technologies (MLNX) was upgraded Monday to buy from hold by Maxim Group on what analyst Ashok Kumar called upbeat “product cycle catalysts” in 2014. Mellanox stock was a highflyer in 2012 until late that year. Its year-over-year EPS and revenue have fallen the past three quarters following torrid growth. Mellanox stock was flat in afternoon trading in the stock market today, near 39. Mellanox stock peaked above 120 in August 2012. It’s Scalper1 News

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