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Fly News Breaks for September 30, 2015
EZCH, MLNX
Sep 30, 2015 | 11:11 EDT
Summit Research analyst Srini Nandury says Mellanox's (MLNX) failure to reiterate its guidance on the last day of the quarter is overshadowing its purchase of EZchip (EZCH). The company failed to reiterate its guidance despite being asked repeatedly by analysts on today's acquisition conference call, Nandury tells investors in a research note. The analyst recommends using today's weakness as a buying opportunity. He continues to believe in the Mellanox Ethernet and Infiniband stories. Nandury has a Buy rating on the name with a $56 price target.
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