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Fly News Breaks for February 22, 2018
MLNX
Feb 22, 2018 | 07:44 EDT
Stifel analyst Kevin Cassidy raised his Q1 estimates for Mellanox following the company's positive pre-announcement and raised his price target on the shares to $94 accordingly. He believes Mellanox's revenue upside is coming from demand in both 25Gb/s Ethernet NICs and InfiniBand products and expects the demand growth to continue during 2018, he tells investors. Cassidy keeps a Buy rating on Mellanox shares, adding that he sees the appointment of Microchip Chairman and CEO Steve Sanghi to the company's board as "as a very positive addition."
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