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Fly News Breaks for April 12, 2018
MLNX
Apr 12, 2018 | 05:35 EDT
Barclays analyst Joseph Wolf upgraded Mellanox Technologies to Overweight and raised his price target for the shares to $90 from $72. The analyst believes InfiniBand's fundamentals are stable, 25/50/100G Ethernet is growing, and there is potential incremental upside in switching. Mellanox's operating leverage provides a path to greater than $5.00 in earnings per share, which supports continued upside in the stock, Wolf tells investors in a research note.
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