Loop Capital analyst James Kisner noted that Mellanox's Q1 results were "even better than what was implied by preannouncement guidance," and that the company's Q2 and FY18 guidance were also above consensus estimates. Kisner believes Mellanox is likely to benefit from the adoption of its high-speed Ethernet network interface cards and switches by hyperscale Internet/Web 2.0 companies, and called the involvement of activist investor Starboard a positive catalyst for the company. The analyst reiterated a Buy rating and $100 price target on Mellanox shares.