in

Stock to Watch: Mellanox Technologies, Ltd. (NASDAQ: MLNX)

On Tuesday, Mellanox Technologies, Ltd. (NASDAQ: MLNX) negotiated 228,888 shares against it an average volume of 494,387 shares. The stock concluded the recent trade at $81.85 with upbeat trend move of +1.24%. The company has total market value of 4.336B. The company has got a 52-week exceptional price of $90.45 and reached a 52-week lowest of the share price at $42.25. The daily trading range was observed between a day’s low price of $81.00 to a day’s high price of $82.22.

Mellanox® Technologies, Ltd. (MLNX) recently reported financial results for its second quarter 2018 ended June 30, 2018.

Second Quarter 2018 – Highlights

  • Revenue of $268.5M, an raise of 26.7 percent, contrast to $212.0M in the second quarter of 2017.
  • GAAP gross margins of 61.4 percent in the second quarter, contrast to 65.4 percent in the second quarter of 2017.
  • Non-GAAP gross margins of 69.1 percent in the second quarter, contrast to 70.6 percent in the second quarter of 2017.
  • GAAP operating income of $16.6M, contrast to operating loss of $4.4M in the second quarter of 2017.
  • Non-GAAP operating income of $66.2M, or 24.7 percent of revenue, contrast to $26.5M, or 12.5 percent of revenue in the second quarter of 2017.
  • GAAP net income of $16.5M, contrast to net loss of $8.0M in the second quarter of 2017.
  • Non-GAAP net income of $66.6M, contrast to $22.4M in the second quarter of 2017.
  • GAAP net income per diluted share of $0.30 in the second quarter, contrast to net loss per diluted share of $0.16 in the second quarter of 2017.
  • Non-GAAP net income per diluted share of $1.25 in the second quarter, contrast to $0.44 in the second quarter of 2017.
  • $46.7M in cash provided by operating activities, contrast to $6.4M in the second quarter of 2017.
  • Cash and investments totaled $282.6M at June 30, 2018, contrast to $273.8M at December 31, 2017.

First Half 2018 – Highlights

  • Revenue of $519.5M, an raise of 29.7 percent, contrast to $400.6M in the first half of 2017.
  • GAAP operating income of $28.5M, contrast to operating loss of $17.0M in the first half of 2017.
  • Non-GAAP operating income of $118.4M, or 22.8 percent of revenue, contrast to $42.1M, or 10.5 percent of revenue in first half of 2017.
  • GAAP benefit from taxes on income of $26.7M, mainly Because of a reversal of valuation allowance on deferred tax assets.
  • GAAP net income of $54.4M, contrast to net loss of $20.2M in the first half of 2017.
  • Non-GAAP net income of $118.0M, contrast to $37.0M in the first half of 2017.
  • GAAP net income per diluted share of $1.00, contrast to net loss per diluted share of $0.41 in the first half of 2017.
  • Non-GAAP net income per diluted share of $2.23, contrast to $0.73 in the first half of 2017.
  • $102.1M in cash provided by operating activities, contrast to $41.4M in the first half of 2017.

Third Quarter 2018 Outlook

We presently project:

  • Quarterly revenue of $270M to $280M
  • Non-GAAP gross margins of 68.5 percent to 69.5 percent
  • Non-GAAP operating expenses of $122M to $124M
  • Share-based compensation expense of $19.0M to $19.5M
  • Non-GAAP diluted share count of 53.5M to 54.0M

Full Year 2018 Outlook

We presently project:

  • Revenue of $1,065M to $1,085M
  • Non-GAAP gross margins of 68.5 percent to 69.5 percent
  • Non-GAAP operating margin of 23.0 percent to 24.0 percent

In the profitability analysis, net profit margin of the firm was recorded at -2.10% and operating profit margin was calculated at -1.80% while gross profit margin was measured as 64.90%. Beta factor, which measures the riskiness of the security, was registered at 0.47.

Gary Williams

Written by Gary Williams

Gary Williams:- Technology

I am Gary Williams and I’m passionate about business and finance news with over 9 years in the industry starting as a writer working my way up into senior positions. I am the driving force behind newsstoriesworld.com with a vision to broaden the company’s readership throughout 2015. I am an editor and reporter of “Technology” category.

Attention Seeking Stock: Healthcare Services Group, Inc. (NASDAQ: HCSG)