Chipmakers Cree, Mellanox Technologies Advance Post-Earnings

▤ Summary

Mellanox jumped 6.6%, near 93.30, on Thursday after crushing Wall Streets estimates for the fourth quarter late Wednesday. Oppenheimer analyst Colin Rusch maintained his outperform rating on Cree stock and upped his price target to 59 from 53. Based in Yokneam, Israel, Mellanox makes high-speed, end-to-end smart interconnect systems for data center servers and storage networks. It supplies Ethernet and InfiniBand systems to markets such as enterprise data centers, internet cloud computing, network security, telecom and financial services. Susquehanna Financial Group analyst Christopher Rolland reiterated his positive rating on Mellanox stock and raised his price target to 105 from 95.

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Mellanox Technologies

$1M to $5M