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DEADLINE ALERT: Rigrodsky & Long, P.A. Reminds Shareholders of Mellanox Technologies, Ltd. of Upcomi

By Business Wirevia The Motley Fool

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DEADLINE ALERT: Rigrodsky & Long, P.A. Reminds Shareholders of Mellanox Technologies, Ltd. of Upcoming Deadline

WILMINGTON, Del.–(BUSINESS WIRE)– Rigrodsky & Long, P.A.:

  • Do you, or did you, own shares in Mellanox Technologies, Ltd. (NASDAQ GS: MLNX )?
  • Did you purchase your shares prior to April 19, 2012, or between April 19, 2012 and January 2, 2013, inclusive?
  • Did you lose money in your investment in Mellanox Technologies, Ltd.?
  • Do you want to discuss your rights?

Rigrodsky & Long, P.A. reminds shareholders of Mellanox Technologies, Ltd. (“Mellanox” or the “Company”) (NASDAQ GS: MLNX) of an upcoming deadline involving a securities fraud class action lawsuit commenced against the Company.

A complaint was filed in the United States District Court for the Southern District of New York on behalf of all persons or entities that purchased the common stock of Mellanox between April 19, 2012 and January 2, 2013, inclusive (the “Class Period“), alleging violations of the Securities Exchange Act of 1934 against the Company and certain of its officers (the “Complaint”). If you wish to serve as lead plaintiff, you must move the Court no later than April 8, 2013.

If you purchased shares of Mellanox during the Class Period, or purchased shares prior to the Class Period and still hold Mellanox, and wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact Timothy J. MacFall, Esquire or Peter Allocco of Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, NY at (888) 969-4242, by e-mail to info@rigrodskylong.com, or at: http://www.rigrodskylong.com/investigations/mellanox-technologies-ltd-mlnx.

A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members, and that …read more
Source: FULL ARTICLE at DailyFinance

Mellanox Technologies Stumbles In The Fourth Quarter

By Zacks.com, Contributor Mellanox Technologies (MLNX) delivered mixed fourth quarter results on January 23. Revenue was mostly in line with expectations, but earnings per share fell well short of the Zacks Consensus Estimate. The company’s first quarter revenue guidance was also significantly below consensus, prompting a flurry of negative estimate revisions from analysts. It is a Zacks Rank #5 (Strong Sell). Mellanox supplies end-to-end InfiniBand and Ethernet interconnect solutions and services for servers and storage. Fourth quarter revenues surged 68% to $122 million, ahead of the consensus of $120 million. However, the gross profit margin declined 50 basis points quarter-over-quarter to 70.0%. Earnings per share came in at 47 cents, missing the Zacks Consensus Estimate of 55 cents. Special Offer: We asked some of the most successful investors in the country to name their #1 pick for 2013. Get details on their top 10 stocks in this free report, Forbes Top Stocks for 2013…10 to Buy Now. On the conference call, management provided weak first quarter revenue guidance, and analysts unanimously cut their estimates for both 2013 and 2014. The 2013 Zacks Consensus Estimate is now $1.43, down from $3.27 before the report. And the 2014 consensus slid from $4.39 to $2.35. It is a Zacks Rank #5 (Strong Sell). In addition to negative earnings momentum, shares look pricey too. Mellanox now trades at a frothy 36x 12-month forward earnings, well ahead of the industry median of 23x. The stock also carries a long-term ‘Underperform’ Zacks Recommendation. MLNX data by YCharts Todd Bunton is the growth & income stock strategist for Zacks Investment Research and editor of the Income Plus Investor service.
Source: FULL ARTICLE at Forbes Latest