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Mellanox Technologies, Ltd. (MLNX) is a fabless semiconductor company.
The firm designs, manufactures, and sells interconnect products and solutions. The companys products are used for computing, storage, and communications applications in the high-performance computing, Web 2.0, storage, financial services, enterprise data center, and cloud markets.
Its products facilitate data transmission between servers, storage systems, communications infrastructure equipment, and other embedded systems. The company offers 40/56/100Gb/s InfiniBand solutions, including switch and gateway integrated circuits (ICs), adapter cards, cables, modules, and software, as well as switch, gateway, and long-haul systems; 10/40/56Gb/s Ethernet solution for use in EDC, HPC, embedded environments, hyperscale Web 2.0, and cloud data centers; and 10/25/40/50/56/100Gb/s Ethernet NICs.
It also provides adapters to server, storage, communications infrastructure, and embedded systems original equipment manufacturers (OEMs) as ICs or standard card form factors with PCI express interfaces; and switch ICs to server, storage, communications infrastructure, and embedded systems OEMs to create switching equipment.
In addition, the company supports server operating systems, including Linux, Windows, AIX, HPUX, Solaris, and VxWorks. Mellanox Technologies, Ltd. markets its products under the Mellanox, BridgeX, Connect-IB, ConnectX, CoolBox, CORE-Direct, GPUDirect, InfiniHost, InfiniScale, Kotura, Mellanox Federal Systems, Mellanox ScalableHPC, Mellanox Technologies Connect. Accelerate. Outperform, MetroX, MLNX-OS, PhyX, SwitchX, TestX, UFM, Virtual Protocol Interconnect, Switch-IB, and Voltaire trademarks.
Shares have formed a bullish "cup and handle" and are attempting to break out of this formation. The $52 level has been a challenge for the shares to overcome but it appears that they should be able to break out this time!
52-Weeks Trading Range: $33.33 - $52.77
Entry Point: $49.70
Stop Loss: $47,20
Target Price: $54.67
MLNX closed at $45
