UPDATE: Stifel Reiterates on Mellanox Technologies Ltd. on Results/Guidance Miss, Position for Accelerated Growth
October 24, 2013 at 09:22 AM EDT
In a report published Thursday, Stifel analyst Kevin Cassidy reiterated a Buy rating on Mellanox Technologies Ltd. (NASDAQ: MLNX ), but lowered the price target from $63.00 to $55.00. In the report, Stifel noted, “Mellanox' results and guidance missed our below-consensus estimates. While this is clearly a disappointment, we believe
