Analyst Jonathan Kreizman forecasts that Mellanox will report $130 million revenue for the first quarter of 2013, and EPS of $0.79.
Mellanox Technologies Ltd. (Nasdaq:MLNX; TASE:MLNX) will publish its financial statements for the fourth quarter of 2012 on Wednesday, and Clal Finance analyst Jonathan Kreizman today tried to predict the company's guidance for the first quarter of 2013. Mellanox chairman, president and CEO Eyal Waldman will announce the guidance in a conference call following the publication of the financials.
Kreizman says that, in line with the revenue warning for the fourth quarter that Mellanox published, he believes that what began as a temporary weakness for the fourth quarter will continue through the first half of 2013. He reiterates his "Market perform" recommendation, and believes that the company's weakness is due to the macro environment, and does not indicate a change in the differentiation of the company's technology.
Kreizman forecasts that Mellanox will report $130 million revenue for the first quarter of 2013 (compared with the Wall Street consensus of $129.5 million), and earnings per share of $0.79. For 2013 as a whole, he forecasts earnings per share of $3.67 on $580 million revenue.
Published by Globes [online], Israel business news - www.globes-online.com - on January 21, 2013
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