Hot Trending Stocks – Microsoft Corporation (NASDAQ:MSFT), Mellanox Technologies, Ltd (NASDAQ:MLNX)
On Monday, Microsoft Corporation (NASDAQ:MSFT), surge 1.39% to $69.41 & Mellanox Technologies, Ltd (NASDAQ:MLNX), unchanged 0.00% to $47.20.
During the last trading session Microsoft Corporation the minimum price at which share is traded was $68.50 and peak price of the day was $69.55. Microsoft is set to introduce a low-cost laptop running a new version of its Windows operating system later recently.
The Surface Laptop is reportedly being lined up as a direct competitor to Chromebooks – cheap, slick laptops running Google’s web-focused desktop operating system.
The device is expected to run Windows 10 S, a new version of Windows 10.
Microsoft is set to unveil the Laptop this afternoon and, though nothing official has been announced, the 18 June date displayed on the screens in WalkingCat’s leaks suggests that will be when it starts shipping to customers. Source: independent
On the other hand, Mellanox Technologies, Ltd (NASDAQ:MLNX), is a fabless semiconductor company. The Company is an integrated supplier of interconnect products and solutions based on the InfiniBand and Ethernet standards. The Company has 49.08M shares outstanding while EPS in next five years is expected to reach 17.27 % while EPS growth in past 5 year was 7.60%. On April 27, 2017, Mellanox® Technologies, Ltd. (MLNX) reported financial results for its first quarter ended March 31, 2017.
“Our first quarter InfiniBand revenues were down year-over-year, influenced by delays in the general availability of next generation x86 CPUs, seasonal trends in high-performance computing, and technology transitions occurring across several end users and OEM customers. We believe InfiniBand has maintained share in HPC, and expect revenues will see sequential growth in the coming quarters driven by current backlog and additional pipeline opportunities,” said Eyal Waldman, president and CEO of Mellanox Technologies. “Our first quarter Ethernet revenues grew across all product families sequentially, driven by the adoption of our 25/50/100 gigabit solutions. We expect 2017 to be a growth year for Mellanox.”
- Revenues of $188.7 million reduced 4.1 percent, contrast to $196.8 million in the first quarter of 2016.
- GAAP gross margins of 65.8 percent in the first quarter, contrast to 64.2 percent in the first quarter of 2016.
- Non-GAAP gross margins of 71.7 percent in the first quarter, contrast to 71.4 percent in the first quarter of 2016.
- GAAP operating loss was $12.6 million, contrast to $3.9 million in the first quarter of 2016.
- Non-GAAP operating income was $15.7 million, or 8.3 percent of revenue, contrast to $41.3 million, or 21.0 percent of revenue in the first quarter of 2016.
- GAAP net loss was $12.2 million, contrast to $7.2 million in the first quarter of 2016.
- Non-GAAP net income was $14.7 million, contrast to $39.3 million in the first quarter of 2016.
- GAAP net loss per diluted share was $0.25 in the first quarter, contrast to $0.15 in the first quarter of 2016.
- Non-GAAP net income per diluted share was $0.29 in the first quarter, contrast to $0.81 in the first quarter of 2016.
- $35.0 million in cash was offered by operating activities, contrast to $48.6 million in the first quarter of 2016.
- Cash and investments totaled $325.2 million at March 31, 2017, contrast to $328.4 million at December 31, 2016.