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jimmybob

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jimmybob

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Monday, 11/17/2014 8:01:51 AM

Monday, November 17, 2014 8:01:51 AM

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Mellanox wins two of three DOE projects, says Jefferies
Jefferies says Mellanox on Friday won two of the three CORAL projects announced by the Department of Energy, with the third award pending. The firm estimates the revenue opportunity for Mellanox from the two machines announced thus far is between $40M-$80M. Jefferies says the awards were larger than it anticipated. It reiterates a Buy rating on Mellanox with a $60 price target

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