|Bid||0.00 x 800|
|Ask||0.00 x 1400|
|Day's range||124.83 - 124.95|
|52-week range||96.18 - 124.95|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||27.18|
|Earnings date||22 Jul 2020 - 27 Jul 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||132.50|
Long gone are the days of NVIDIA (NASDAQ: NVDA) the "video game company." In the graphics processing unit (GPU) pioneer's first quarter of fiscal 2021 (the three months ended April 26, 2020), another segment was nearly as large as video games: data centers. With the long-awaited purchase of Mellanox closing on the first day of Q2, data centers could wind up being the largest reporting segment at NVIDIA from this point forward.
NVIDIA (NASDAQ: NVDA) reported robust fiscal first-quarter 2021 results after the market close on Thursday, May 21. The graphics processing unit (GPU) specialist's revenue jumped 39% year over year to $3.
Nvidia today announced its plans to acquire Cumulus Networks, an open-source-centric company that specializes in helping enterprises optimize their data center networking stack. With Cumulus Express, the company also offers a hardware solution in the form of its own data center switch.
Mellanox® Technologies, Ltd. (NASDAQ: MLNX), a leading supplier of high-performance, end-to-end interconnect solutions for data center servers and storage systems, today announced preliminary financial results for its first quarter 2020.
Mellanox shares rose nearly 2% in afternoon trading, while Nvidia jumped about 4%. Many acquisitions between U.S. and international companies with significant operations in China have faced challenges in securing approval from the country's regulator due to a bitter trade war between the two largest economies of the world that started in January, 2018. Two years ago, U.S. chipmaker Qualcomm Inc had to walk away from a $44 billion deal to buy NXP Semiconductors after failing to secure Chinese regulatory approval.
Mellanox® Technologies, Ltd. (NASDAQ: MLNX), a leading supplier of high-performance, end-to-end interconnect solutions for data center servers and storage systems, today announced that it will issue its financial results via press release for the first quarter 2020 after the market closes on Thursday, April 23, 2020. As announced on March 11, 2019, NVIDIA Corporation intends to acquire all the issued and outstanding common shares of Mellanox for $125 per share in cash. Due to the pending acquisition, Mellanox will not hold an earnings conference call and has suspended the practice of providing forward-looking guidance.