NEW YORK ( TheStreet) -- PCTEL ( PCTI), FSI International ( FSII), Mellanox Technologies ( MLNX) and Silicon Graphics International ( SGI) are among a few technology stocks that received analysts' heft buy ratings last quarter. Moreover, these stocks have no sell ratings, or potential upsides, according to analysts' 12-month price targets.Below, the stocks are stacked in terms of upsides, great to greatest.
10. Mellanox Technologies ( MLNX) is a supplier of semiconductor-based, high-performance connectivity products that facilitate data transmission between servers, communication infrastructure equipment and storage systems. The company provides interconnect products based on integrated circuits (ICs). Net revenue for the first quarter of 2011 was reported at $55.1 million compared to $36.2 million in the year-ago quarter, driven by higher switch system revenues associated with the Voltaire acquisition. The company expects its switch system revenues to continue to increase as it provides more end-to-end solutions. Non-GAAP net income was $9.2 million, or 24 cents per share, compared with $10.4 million, or 29 cents per share, in the first quarter of 2010. On the balance sheet front, cash and cash equivalents stood at $54.5 million, up 4.9% year-over-year as operating cash flow increased 68.3% to $13.6 million. During the quarter, the company closed the acquisition of Voltaire Ltd. for $214 million. Moreover, the company recently announced that Toronto-based CNSX Markets Inc. has purchased its Vantage 6024 24-port 10GbE switches to accelerate market data distribution. Going forward, Mellanox expects second quarter 2011 revenue to range from $61.5 million to $62 million. Of the five analysts covering the stock, 60% recommend a buy, while the remaining rate a hold. There are no sell ratings on the stock. The stock had 29% buy ratings in the last quarter. On average, analysts estimate 8.9% upside to $33 in value from current levels.