Mellanox Hikes Revenue Guidance, Stock Still Slides

By | October 1, 2015

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Mellanox Technologies (MLNX) hiked its revenue guidance early Thursday, but the stock continued to slide after the company a day earlier announced a deal to acquire data center chipmaker EZchip (EZCH) for $811 million. Investors reacted wildly to Wednesday’s news. Mellanox stock tumbled as much as 11% early Wednesday before rebounding and closing down 5%. EZchip stock rose 14.5% Wednesday. Thursday, Mellanox upped its Q3 revenue guidance to $169 Scalper1 News

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