Tag Archives: mlnx

Mellanox Hikes Revenue Guidance, Edges Up After Swoon

Mellanox Technologies (MLNX) stock recovered some composure Thursday after the fabless chipmaker hiked revenue guidance. Shares dropped Wednesday after the company announced a deal to acquire data center chipmaker EZchip (EZCH) for $811 million. Mellanox stock tumbled as much as 11% early Wednesday before rebounding and closing down 5%. In the stock market today, Mellanox edged up 0.6% to 38, which was still 4% off Tuesday’s close. EZchip stock

Mellanox Hikes Revenue Guidance, Stock Still Slides

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

2 Top Chip Stocks That Funds Are Buying As M&A Heats Up

Investors who track where mutual funds and other big investing firms are putting their money have insight into which stocks will be moving up. Today’s Screen Of The Day is Accelerating Mutual Fund Ownership, spotlighting stocks that mutual funds have been scooping up for the past three quarters. Today’s screen focuses on Mellanox Technologies (MLNX) and Inphi (IPHI), a pair of chip stocks that mutual funds are buying as M&A activity heats up in