Mellanox Tech +5.2% after Q4 beats, upside revenue guidance
Jan. 18, 2018 4:26 PM ET|About: Mellanox Technologies, Ltd. (MLNX)|By: Brandy Betz, SA News Editor
Mellanox Tech (NASDAQ: MLNX) reports Q4 earnings with EPS and revenue beats.
Q1 guidance: revenue, $222M to $232M (consensus: $219.97M); non-GAAP gross margin, 68.5% to 69.5%; non-GAAP operating expenses, $120M to $122M; share-based compensation expense, $16.3M to $16.8M.
FY18 guidance: revenue, $970M to $990M (consensus: $970.55M); gross margin, 68% to 69%; operating margin, 18% to 19%. These numbers come in-line with the prelim guidance the company released last month, which investor Starboard Value slammed.
Key metrics: Non-GAAP gross margin, 68.8%; operating margin, 16%; cash from operating activities, $66.9M; cash and equivalents, $273.8M.
Earnings call: 5 p.m. Eastern Time with a webcast available here. Could involve mention of Starboard proxy fight, which was absent from the earnings release.
Earnings release
https://seekingalpha.com/news/3323720-mellanox-tech-plus-5_2-percent-q4-beats-upside-revenue-guidance |
