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Technology Stocks : Mellanox Technologies, Ltd.

MLNX 124.89

0.0%

Apr 27 4:00 PM EDT

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JCnieuwenj

The Ox

From: Jim Mullens	2/21/2018 4:57:44 PM
	2 Recommendations Read Replies (1) of 954

Mellanox Tech +7.9% after Q1 update, CFO transition, new board member Feb. 21, 2018 4:45 PM ET\|About: Mellanox Technologies, Ltd. (MLNX)\|By: Brandy Betz, SA News Editor Mellanox Tech (NASDAQ: MLNX) updates its Q1 guidance to revenue of $240M to $250M (consensus: $227M). Non-GAAP gross margins expected from 68.5% to 69.5%, operating expenses from $120M to $122M, and share based compensation expenses from $16.3M to $16.8M. CFO transition: Jacob Shulman accepted an exec position at a pre-IPO company and will step down effective May 4. Company is currently searching for a replacement. Board member: Mellanox appoints Microchip Technology CEO Steve Sanghi to the board effective immediately. Mellanox shares are up 7.9% aftermarket. seekingalpha.com

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