Mellanox Technologies, Ltd. Message Board

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Technology Stocks : Mellanox Technologies, Ltd.

MLNX 124.89

0.0%

Apr 27 4:00 PM EDT

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From: Jim Mullens	4/17/2018 10:30:32 AM
	3 Recommendations Recommended By JCnieuwenj PaulAquino The Ox of 954

Mellanox Technologies +2.1% on Q1 beats, upside guidance Apr. 17, 2018 7:54 AM ET\|About: Mellanox Technologies, Ltd. (MLNX)\|By: Brandy Betz, SA News Editor Mellanox Technologies (NASDAQ: MLNX) shares are up 2.1% premarket on Q1 results that beat EPS and revenue estimates. Upside Q2 guidance has revenue from $255M to $265M (consensus: $249.57M) with adjusted gross margin from 68.5% to 69.5% and operating expenses from $119M to $121M. Upside FY18 guidance was raised to revenue of $1.03B to $1.05B (consensus: $1.02B; was: $970M to $990M) with gross margin from 68% to 69% and operating margin from 21% to 22%. Key metrics: Non-GAAP gross margin, 69% (-2.7 percentage points Y/Y); operating margin, 20.8% (+12.5 pts); cash from operating activities, $55.4M (+$20.4M); cash and equivalents, $286.3M (+$12.5M). Earnings call is scheduled for 8:30 AM Eastern with a webcast available here. Press release Previously: Mellanox Technologies beats by $0.15, beats on revenue (April 17) https://seekingalpha.com/news/3346052-mellanox-technologies-plus-2_1-percent-q1-beats-upside-guidance?uprof=46#email_link

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