April 25, 2013 at 15:53 PM EDT
Mellanox Tumbles 13%: Two Downgrades; Better Times Ahead?
Shares of server and storage connectivity vendor Mellanox Technologies (MLNX) are down $7.99, or almost 13%, at $53.84, after the company last night reported Q1 revenue and profit that topped consensus, but forecast this quarter’s revenue well below consensus. The shares received two downgrades today, that I can see, from Needham & Co. and Mizuho, [...]
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