Mellanox (MLNX) Stock Collapses Following Horrific Q1 Rev Guidance
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Price: $124.89 --0%
Financial Fact:
Provision for taxes on income: -874K
Today's EPS Names:
CMTL, EQBK, BLK, More
Financial Fact:
Provision for taxes on income: -874K
Today's EPS Names:
CMTL, EQBK, BLK, More
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Shares of Mellanox (MLNX) collapsed in overnight trading after reporting Q4 earnings and Q1 guidance that was well short of Street expectations. Mellanox said they expect Q1 revenues of only $78 million to $83 million. Consensus called for revenue of $130.7 million. Shares of Mellanox are lower by 20 percent.
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