Starboard to nominate nine candidates to Mellanox board
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Mellanox Technologies (MLNX) Tops Q4 EPS by 14c, Beats on Revenues; Offers 1Q18 Revenue Outlook Below Guidance, FY18 Revenue Mid-Point Outlook Above Consensus
January 18, 2018 4:08 PM ESTMellanox Technologies (NASDAQ: MLNX) reported Q4 EPS of $0.82, $0.14 better than the analyst estimate of $0.68. Revenue for the quarter came in at $238 million versus the consensus estimate of $235.47 million.
First Quarter 2018 Outlook
We currently project:
Quarterly revenues of $222 million to $232 million
Non-GAAP gross margins of 68.5... More
Mellanox (MLNX) Confirms Receipt of Director Nominations from Starboard; Says Board is Confident in Company's Strategy
January 18, 2018 6:20 AM ESTMellanox Technologies, Ltd. (NASDAQ: MLNX), a leading supplier of high-performance, end-to-end smart interconnect solutions for data center servers and storage systems, today confirmed that affiliates of Starboard Value have nominated nine director candidates to stand for election to the Board of Directors at Mellanoxs 2018 Annual General Meeting of Shareholders. The Company issued the following statement:
We maintain an open dialogue with our shareholders and welcome constructive input toward our shared goal of enhancing shareholder value. Members of our Board of Directors and senior management team have held numerous discussions and... More
