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Mellanox (MLNX) guides on its Q4 call for Q1 revenue of $78M-$83M, far below a consensus of...

Mellanox (MLNX) guides on its Q4 call for Q1 revenue of $78M-$83M, far below a consensus of $129.5M. Shares are halted, expect a big drop when they resume trading. Update (6:00 PM) : Shares have resumed trading, and are down 25% AH to $38.75.

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Comments (1)
  • AllenKlee
    , contributor
    Comments (4) | Send Message
     
    Key question on stock is whether the Q1 shortfall in guidance can be explained by customer having a $30 million inventory build that will be mostly worked off during that quarter. If that is true, then this should be viewed as a "1x" event. Some investors may consider this a "show me" story until management can prove otherwise; likely when report next quarter.
    23 Jan 2013, 07:02 PM Reply Like
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