Hardware maker Mellanox Technologies continued to defy expectations in Q2, smashing analyst targets on both the top and bottom lines.
Ethernet equipment continues to be a major growth driver for Mellanox, advancing revenues by 81% y/y.
After boosting guidance targets last quarter, Mellanox continued to adjust its guidance ranges upward.
Shares rose ~2% on the news.
Call it something of a streak. Mellanox Technologies (MLNX), the vendor of networking hardware for Ethernet connectivity and other solutions, has continued to accelerate past Wall Street estimates for yet another quarter. The