Mellanox Continues To Crush Estimates

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About: Mellanox Technologies, Ltd. (MLNX)
by: Gary Alexander
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Gary Alexander
Software, internet, media, IPOs
Summary

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