Mellanox (Nasdaq:MLNX) released fantastic results and the stock popped in after hours trading. Revenues doubled. Q2 net income goes from $2.8 million to $32 million . All this is fantastic. There was a conference call today at 17:00 ET. Tomorrow a conference call in Hebrew will be run at 09:00 Israeli time. Will there be a translated conference call transcript. This gets very tricky.
The big question becomes is this sustainable or just a flash in the pan. If they are sustainable will they be acquired or look for acquisitions. The stock is at the next level and management needs to speak to next level issues.
George Gutowski writes from a caveat emptor perspective.
- AMD’s Revenue Widens Mellanox Discount: Israel Overnight – Bloomberg (bloomberg.com)
- Mellanox Drops Most Since May Following Decline in U.S. Shares – Bloomberg (bloomberg.com)
- Mellanox Shatters Industry Records for Ethernet Switching Performance (sys-con.com)