Scheduled Second Quarter Earnings Announcement for Mellanox Technologies (NASDAQ:MLNX)


Dallas, Texas 07/23/2013 (Financialstrend) – Mellanox Technologies (NASDAQ:MLNX), is scheduled to announce its Q2 earnings on July 24, 2013. Mellanox is a manufacturer of high performance conductors for transfer of data from servers, storage systems and other embedded systems. Its products include switch systems, adapter cards, integrated circuits for the applications used in financial services, data base, high-performance computing etc.

Mellanox also recently, on July 1, 2013 completed the acquisition of IPtronics A/S, a Denmark based company for a cash amount of 47.5 million USD. IPtronics specializes in production of optical component interconnection in digital communications. Mellanox wants to use this optical interconnectivity to give it a competitive edge as a leader in providing end-to-end solutions for interconnection between storage and server. The location of IPtronics will serve as an additional advantage for Mellanox, as it will be its first research and development center in Europe which will also add on to the thought of expanding the customer base in Europe.

The company had also come into news in June relating to probable projects the company had gained from Microsoft and Google, the revenue from which could be anywhere around $150-200 million. This rumor had also boosted the share price to $46.04. It is also said that Mellanox will earn more than $100 million from Microsoft, which plans to expand its low data center for around $700 million. Company has been doing projects for Microsoft since 2012. The earnings will be reflected in the quarter four results. Mellanox has prior to this, also bagged large projects from Google. These earnings will boost the stock of the company which is currently facing hard times in the capital market.

On July 22, 2013, the stock ranged between $48.50 and $54.59, closing at $50.8. The company has 52 week low of $41.75, and a high of $120.05.

Subscribe to get your free report!

* indicates required
*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.