Mellanox Technologies (MLNX) reported first quarter adjusted net income of $0.51 per share after the close Wednesday, compared to $0.24 per share last year. The consensus estimate was for EPS of $0.34.
Mellanox Technologies gapped open dramatically higher Thursday and climbed during the first half hour of trade. The stock extended its gains late in the afternoon and finished up by 22.58 at $65.91 on the highest volume of the year. Mellanox surged to a new high for the year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.