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Mellanox Technologies (MLNX) Has Broken Out To A New High On Q1 Results

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Mellanox Technologies (MLNX: Quote) 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 has gapped open dramatically higher Thursday and is now up 15.15 at $58.48 on above average volume. The stock has broken out to a new high for the year.

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by RTT Staff Writer

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