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Mellanox Technologies Ltd. (MLNX) Has Risen To A New High On Q4 Results

Mellanox Technologies Ltd. (MLNX) reported fourth quarter non-GAAP EPS of $0.82 after the bell Thursday, which topped the consensus estimate of $0.68.

Mellanox Technologies has gapped open higher Friday morning and is now up 2.40 at $67.50. The stock has broken out of a 1-month trading range and has set a new high for the year.

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