Mellanox Technologies (MLNX) reported third quarter EPS of $0.25 after the close Wednesday, which beat the consensus estimate of $0.20.
Mellanox Technologies gapped up slightly Thursday and climbed throughout the second half of the morning. Shares advanced further going into the close and finished up by $2.26 at $19.77. The stock rose above a 2 1/2 week range and set a new high for the year.
For comments and feedback: editorial@rttnews.com