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nlightn

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nlightn

Re: None

Wednesday, 10/22/2014 9:49:39 PM

Wednesday, October 22, 2014 9:49:39 PM

Post# of 365639
$MLNX,...Mellanox guides above consensus

Mellanox (NASDAQ:MLNX) expects Q4 revenue of $133M-$137M, above a $129.3M consensus.

Q3 results beat estimates on the back of strong InfiniBand hardware demand for HPC deployments (boosted by Intel's Grantley Xeon CPU launch), as well as higher Ethernet product sales. Mellanox expects rising shipments of 40G Ethernet adapters (carrying higher ASPs than 10G adapters) to Web/cloud clients to provide a Q4 lift.

Gross margin rose 110 bps Y/Y to 70.2%. GAAP opex rose 13.5% Y/Y to $82.3M. GM is expected to be in a 69%-70% range in Q4.

invest at your own risk, based on your own due diligence, at your own risk tolerance

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