Friday, October 12, 2012 9:09:12 PM
Read More At IBD: http://news.investors.com/business-the-new-america/101212-629135-mlnx-rides-big-data-web-2-0-cloud-computing.htm#ixzz298YB6Q2c
Analysts say business fundamentals are still strong and expect another good quarter.
"The story remains intact," said ThinkEquity analyst Rajesh Ghai, who says the firm is seeing new demand from companies involved in storage and Web 2.0 markets.
Upside Surprise
But since analysts have raised estimates to reflect Mellanox's outsize performance, the likelihood of a big upside surprise is less likely this time.
"High expectations are already baked into analysts' estimates, so it reduces the potential for a massive surprise," said Wunderlich Securities analyst Brian Freed.
"It's still a rockin' business," he added.
But the raised bar puts more pressure on Mellanox to deliver — or overdeliver.
"They have to meet or exceed consensus estimates or the stock is going to get crushed," Freed said.
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