Mellanox Technologies Ltd (fka MLNX) (MLNX)

[ciciagt]

They beat for the quarter but guidance for 4th Q not as strong as the street expected.
This selling sure seems way overdone. I didn't have a chance to listen to the cc, but will look for the transcript to post on Seeking Alpha site.

For Q3, the company, which is focused on products that use a technology called Infiniband, reported revenue of $156.5 million and non-GAAP profits of $1.37 a share, well ahead of the Street consensus at $153.1 million and $1.13 a share.

However, on a post-report call with the Street, the company projected revenue for Q4 of $145 million to $150 million, below the Street at $157 million.
http://www.forbes.com/sites/ericsavitz/2012/10/17/mellanox-swoons-q3-tops-estimates-guide-disappoints/?partner=yahootix
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Also sharply lower were shares of Mellanox Technologies Ltd. MLNX -6.45% as they logged a drop of 22% to $77. The company, which produces technology for transfer of data between servers and storage systems, said on an evening conference call that it foresees fourth-quarter sales of $145 million to $150 million. The consensus currently calls for revenue of $156.8 million.

Mellanox said its quarterly revenue forecast puts annual sales at $524 million to $529 million, which misses Wall Street’s projection of $532 million.
http://www.marketwatch.com/story/ebay-american-express-results-due-after-hours-2012-10-17?siteid=yhoof2
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also, from a post the other day:
"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.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=80499437