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News Breaks
December 20, 2012
12:01 EDTMLNX, EZCHMellanox sinks after report details profit warning concerns
Shares of Israeli semiconductor company Mellanox (MLNX) are falling after Israeli newspaper Globes reported that large investors fear that the company may issue a profit warning for the current quarter. Hedge funds and major institutional investors are also concerned that the company's fourth quarter results and its results for the first quarter of next year may miss analysts' expectations. Over the past few weeks, these large investors have sold massive amounts of the company's stock, Globes added. In late morning trading, Mellanox fell $3.90, or 6.15%, to $59.50, while EZchip (EZCH), another Israeli semiconductor company, gave back $2.04, or 5.76%, to 433.39.
News For MLNX;EZCH From The Last 14 Days
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August 13, 2014
14:44 EDTEZCHEZchip price target lowered to $31 from $34 at Feltl
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10:29 EDTEZCHEZchip sees growth margins 82% at FY14 end
10:20 EDTEZCHHigh option volume stocks
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10:14 EDTEZCHEZchip sees Q3 revenue ex-items in $22M range, consensus $22.07M
EZchip (EZCH) will continue to see some level of revenue from Juniper (JNPR) for the remainder of FY14 and beyond. Comments taken from the company's Q2 earnings conference call
09:54 EDTEZCHEZchip says revenues can potentially triple from FY12-FY16
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08:01 EDTEZCHEZchip reports Q2 EPS 36c, consensus 34c
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