Check Your Tech Radar
While tech traders focus on action in Intel (INTC) and IBM (IBM) Wednesday, following after-hours losses Tuesday on earnings reports, a number of under-the-radar small-cap names could potentially make earnings-related moves this week.
After the close Wednesday, Israel-based chipmaker Mellanox Technologies (MLNX) reports its first quarter, with analysts expecting income of $0.34 a share on revenue of $81.6 million, a year-over-year increase of 42% on the bottom line and 48% on the top line. The company, which designs chips for storage, database, data transmission and other applications, was upgraded Tuesday to Outperform from Sector Perform at Pacific Crest. The analyst cited increasing adoption of high-performance computing, or HPC, an area where Mellanox is active. HPC has a number of uses in industry, as well as scientific research....433 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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