Mellanox Upgrades Outlook Following Record Quarterly Revenues
In June, Mellanox's board settled its differences with activist investor Starboard, which has been aggressively pushing for far-reaching changes since November
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In June, Mellanox's board settled its differences with activist investor Starboard Value LP, which has been aggressively pushing for far-reaching operational and management changes in the company since it has acquired a 10.7% stake in November.
Mellanox has raised its outlook for 2018, forecasting annual revenues of $1.065 billion to $1.085 billion, compared to the previous forecast of $1.05 billion to $1.07 billion.Mellanox is currently trending up in after-hours trading.