Mellanox Technologies, Ltd. (NASDAQ: MLNX) Â is down $4.24 (18.48%) at 8:35 AM EST to $18.70 and has already traded 95,265 shares. Â This comes in the middle of the 52-week trading range of $12.90Â to $27.48.Â Mellanox features a market cap of $769.52 million.
This drop comes as a bit of a surprise considering the fact that Mellanox, a fabless semiconductor based out of Israel, announced yesterday record revenue in its fiscal second quarter 2010. Â Nevertheless, stocks have been down throughout this week.
-Michael B. SauterPowered By iWebRSS.com