Mellanox, Skyworks, eBay: Tech Premarket

NEW YORK (TheStreet) -- Mellanox (MLNX) was the biggest winner in premarket trading on Thursday following the company's record second-quarter results, released after market close on Wednesday.

Shares of the server and storage component specialist exploded following the record top-line and bottom-line numbers. The company's shares were up 45.66% to $96.69 on Thursday.

"Mellanox surpassed the $100 million quarterly revenue milestone, generating over $133 million of revenue," noted Mellanox CEO Eyal Waldman, in a statement. Excluding items, Mellanox also brought in record earnings of 99 cents a share.

Semiconductor specialist Skyworks (SWKS) was also a winner in premarket trading on Thursday as investors responded to the Apple (AAPL) partner's strong third-quarter results.

Skyworks comfortably beat Wall Street's top-line and bottom-line estimates, and also offered healthy third-quarter guidance. Investors welcomed the numbers, pushing the company's shares up 6.98% to $28.50 before market open.

"Skyworks outperformed our addressable markets last quarter and the stage is set for a strong back half of 2012," explained David Aldrich, the Skyworks CEO, in a statement released after market close on Wednesday.

Online retail giant eBay (EBAY) was another significant gainer, climbing 6.52% to $43.10 after announcing strong second-quarter earnings late on Wednesday.

eBay saw exceptional growth in its payments division, PayPal, and also added $2 billion to its share buyback program.

Qualcomm (QCOM) climbed 5.89% to $59.35 despite its third-quarter earnings miss and lowered fourth-quarter guidance, announced after the bell on Wednesday.

IBM (IBM) was a more modest gainer after reporting its second-quarter results on Wednesday.

The tech giant's shares rose 2.52% to $193 after IBM eased past the average analysts' earnings forecast and raised its full-year guidance.

Currency pressures, however, weighed heavily on the Dow component's top line.

Shares of F5 Networks (FFIV) slipped 2.08% to $96.54, despite third-quarter results that saw the networking gear maker shrug off an uncertain spending climate to meet analysts' estimates.

The Cisco (CSCO) and Juniper (JNPR) rival nonetheless acknowledged the cautious spending environment in its fourth-quarter guidance.

--Written by James Rogers in New York.

Follow @jamesjrogers

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