This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Mellanox, Clearwire, eBay: Tech Premarket

NEW YORK ( TheStreet) - Mellanox (MLNX - Get Report) was a big loser in premarket trading on Thursday, tumbling 14.75% to $83.67 after the server and storage specialist's third-quarter results.

Despite beating Wall Street's estimates after market close on Wednesday, the company's shares went into free fall on weaker-than-expected guidance.

For the fourth quarter, Mellanox expects revenue between $145 and $150 million, well below the consensus estimate of $157 million.

Mellanox, which competes with Broadcom (BRCM), Emulex (ELX) and QLogic (QLGC), predicts a slowdown in large deals during the fourth quarter.

Clearwire (CLWR) was another laggard in premarket trading on Thursday falling 5.31% to $2.14 after The Wall Street Journal reported that partner Sprint's (S) in talks to gain control of the Clearwire board.

EBay (EBAY - Get Report), which reported its third-quarter results on Wednesday and raised its full-year guidance, was up 0.73% to $48.55.

Apple (AAPL - Get Report), which will host a major press event in San Jose, Calif., next week, was down 0.53% to $641.18.

--Written by James Rogers in New York.

>To submit a news tip, send an email to:

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
CLWR $0.00 0.00%
AAPL $93.74 0.00%
EBAY $24.43 0.00%
MLNX $43.25 0.00%
FB $117.58 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs