NEW YORK (
(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
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
, predicts a slowdown in large deals during the fourth quarter.
was another laggard in premarket trading on Thursday falling 5.31% to $2.14 after
The Wall Street Journal
in talks to gain control of the Clearwire board.
(EBAY - Get Report)
, which reported its
on Wednesday and raised its full-year guidance, was up 0.73% to $48.55.
(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.
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