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Mellanox Technologies, Ltd. (NASDAQ:MLNX) shares jump 28 percent after the company’s first quarter earnings beat consensus on Wednesday. In addition, the second quarter guidance was increased to between $125 million and $130 million, which greatly exceeds estimates of $81 million to $86 million (said to be due to one-time sales related to Intel’s Romley launch).
Splunk Inc. (NASDAQ:SPLK), which collects real-time data in a software platform to help organizations with operational intelligence, sets its initial public offering at $17, which easily exceeds the upwardly revised range of $11 to $13.
Cypress Semiconductor Corporation (NASDAQ:CY) reported earlier that its board has okayed a quarterly dividend of 11 cents per share, to be paid on April 19th to common stockholders on record at the close of business on March 29th. The dividend represents a 22 percent rise over the fourth quarter payout of 9 cents.
F5 Networks, Inc. (NASDAQ:FFIV) shares rally towards their 52-week high on the company’s fiscal second quarter statement and fiscal third quarter guidance, that assuaged worries concerning slumping sales and confirmed that demand remains strong. In turn, Capstone and Wunderlich boost F5 to Buy, as the latter points positively to F5′s record gross margin and strong book/bill, and joins Merrill in the expectation that Intel’s Romley server CPUs will hike demand for F5′s switches.
Houston American Energy Corp. (NYSE:HUSA) confirms that it is the target of a SEC non-public formal inquiry, following its becoming aware that third parties knew about the matter. In February and in April, HUSA received three SEC subpoenas, requiring testimony of its CEO and CFO, plus the delivery of certain documents. This nonpublic formal order of private investigation stems from October 2010.
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