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Fly News Breaks for July 9, 2015
QLGC, MLNX
Jul 9, 2015 | 12:28 EDT
Stifel said QLogic's (QLGC) preannouncement is not a precursor of softness in Mellanox's (MLNX) primary markets. Firm said Mellanox's revenue growth is largely driven by market share gains as data center networks upgrade to 25G, 40G, 50G, and 100G Ethernet speeds, a trend they expect to continue regardless of individual server OEM CPU upgrades.
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