Mellanox Technologies, Ltd. was a big mover last session, as the company saw its shares rise nearly 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 28.3% in the past one-month time frame.

The stock gained after hedge fund Starboard Value LP disclosed a stake of 10.7% in Mellanox Technologies.

The company has seen five negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Mellanox Technologies, Ltd. Price

Mellanox Technologies, Ltd. Price | Mellanox Technologies, Ltd. Quote

Mellanox Technologies currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

A better-ranked stock in the Computer and Technology  sector is Cabot Microelectronics Corporation , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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