Mellanox, Facebook, Apple: Tech Premarket
NEW YORK (TheStreet) -- Mellanox(MLNX) was a gainer before market open on Monday, rising 1.85% to $105.84 as the company continues to attract attention.
The server and storage component specialist, which recently released record second-quarter results, saw its shares rise last week following a rumor that Oracle(ORCL) or IBM(IBM) may acquire the company.
Mellanox CEO Eyal Waldman, however, responded by saying that the company should stay independent so long as it can continue to grow faster than it could as a unit of a buyer, according to Israeli Web site Globes.
Facebook(FB) shares rose 1.37% to $24.03 on Monday as the stock stabilized following its slump last week.
The social networker's shares were off 17.6% last week as investors responded to Facebook's first quarterly results as a public company, released on Thursday.
Facebook was also the most active premarket Nasdaq stocks on share volume of 186,237.
Apple(AAPL) was up 0.9% to $590.49 in premarket trading. The tech giant missed analysts' estimates in its third-quarter results last week amid economic weakness in areas such as Europe, Australia, Canada, and Brazil and a lull in demand ahead of the company's next iPhone.
Seagate(STX) shares rose 0.33% to $30.11 ahead of the hard drive maker's fourth-quarter results, released after market close on Monday. Analysts surveyed by Thomson Reuters are looking for revenue of $4.56 billion and earnings of $2.51 a share.
--Written by James Rogers in New York.
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