Feb. 04, 2013 (Shareholders Foundation) -- An investigation on behalf of investors of Mellanox Technologies, Ltd. (NASDAQ:MLNX) shares over potential securities laws violations by Mellanox Technologies, Ltd. and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Mellanox Technologies, Ltd. (NASDAQ:MLNX) concerning whether a series of statements by Mellanox Technologies, Ltd. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Mellanox Technologies, Ltd. (NASDAQ:MLNX) reported that its annual Revenue rose from $259.25 million in 2011 to $500.80 million in 2012 and that its Net Income surged from $9.98million to $111.38 million in 2012.
On April 18, 2012, Mellanox Technologies, Ltd. reported its financial results for the first quarter 2012.

Shares of Mellanox Technologies, Ltd. (NASDAQ:MLNX) grew from $65.91 per share on April 19, 2012, to as high as $119.93 per share on Sept. 6, 2012.

Then on Jan. 2, 2013, Mellanox Technologies, Ltd. announced that its fourth quarter revenue is projected to be in the range of $119 million to $121 million, below the companys previous guidance of $145 million to $150 million, bringing 2012 annual revenue to approximately $500 million, up from $259 million in 2011.

Shares of Mellanox Technologies, Ltd. (NASDAQ:MLNX) declined to as low as $47.761 per share on Jan. 8, 2013.

On Feb. 4, 2013, NASDAQ:MLNX shares closed at $53.21 per share, which is less than half its current 52 week High.