Seeking Alpha

QLogic (QLGC) is an interesting deep value play for equity investors to consider. The company is a major player in the field of high performance networking products, providing adapters, switches, routers and custom ASICs ("application specific integrated circuit") for use in a wide variety of networking applications. The company was founded in 1994 as the result of a spin-off from parent company Emulex (ELX) with whom QLogic today competes. Shares now present an attractive risk/reward profile at the $10 level for the following reasons:

  • The company has strong valuation support with $484M in cash and marketable securities, no debt, and a market capitalization of roughly $900M
  • The relevance of the company's products in an

Only subscribers can access this article, which is part of the PRO research library covering 3,792 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: