More on OCZ's FQ1: No explanation is given for the miss, though it's likely falling solid-state...


More on OCZ's FQ1: No explanation is given for the miss, though it's likely falling solid-state drive prices played a role. Sales of high-end PCI Express solutions fell 24% Q/Q, and only made up 5% of revenue. OCZ expects FQ2 revenue of $130M-$140M and FY13 (ends in Feb.) revenue of $630M-$700M, compared with consensus estimates of $132.7M and $653.9M. Gross margin is expected to increase from FQ1's 25.2%, and end FY13 above 30%. OCZ -7.2% AH. (PR)

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Comments (3)
  • Stone Fox Capital
    , contributor
    Comments (10099) | Send Message
     
    who cares about Q1? Revenue is exploding and margins are going to jump.
    10 Jul 2012, 04:37 PM Reply Like
  • wil3714
    , contributor
    Comments (2367) | Send Message
     
    market doesnt seem to think so, short interest slammed this onedown a buck today
    10 Jul 2012, 07:44 PM Reply Like
  • Edward.S
    , contributor
    Comments (146) | Send Message
     
    Wow, the report and the guidance was surprisingly conservative. MSFT sales were not included. Its good to see that they are getting more respectable in terms of enterprise and OEM channels. I always saw their niche/aftermarket image/status as hindering their adoption in those important sectors. The msft deal was huge for their credibility, that was not evident in this report - yet probably a huge factor in the stock price jumping the way it has. We'll see those gains given up tomorrow - on earnings that do not realize this good news even in guidance. I already have a very large stake in ocz, with a very large amount of 6$ July calls sold. I'll be buying up the short sales tomorrow (at a reasonable price). Perhaps I'll have enough stake to get a say in. Tell them to stop discounting older products!
    10 Jul 2012, 11:08 PM Reply Like
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