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Xyratex (XRTX) -25.4% AH after warning it expects FQ3 revenue of $271M-$276M, well below a...

Xyratex (XRTX) -25.4% AH after warning it expects FQ3 revenue of $271M-$276M, well below a guidance range of $313M-$373M and a consensus of $344.6M. The company blames lower demand from enterprise storage OEM customers, as well as delayed sales for hard drive manufacturing and high-performance computing storage gear due to a failure to meet technical requirements. OEM customer NetApp (NTAP) is down 2.6% AH. STX -1.2%. WDC -1.1%.
Comments (2)
  • twhite113
    , contributor
    Comments (402) | Send Message
     
    Buying opp if it stays down 25%. Rock solid b/s and good yield...still will be low multiple valuation.
    11 Sep 2012, 05:33 PM Reply Like
  • Ashraf Eassa
    , contributor
    Comments (9092) | Send Message
     
    Holy cow, this company does have an attractive valuation. Will buy some intra-day tomorrow.
    11 Sep 2012, 10:58 PM Reply Like
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