Seeking Alpha

Storage adapter card/switch vendors Emulex (ELX +9.7%) and QLogic (QLGC +6.3%) have trekked...

Storage adapter card/switch vendors Emulex (ELX +9.7%) and QLogic (QLGC +6.3%) have trekked higher after posting their calendar Q3 reports (I, II). Both companies had fallen sharply due to weak enterprise server demand. Emulex guided for FQ2 revenue of $120M-$124M and EPS of $0.19-$0.21, largely below a consensus of $129.1M and $0.21. QLogic guided for FQ3 revenue of $112M-$118M and EPS of $0.14-$0.19, below a consensus of $126.8M and $0.23. Rival Mellanox (MLNX +1.2%) is up slightly. (ELX transcript) (QLGC transcript)
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs