Quote & Headlines
Market Currents
StockTalk
Today
5d
1m
3m
1y
5y
10y
52wk high:
52wk low:
EPS:
PE:
Div Rate:
Yield:
Market Cap:
Volume:
634 people get QLGC articles and Market Currents by email alert.
Get email alerts on QLGC »
FOCUS
|
PRO
|
RELATED
|
TRANSCRIPTS
|
NEWS & PR
-
-
-
-
-
-
-
-
Earnings Preview: QLogicTheflyonthewall • Thu, Jul 26, 2012 -
-
-
Earnings Preview: QLogicTheflyonthewall • Thu, May 3, 2012
-
Earnings Preview: QLogicTheflyonthewall • Thu, Jan 26, 2012
-
QLogic Adds 5 Good Years To Its Fibre Channel Cash CowFrank Berry • Fri, Sep 30, 2011
-
-
Earnings Preview: QLogicTheflyonthewall • Thu, Jul 28, 2011
-
QLogic Ups 2Q OutlookZacks Investment Research • Mon, Oct 11, 2010 -
-
Earnings Preview: QLogicTheflyonthewall • Thu, Apr 29, 2010
-
Earnings Preview: QLogicTheflyonthewall • Mon, Jan 25, 2010
-
QLogic Q2: Earning, Revenue BeatZacks Investment Research • Thu, Oct 22, 2009
-
-
-
-
-
Balance Sheet Bargains - SemiconductorsJohn Connors • Fri, Dec 7, 2012 -
-
-
-
-
QLogic And Intel: Partners In CloudJoseph Harry • Thu, Oct 4, 2012 -
7 Cash-Loaded Tech Stocks With Strong EarningsZetaKap • Mon, Sep 24, 2012 -
-
-
-
-
7 Small Cap Stocks With Strong Liquidity And ProfitsZetaKap • Mon, Aug 20, 2012
-
-
-
-
-
QLogic's CEO Discusses Q2 Results - Earnings Call TranscriptThu, Oct 25, 2012
-
QLogic's CEO Hosts 2012 Analyst Day Conference (Transcript)Fri, Sep 7, 2012
-
QLogic's CEO Presents at JPMorgan TMT Conference Call (Transcript)Wed, May 16, 2012
-
QLogic's CEO Discusses F4Q 2012 Results - Earnings Call TranscriptThu, May 3, 2012
-
QLogic's CEO Discusses F3Q12 Results - Earnings Call TranscriptThu, Jan 26, 2012
-
QLogic's CEO Discusses F2Q12 Results - Earnings Call TranscriptThu, Oct 27, 2011
-
QLogic's CEO Discusses F1Q 2012 Results - Earnings Call TranscriptThu, Jul 28, 2011
-
QLogic CEO Discusses F4Q 2011 Results - Earnings Call TranscriptThu, May 5, 2011
-
Business Wire (Jun 4, 2013)
-
at CNBC.com (May 21, 2013)
-
Business Wire (May 17, 2013)
-
GlobeNewswire (May 16, 2013)
-
GlobeNewswire (May 14, 2013)
-
GlobeNewswire (May 13, 2013)
-
Business Wire (May 2, 2013)
-
Business Wire (Apr 30, 2013)
-
GlobeNewswire (Apr 30, 2013)
-
GlobeNewswire (Apr 4, 2013)
-
GlobeNewswire (Apr 1, 2013)
-
GlobeNewswire (Mar 26, 2013)
-
GlobeNewswire (Mar 25, 2013)
-
GlobeNewswire (Mar 22, 2013)
-
GlobeNewswire (Mar 21, 2013)
-
GlobeNewswire (Mar 11, 2013)
-
GlobeNewswire (Feb 20, 2013)
-
GlobeNewswire (Feb 19, 2013)
QLGC vs. ETF Alternatives
Company Description
We are a designer and supplier of high performance storage networking, server networking, data networking and converged networking infrastructure solutions. Our solutions are sold worldwide, primarily to original equipment manufacturers, or OEMs, and distributors. We sell Fibre Channel and... More
- All
- | Earnings
- | Dividends
- | M&A
- | On the move
- Friday, May 17, 5:46 PM QLogic (QLGC) CEO Simon Biddiscombe has resigned from his position, as well as from the company's board, to "pursue other opportunities." CFO Jean Hu has been named interim CEO while a search commences for a replacement. Biddiscombe became CEO in Nov. 2010, after serving as CFO for two years. QLogic has had a rough time during Biddiscombe's tenure, as both the company and archrival Emulex contended with soft storage adapter card demand and competitive pressures. Shares -2.2% AH. Comment! [Tech, On the Move]
- Friday, May 3, 5:25 PM Storage adapter card/switch archrivals Emulex (ELX +2.7%) and QLogic (QLGC -7.4%) went in opposite directions following their March quarter reports. Emulex, which closed yesterday not far from its 52-week low, outperformed after posting a revenue beat and guiding for FQ4 revenue of $118M-$122M and EPS of $0.11-$0.13; the consensus is at $116.7M and $0.16. QLogic got hammered as its FQ4 beat became overshadowed by FQ1 guidance for revenue of $110M-$116M and EPS of $0.11-$0.16, below a consensus of $116.9M and $0.17. On its earnings call, QLogic mentioned the challenges faced by its server OEM clients were hurting adapter card sales. (ELX transcript) Comment! [Tech, Earnings, On the Move]
- Tuesday, January 29, 11:28 AM OCZ (OCZ -13.6%) and (to a lesser extent STEC (STEC -3.7%) sell off following soft guidance from EMC and Seagate. Seagate's $40M investment in and reseller deal with PCI-Express server flash card maker Virident might also be taking a toll. QLogic (QLGC -1.3%), Mellanox (MLNX -2%), Brocade (BRCD -1%), Micron (MU -1.7%), and SanDisk (SNDK -0.9%) are posting moderate declines. Comment! [Tech, On the Move]
-
Friday, January 25, 12:45 PM
Midday top 10 gainers: EFII +15%. OSK +15%. SHIP +15%. SYNA +15%. LSCC +14%. NFLX +14%. QLGC +13%. BDR +13%. CIMT +13%. CRUS +12%.
Midday top 10 Losers: NFBK -27%. ZN -26%. SCSS -18%. SCSC -15%. BGMD -15%. CTRP -13%. HTCH -11%. EGHT -10%. ARWR -8%. MSL -7%. Comment! [On the Move] - Friday, January 25, 10:21 AM QLogic (QLGC +18.6%) surges after reporting FQ3 revenue of $119.4M (-16% Y/Y) and EPS of $0.20, beating a consensus of $117.5M and $0.18. Storage adapter card and controller chip sales fell sharply Y/Y, while switch sales ticked higher. On its earnings call, QLogic guided for FQ4 revenue of $112M-$118M and EPS of $0.13-$0.17 vs. a consensus of $111.5M and $0.15. SA's Ashra Eassa offered a detailed bull case for QLogic a month ago. Rivals Emulex (ELX +1.5%) and Mellanox (MLNX +2.5%) are up a bit. Comment! [Tech, Earnings, On the Move]
- Tuesday, January 15, 9:23 AM QLogic (QLGC) +8.3% after stating it expects to report FQ3 (Dec. quarter) revenue of ~$119M and EPS of $0.19-$0.20, above a consensus of $115.1M and $0.17. The company says it saw higher-than-expected revenue for Host products (storage adapter cards/controllers) and "particularly strong performance" for Network products (storage switches). Look for archrival Emulex (ELX) to rise in sympathy. Both companies have had a rough time over the last 9 months. 1 Comment [Tech, On the Move, Earnings]
-
Tuesday, January 15, 9:10 AM
Premarket gainers: EXPR +14%. QLGC +8%. SNTS +8%. RSH +6%.
Losers: COOL -32%. GIVN -14%. BODY -12%. LULU -6%. TELK -6%. SAP -5%. Comment! [On the Move] - Tuesday, January 8, 11:15 AM More on William Blair's downgrade of EMC (EMC -2.2%): Analyst Jason Ader says checks indicate EMC had trouble closing deals with large companies in Q4, something that will likely lead results to be in-line or below consensus. He's also worried about the threat posed by newer, more efficient technologies - many Internet/cloud companies have been eschewing traditional storage gear in favor of flash storage and commodity hardware. Oppenheimer and Craig-Hallum expressed concerns about EMC last week. NTAP -3.9%. BRCD -2%. ELX -1.8%. QLGC -1.7%. Comment! [Tech, On the Move]
- Monday, December 10, 2012, 2:48 PM Emulex (ELX +3.8%) is higher thanks to an upgrade to Overweight from Stephens. Rivals QLogic (QLGC +2%) and Mellanox (MLNX +4.6%) are also up - the latter might be getting a lift from a deal to supply 40 Gb/s InfiniBand adapter cards and switches for Teradata's (TDC) Aster Big Analytics Appliance, which competes with Oracle's Big Data Appliance (it also uses Mellanox gear). Emulex fell last week after announcing it's acquiring network monitoring hardware firm Endace. Comment! [Tech, On the Move]
- Monday, December 3, 2012, 11:04 AM Storage adapter card/switch vendors QLogic (QLGC -8.1%) and Emulex (ELX -4.8%) are down hard after receiving downgrades to Sell (I, II) from Goldman: the firm thinks QLogic's FY13 targets are at risk due to macro issues, and is worried about the impact of investment needs, macro, and litigation risk on Emulex's near-term performance. Shares of both companies have fared poorly in recent months. Mellanox (MLNX -3.2%), which competes with QLogic and Emulex in the Ethernet adapter card market, is also lower. Comment! [Tech, On the Move, Quick Ideas]
- Friday, October 26, 2012, 4:42 PM In a sign the Street is on edge over enterprise storage demand, Quantum (QTM -9%) and Fusion-io (FIO -4.5%) sold off again today following disappointing earnings reports (I, II). In Quantum's case, the company's decision to issue $60M in convertible notes (they sport a 4.5% yield and $1.65/share conversion price) also isn't going over well. Many peers posted modest declines, though depressed QLogic and Emulex bounced following their earnings reports. (EMC guidance) Comment! [Tech, On the Move]
- Friday, October 26, 2012, 2:41 PM 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) Comment! [Tech, Earnings, On the Move]
- Thursday, October 25, 2012, 5:52 PM QLogic (QLGC): FQ2 EPS of $0.18 in-line. Revenue of $117.9M (-13.5% Y/Y) beats by $0.4M. Shares +2.6% AH. (PR) Comment! [Earnings, Tech, On the Move]
- Thursday, October 4, 2012, 11:12 AM Storage adapter card/switch vendors QLogic (QLGC -3.9%) and Emulex (ELX -6.3%) slump after Credit Suisse starts coverage with Underperform ratings. Shares of both companies have fared poorly this year, as sales of the servers that use their adapter cards remain under pressure in spite of Intel's Romley server CPU launch. Comment! [Tech, On the Move]
- Thursday, August 16, 2012, 4:05 PM NetApp's (NTAP +3.8%) FQ1 report and FQ2 guidance helped companies with enterprise storage exposure outperform. ELX +6.6%. QLGC +3.3%. BRCD +6%. QTM +6.3%. Deutsche (Buy) sees product catalysts such as Intel's Romley, new storage systems, and version 8.1 of NetApp's ONTAP OS driving shares higher, and Topeka is pleased FQ1 software/maintenance sales held up well. But Barclays thinks NetApp is still losing share to EMC (EMC +3.2%), which has carried out a big product refresh of its own. (transcript) Comment! [Tech, On the Move, Quick Ideas]
- Friday, July 27, 2012, 10:14 AM QLogic (QLGC -21.2%) crashes after missing FQ1 estimates, and guiding on its earnings call for revenue of $115M-$120M and EPS of $0.16-$0.20, well below a consensus of $138.6M and $0.30. QLogic blames weak server sales, something that hurts demand for its storage adapter cards, as well as (unsurprisingly) macro issues. But the fact QLogic also missed top-line estimates in May suggests some of its problems are company-specific. Archrival ELX -6.6%. 1 Comment [Tech, Earnings, On the Move]
-
- View all 1 replies
-
Sam Liu: found it too risky as insiders and major funds were overwhelming sell of shares
-
- View all 0 replies
-
Ashraf Eassa
Will be working on a $QLGC piece soon, but I am *very* strapped for time. I am long @ $9.92. Will post more buys in RT. - View all 1 replies
-
-
- View all 4 replies
-
-
-
- View all 7 replies
-
-
-
Ashraf Eassa
Sold $QLGC @ $10.82, from $10.06 a few days ago for +7.5% http://seekingalpha.com/s/e5601 - View all 3 replies
-
Passerby37: Why? May 2 is earnings. Gen 2.0 server-based SSD is all the buzz. Thanks for the Rumor (seriously!) but I think you sold too too soon. -
-
- View all 2 replies
-
-
-
- View all 0 replies
-
Ashraf Eassa
$QLGC looks like I got the bottom...irritated that I didn't buy as many shares as I had wanted. - View all 1 replies
-
Whitehawk: You may get another chance. I have had this company on my buy list for awhile, but I held off on the decline weakness.
-
- View all 0 replies
LATEST REPLIES
-
- View all 1 replies
-
Sam Liu: found it too risky as insiders and major funds were overwhelming sell of shares
-
Ashraf Eassa
Will be working on a $QLGC piece soon, but I am *very* strapped for time. I am long @ $9.92. Will post more buys in RT. - View all 1 replies
-
-
- View all 4 replies
-
-
-
- View all 7 replies
-
-
-
- View all 7 replies
-
-
-
Ashraf Eassa
Sold $QLGC @ $10.82, from $10.06 a few days ago for +7.5% http://seekingalpha.com/s/e5601 - View all 3 replies
-
Passerby37: Why? May 2 is earnings. Gen 2.0 server-based SSD is all the buzz. Thanks for the Rumor (seriously!) but I think you sold too too soon.
-
-
- View all 2 replies
-
-
-
Ashraf Eassa
$QLGC looks like I got the bottom...irritated that I didn't buy as many shares as I had wanted. - View all 1 replies
-
Whitehawk: You may get another chance. I have had this company on my buy list for awhile, but I held off on the decline weakness.
-
- View all 2 replies
-
cheznazi: I corrected this to say I had cancelled the previous night so my position was not sold. Now I wish it had! Haa haha!
-
SKS1586: QLGC is a Turnaround candidate with good value in it. I am Long QLGC waiting patiently for Turnaround. Do not feel bad for not selling it.
-
Ashraf Eassa
Not selling $QLGC though. After ER last night, growth is back. Upside to $14+ easily attainable. - View all 19 replies
-
Sal Marvasti: All you need is one big loss and a 99% win ratio will not help you. If you win 99% with 5% gain and 1% with 99% loss. You get the drift. -
-
- View all 1 replies
-
-
Ashraf Eassa
Listening to $MSFT call now. Not worrying about $QLGC for now, esp. since company is very strong. Will listen to their CC replay later. - View all 3 replies
-
Clinton Holmes: I won't get a chance to listen tonight - will you be posting an article with key points? -
-
- View all 3 replies
-
Whitehawk: Why should I buy QLGC (in 140 characters or less, please)
-
Ashraf Eassa: Lots of cash, no debt, should benefit from secular cloud/data-center growth. Pre-announced a solid quarter, to boot.
-
Ashraf Eassa
Looks like my limit buy for $QLGC filled @ $10.94. Don't like avg'ing up, but hey...I'll make an exception here. - View all 2 replies
-
cheznazi: I've put a sell order @ 12.20 - don't mind when it fills. I purchased @ 9.73 and then again at 11 something. Averaging $10.91
-
Seppo2: I already sold some, currently averaging at $10.69, waiting for that next pop up...
-
- View all 5 replies
-
Ashraf Eassa: $8.83 initial purchase, but I sold it. Rebought at $8.93.
-