Seeking Alpha
 

QLogic Corporation (QLGC)

- NASDAQ
  • Jun. 14, 2013, 5:40 PM
    While Zoetis kicks out First Horizon from the S&P 500, First Horizon is replacing QLogic (QLGC) in the MidCap 400. QLogic, in turn, is taking Coldwater Creek's (CWTR) place in the SmallCap 600. All changes take place after the June 21 close. (PR - .pdf)
    | Comment!
  • May. 22, 2013, 12:51 PM
    Avoid names with hefty PC, server, or printer exposure, says Goldman, lowering its 2013 PC shipment forecast to -6.8% from -3.8% and - pointing at DELL's earnings - warning pockets of price aggression at OEMs could spread. Making the list are sell-rated: HPQ, LXK, and QLGC. H-P reports after the bell.
    | 5 Comments
  • May. 17, 2013, 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!
  • May. 3, 2013, 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!
  • May. 2, 2013, 4:17 PM
    QLogic (QLGC): FQ4 EPS of $0.17 beats by $0.01. Revenue of $116.9M beats by $1.61M. (PR)
    | Comment!
  • May. 2, 2013, 12:10 AM
    Notable earnings after Thursday’s close: ACLS, ACTV, ADNC, AGNC, AIG, ALSK, AREX, ARNA, ATHN, BBG, BCOR, BERY, BRKR, CBI, CNQ, DNB, DOLE, DRIV, EGO, ELON, ELX, FBHS, FLR, FLT, GEOS, GHDX, GILD, GMED, GTY, HAIN, HI, HMA, HTGC, INVN, KOG, KRFT, LNKD, MKH, MTZ, MYL, NBIX, NFG, NILE, NSR, ONNN, OPEN, PKT, PWER, QLGC, SKUL, SPF, SPWR, SWN, TDC, THOR, TPX, TSYS, TTMI, WTW, WWWW, XL, ZAGG
    | Comment!
  • May. 1, 2013, 5:35 PM
    Notable earnings after Thursday’s close: ACLS, ACTV, ADNC, AGNC, AIG, ALSK, AREX, ARNA, ATHN, BBG, BCOR, BERY, BRKR, CBI, CNQ, DNB, DOLE, DRIV, EGO, ELON, ELX, FBHS, FLR, FLT, GEOS, GHDX, GILD, GMED, GTY, HAIN, HI, HMA, HTGC, INVN, KOG, KRFT, LNKD, MKH, MTZ, MYL, NBIX, NFG, NILE, NSR, ONNN, OPEN, PKT, PWER, QLGC, SKUL, SPF, SPWR, SWN, TDC, THOR, TPX, TSYS, TTMI, WTW, WWWW, XL, ZAGG
    | Comment!
  • Mar. 22, 2013, 8:39 AM
    QLogic (QLGC) announced a new $125M unsecured revolving credit facility Friday. The deal was led by JPMorgan. The company said it has no immediate plans to draw on the facility but noted that it does provide financial flexibility at "a very attractive interest rate." 
    | Comment!
  • Mar. 4, 2013, 9:11 AM
    Citadel ups its stake in QLogic (QLGC) to 4.565M shares, according to a SEC filing. The firm now holds 5.02% of the tech concern. (13G)
    | 2 Comments
  • Jan. 29, 2013, 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!
  • Jan. 25, 2013, 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!
  • Jan. 25, 2013, 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!
  • Jan. 24, 2013, 12:10 AM
    Notable earnings after Thursday’s close: CPHD, CRUS, ED, EGHT, ETFC, FLEX, INFA, JBHT, JNPR, KLAC, MSFT, MXIM, QLGC, RMBS, RMD, SBUX, SCSS, SXL, SYNA, T, TKR, TPX, VRSN
    | 1 Comment
  • Jan. 23, 2013, 5:35 PM
    Notable earnings after Thursday’s close: CPHD, CRUS, ED, EGHT, ETFC, FLEX, INFA, JBHT, JNPR, KLAC, MSFT, MXIM, QLGC, RMBS, RMD, SBUX, SCSS, SXL, SYNA, T, TKR, TPX, VRSN
    | Comment!
  • Jan. 22, 2013, 6:20 PM
    Mellanox (MLNX) +1.3% AH after Piper starts coverage with an Overweight and $65 PT. Ethernet hardware rivals QLogic (QLGC) and Emulex (ELX) have been started at Neutral. Mellanox fell 4.2% in regular trading.
    | Comment!
  • Jan. 15, 2013, 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
Visit Seeking Alpha's
QLGC vs. ETF Alternatives
Company Description
QLogic Corp is a designer and supplier of network infrastructure products that enhance, manage and support computer data communication.