Seeking Alpha
 

QLogic Corporation (QLGC)

- NASDAQ
  • 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
  • Jan. 15, 2013, 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!
  • Jan. 8, 2013, 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!
  • Dec. 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!
  • Dec. 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!
  • Oct. 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!
  • Oct. 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!
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.