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QLogic Corporation (QLGC)

- NASDAQ
  • Jun. 27, 2012, 9:11 AM
    Northland Securities launches coverage on the chip industry. AMD, MRVL, QLGC, BRCM, NVDA, EZCH, and ELX are started at Outperform. INTC, TXN, and PMCS are started at Market Perform.
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  • May 4, 2012, 11:09 AM
    QLogic (QLGC -11.9%) tumbles after posting a mixed FQ4 report. BMO (Market Perform) thinks the results, together with archrival Emulex's (ELX -2.2%) uninspiring June quarter outlook, suggests a slower-than-expected ramp for Intel's (INTC) Romley server CPU platform, which many have expected will lead to a pickup in data center IT spending. The report might also be weighing on Brocade (BRCD -4%).
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  • May 3, 2012, 4:28 PM
    QLogic (QLGC): FQ4 EPS of $0.34 beats by $0.02. Revenue of $135M (-11.3% Y/Y) misses by $2.5M. Shares -5.1% AH. (PR)
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  • May 3, 2012, 12:10 AM
    Notable earnings after Thursday's close: AIG, AIV, CF, CFN, CNQ, CUBE, ED, EGO, FLR, FSLR, INVN, KFT, KOG, LNKD, MCHP, MHK, MTW, PSA, QLGC, ROVI, SD, SWN, TRMB, WYNN, YOKU
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  • May 2, 2012, 5:35 PM
    Notable earnings after Thursday's close: AIG, AIV, CF, CFN, CNQ, CUBE, ED, EGO, FLR, FSLR, INVN, KFT, KOG, LNKD, MCHP, MHK, MTW, PSA, QLGC, ROVI, SD, SWN, TRMB, WYNN, YOKU
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  • Apr. 25, 2012, 5:40 PM
    More on Emulex's FQ3: EPS beat was driven by a doubling of sales of 10G Ethernet products, further evidence of strong demand in this market (a positive for CSCO) and possibly the impact of Intel's (INTC) Romley launch. Emulex is guiding for FQ4 revenue of $126M-$130M and EPS of $0.21-$0.23, compared with a consensus of $129.6M and $0.20. ELX +6.3% AH. QLogic (QLGC) might rally tomorrow in sympathy. (PR)
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  • Jan. 26, 2012, 5:41 PM
    QLogic (QLGC): FQ3 EPS of $0.36 beats by $0.02. Revenue of $152.7M (-2% Y/Y) beats by $2.5M. Shares +3.5% AH. (PR)
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  • Jan. 23, 2012, 9:37 AM
    QLogic (QLGC -0.1%) is selling its InfiniBand adapter card and switch business to Intel (INTC) for $125M in cash. The move allows QLogic to focus on its core Fibre Channel and FCoE storage networking businesses, and is the latest in a series of moves made by Intel to bolster its networking offerings (previously). InfiniBand chipmaker Mellanox (MLNX -5.4%) is selling off on the news.
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  • Jan. 9, 2012, 5:06 PM
    Emulex (ELX) gains 8.3% AH after announcing it expects FQ2 revenue of $127M-$128M and EPS of $0.24-$0.25, above a consensus of $124M and $0.17. The company, whose shares had been hit by concerns about Thai flooding exposure, says its operations are now back to full capacity. Top rival QLogic (QLGC) is up 3.6%.
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  • Dec. 19, 2011, 8:45 AM
    Quick take on Broadcom/Emulex: Compared with Emulex and its archrival QLogic (QLGC), Broadcom is a relative upstart in the storage adapter card market, hoping to leverage its historical strength in Ethernet networking chips as the industry migrates to FCoE. Whether the end result of the Emulex suit is an injunction or a cross-licensing deal, it could give put Broadcom's efforts on sounder footing.
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  • Nov. 15, 2011, 8:38 AM
    QLogic (QLGC), a maker of enterprise storage adapter cards, announces it's authorized a $200M stock buyback. At current levels, the buyback is good for acquiring 13.5% of QLogic's outstanding shares.
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  • Oct. 28, 2011, 2:21 PM
    Emulex (ELX +13.1%) surges after reporting FQ1 revenue of $118.4M (+15% Y/Y) and EPS of $0.13, beating consensus by $2.8M and $0.02. The storage adapter card vendor expects FQ2 revenue of $121M-$127M and EPS of $0.17-$0.20, largely above a consensus of $122.2M and $0.16. Archrival QLogic (QLGC +2.4%) is up more modestly after delivering in-line results.
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  • Oct. 27, 2011, 4:29 PM
    QLogic (QLGC): FQ2 EPS of $0.34 in-line. Revenue of $150.2M (+2.5% Y/Y) in-line. (PR)
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  • Oct. 27, 2011, 12:10 AM
    Notable earnings after Thursday's close: AMD, CBG, CERN, CINF, CLD, CLF, CROX, CSTR, DDR, DECK, DPL. EMN, ERTS, EXPE, FII, GILD, HIW, HLS, IM, KEG, KLAC, LEG, LVS, MET, MMI, NCR, NETL, NLY, PFG, PMCS, QLGC, QLIK, RGC, RSG, SWN, UHS, VAR, VRSN, VRTX.
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  • Oct. 18, 2011, 1:39 PM
    VMware's (VMW +6.4%) Q3 beat is providing a lift to 80% owner EMC (EMC +4.9%). But the market also appears happy with EMC's own Q3 results, as demonstrated by the gains posted by other enterprise storage names. NTAP +2.4%. ELX +2.7%. QLGC +1.9%. BRCD +1.6%. OCZ +6%. STX +6.2%.
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  • Oct. 12, 2011, 10:09 AM
    In addition to his downgrade of Brocade (BRCD -2.6%), JPMorgan's Mark Moskowitz is cutting fellow storage industry players QLGC and STX, and printer/copier vendors LXK and XRX, on fears of an IT spending slowdown. However, he considers AAPL, IBM, EMC, and NTAP to be safe havens.
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Company Description
QLogic Corp is a designer and supplier of network infrastructure products that enhance, manage and support computer data communication.