Seeking Alpha
 

QLogic Corporation (QLGC)

- NASDAQ
  • Oct. 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!
  • Oct. 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!
  • Aug. 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!
  • Jul. 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
  • Jul. 26, 2012, 4:43 PM
    QLogic (QLGC): FQ1 EPS of $0.26 misses by $0.01. Revenue of $130.4M (-9.8% Y/Y) misses by $1M. (PR)
    | Comment!
  • Jul. 26, 2012, 12:10 AM
    Notable earnings after Thursday's close: AMGN, AMZN, APKT, ARBA, CA, CB, CBL, CERN, CINF, CLWR, CSTR, DECK, EXPE, FB, FBHS, GILD, HGSI, IM, INFA, KEG, KLAC, LEG, MCK, MXIM, PFG, QLGC, QLIK, RGC, RSG, SBUX, SPF, TLAB, UHS, VRSN
    | Comment!
  • Jul. 25, 2012, 5:35 PM
    Notable earnings after Thursday's close: AMGN, AMZN, APKT, ARBA, CA, CB, CBL, CERN, CINF, CLWR, CSTR, DECK, EXPE, FB, FBHS, GILD, HGSI, IM, INFA, KEG, KLAC, LEG, MCK, MXIM, PFG, QLGC, QLIK, RGC, RSG, SBUX, SPF, TLAB, UHS, VRSN
    | Comment!
  • 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.
    | Comment!
  • 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%).
    | Comment!
  • 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)
    | Comment!
  • 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
    | 2 Comments
  • 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
    | Comment!
  • 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)
    | Comment!
  • 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)
    | Comment!
  • 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.
    | Comment!
  • 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%.
    | 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.