Ashraf Eassa
Long/short equity, contrarian, independent research, tech

PLX Technology: Raising Price Target As Competitive Positioning And Execution Continue To Improve

PLX Technology (NASDAQ:PLXT) has been in the process of reinventing itself, and the most recent earnings call on 7/22 gave investors a glimpse into how things are progressing. By shedding the majority of its non-PCIe assets and positioning itself as the world leader in all things PCIe, it has emerged leaner and laser focused, and has been a veritable force in the PCIe space. With very little competition left, and with the financials in much better shape than they have been at any other point in the company's existence, this is a turnaround with legs. In light of a competitive environment that becomes easier, and in light of the fact that the company has now shown multiple quarters...

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