QLogic Corp. Company Profile (NASDAQ:QLGC)

Analyst Ratings

Consensus Ratings for QLogic Corp. (NASDAQ:QLGC) (?)
Ratings Breakdown: 6 Hold Rating(s), 1 Buy Rating(s)
Consensus Rating:Hold (Score: 2.14)
Consensus Price Target: $13.50 (11.36% downside)

Analysts' Ratings History for QLogic Corp. (NASDAQ:QLGC)
Show:
DateFirmActionRatingPrice TargetActions
7/7/2016Barclays PLCBoost Price TargetEqual Weight$13.00 -> $15.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
6/18/2016DA DavidsonReiterated RatingHold$15.50View Rating Details  Tweet This Rating  Share This Rating on StockTwits
6/16/2016Pacific CrestDowngradeHoldView Rating Details  Tweet This Rating  Share This Rating on StockTwits
6/17/2016ArgusDowngradeBuy -> Hold$16.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
10/23/2015BMO Capital MarketsReiterated RatingMarket Perform$11.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
8/31/2015Summit ResearchUpgradeHold -> Buy$11.00 -> $13.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
7/31/2015Citigroup Inc.DowngradeOutperform -> Market Perform$10.50View Rating Details  Tweet This Rating  Share This Rating on StockTwits
7/23/2015Morgan StanleyDowngradeOverweight -> Equal Weight$14.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
7/10/2015Raymond James Financial Inc.Reiterated RatingOutperform$17.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
1/30/2015Royal Bank Of CanadaBoost Price TargetOutperform$13.00 -> $15.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
(Data available from 7/26/2014 forward)

Earnings

Earnings History for QLogic Corp. (NASDAQ:QLGC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallActions
7/28/2016        
7/26/2016Q117$0.25$0.29$115.60 million$116.40 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
5/5/2016Q4$0.25$0.30$116.82 million$119.40 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
1/28/2016Q316$0.26$0.33$117.60 million$122.70 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
10/22/2015Q2$0.14$0.17$102.80 million$103.35 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
7/30/2015Q116$0.19$0.19$128.29 million$113.40 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
4/30/2015Q415$0.26$0.28$135.36 million$133.00 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
1/29/2015Q3$0.29$0.36$137.68 million$140.20 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
10/16/2014Q215$0.22$0.25$124.44 million$127.50 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
7/24/2014Q115$0.20$0.21$119.40 million$119.40 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
5/1/2014Q414$0.22$0.24$113.30 million$115.70 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
1/29/2014Q314$0.24$0.29$117.57 million$119.40 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
10/24/2013Q214$0.19$0.23$112.06 million$112.60 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
7/25/2013Q1 2014$0.14$0.18$113.70 million$113.10 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
5/2/2013Q4 2013$0.16$0.17$115.35 million$116.90 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
1/24/2013Q3 2013$0.17$0.20$115.84 million$119.40 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
10/25/2012$0.18$0.18ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
7/26/2012$0.27$0.26ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
5/3/2012$0.32$0.34ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
1/26/2012$0.34$0.36ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
10/27/2011$0.34$0.34ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
7/28/2011$0.34$0.38ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
5/5/2011$0.34$0.37ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
1/27/2011$0.47$0.53ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for QLogic Corp. (NASDAQ:QLGC)
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q2 20161$0.20$0.20$0.20
Q1 20171$0.21$0.21$0.21
(Data provided by Zacks Investment Research)

Dividends

Dividend History for QLogic Corp. (NASDAQ:QLGC)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading History for QLogic Corp. (NASDAQ:QLGC)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionActions
5/11/2016Anthony CarrozzaVPSell1,460$13.50$19,710.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
9/10/2015Milind KarnikVPSell1,606$10.19$16,365.14View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
6/9/2015Roger J KleinVPSell5,324$15.58$82,947.92View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
6/2/2015John T DicksonDirectorBuy10,000$15.65$156,500.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
5/27/2015Roger J KleinVPSell4,131$15.42$63,700.02View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
5/26/2015Roger J KleinVPSell4,123$15.32$63,164.36View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
6/9/2014Roger J KleinVPSell3,121$10.28$32,083.88View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
5/28/2014Roger J KleinVPSell5,691$9.94$56,568.54View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
5/21/2014Roger KleinVPSell2,062$9.72$20,042.64View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
5/12/2014Prasad RampalliCEOBuy10,000$9.94$99,400.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
5/6/2014Hk DesaiChairmanSell42,220$9.90$417,978.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
6/6/2013Roger J KleinVPSell11,490$9.98$114,670.20View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
5/30/2013Perry MulliganVPSell2,626$9.77$25,656.02View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
5/28/2013Perry MulliganVPSell2,387$9.55$22,795.85View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
5/22/2013Perry MulliganVPSell5,789$9.62$55,690.18View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
11/1/2012Perry MulliganVPSell3,300$9.59$31,647.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for QLogic Corp. (NASDAQ:QLGC)
DateHeadline
07/26/16 06:24 PMQLogic Reports First Quarter Results for Fiscal 2017
07/26/16 06:24 PMQLogic Corp. Q1 Income Advances 51%
07/26/16 04:47 PMQLogic beats 1Q profit forecasts -
07/25/16 08:42 AMQLogic Corp. :QLGC-US: Earnings Analysis: 2016 By the Numbers : July 25, 2016 -
07/22/16 08:57 AMQLogic Corporation (QLGC) Hits New 52-week High During July 20 Session
07/21/16 01:24 PMETF’s with exposure to QLogic Corp. : July 21, 2016 -
07/15/16 05:01 PMQLogic Corporation (QLGC) Hits New 52-week High During July 13 Session
07/14/16 09:38 AMCavium (CAVM) Begins Cash, Stock Exchange Offer for QLogic (QLGC)
07/14/16 09:38 AMQLogic Corporation (QLGC) Hits New 52-week High During July 12 Session
07/13/16 04:38 PMCavium, Inc. Commences Exchange Offer to Acquire QLogic Corporation - [at noodls] - San Jose, Calif., July 13, 2016 - Cavium, Inc. (Nasdaq: CAVM) ('Cavium'), a leading provider of semiconductor products that enable intelligent processing for enterprise, data center, cloud, wired and wireless ...
07/02/16 08:45 AMQLogic Corporation (QLGC) - Financial and Strategic SWOT Analysis Review - New Study Released
06/28/16 10:50 AMLyft hires investment bank Qatalyst Partners: WSJ
06/21/16 03:34 PMQLOGIC SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the Investigation of QLogic Corp. (QLGC) Over the Proposed Sale of the Company to Cavium, Inc. - [PR Newswire] - NEW YORK, June 21, 2016 /PRNewswire/ -- Nadeem Faruqi, founding partner at Faruqi & Faruqi, LLP , a leading national securities firm headquartered in New York City, is investigating the Board of Directors ...
06/21/16 08:19 AMQLogic Extends Gen 6 32Gb Fibre Channel Market Leadership and Industry Adoption - [at noodls] - ALISO VIEJO, Calif., June 21, 2016 (GLOBE NEWSWIRE) -- Today, QLogic announced new Gen 6 32Gb Fibre Channel (FC) HBAs with QLogic StorFusion technology for Dell PowerEdge Servers, enabling superior performance, ...
06/20/16 05:02 PMINVESTOR ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of QLogic Corporation And Encourages Shareholders To Contact The Firm For Additional Information - [Business Wire] - The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of QLogic Corporation relating to the proposed buyout of QLogic by Cavium, Inc.
06/18/16 10:09 AMOvernight Markets: Wall Street rebounds as odds on Brexit decline
06/17/16 08:36 PMSHAREHOLDER UPDATE: Brodsky & Smith, LLC Announces an Investigation of the Board of Directors of QLogic Corporation - QLGC - [Accesswire] - BALA CYNWYD, PA / ACCESSWIRE / June 17, 2016 / Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of QLogic Corporation ("QLogic" ...
06/17/16 04:19 PMD.A. Davidson Says Cavium Got QLogic For A Fair Price - D.A. Davidson analyst Mark Kelleher thinks Cavium Inc (NASDAQ: CAVM) acquired QLogic Corporation (NASDAQ: QLGC) for a fair price. On Thursday, the companies disclosed a deal whereby QLogic would be purchased for $15.50 a share comprising $11 a share in cash and 0.098 of a Cavium share worth about $4.50 a share. The brokerage reiterated Neutral rating on QLogic shares, citing the absence of additional bidders. "Despite the seemingly modest take-out multiples, we believe the acquisition price is a fair premium given that QLGC's core Fibre-Channel business (we estimate about two-thirds of total revenue) is in a terminal decline, and success in ...Full story available on Benzinga.com
06/17/16 11:18 AMQLogic Corp. – Value Analysis (NASDAQ:QLGC) : June 17, 2016 -
06/17/16 09:45 AMRyan & Maniskas, LLP Announces Investigation of QLogic Corp. - [PR Newswire] - WAYNE, Pa., June 17, 2016 /PRNewswire/ -- Ryan & Maniskas, LLP is investigating potential claims against the board of directors of QLogic Corp. ("QLogic" or the "Company") (NASDAQ: ...
06/16/16 06:15 PMStocks Climb Off Worst Levels But Remain Firmly Negative - US Commentary
06/16/16 06:15 PMCavium Plunges 17% on Four Downgrades: What is The Rationale in QLGC Buy? Ask Bulls
06/16/16 05:08 PMWhy Korn/Ferry International, Tetra Technologies, and Cavium Slumped Today -
06/16/16 04:47 PMWhy Shake Shack, Viacom, and QLogic Jumped Today -
06/16/16 11:23 AMQLogic Soars, Cavium Tumbles on Acquisition - Cavium investors aren't thrilled with the steep price the company is paying for the network equipment vendor.
06/16/16 10:13 AMBOJ on hold as USD/JPY falls to 21-month low near ¥104
06/16/16 10:13 AMMid-Morning Market Update: Markets Open Lower; Kroger Profit Tops Views
06/16/16 09:54 AMWhy Analysts Have a Mixed View on the Cavium-QLogic Merger -
06/15/16 06:22 PMCavium (CAVM) Stock Tumbles in After-Hours Trading on QLogic Acquisition - TheStreet.com - TheStreet.comCavium (CAVM) Stock Tumbles in After-Hours Trading on QLogic AcquisitionTheStreet.comCavium (CAVM) stock is plunging in after-hours trading after the company agreed to acquire QLogic (QLGC) in a transaction valued at $1.36 billion. Amanda Gomez. Follow. Jun 15, 2016 4:40 PM EDT. Get TheStreet Quant Ratings' exclusive 5-page report for ...Cavium to Acquire QLogicPR Newswire (press release)Cavium buys QLogic in $1.36 billion data center processor dealZDNetCavium to buy QLogic for $1.4BSilicon Valley Business JournalInvestor's Business Daily -Barron's (blog) -Orange County Business Journal -StreetInsider.comall 26 news articles »
06/15/16 05:18 PMCavium Stock Tanks On $1.3 Billion Plan To Acquire Networker QLogic - [at Investor's Business Daily] - Cavium (CAVM) stock fell in after-hours trading Wednesday, after the chipmaker announced an agreement to acquire QLogic (QLGC) in a deal valued at about $15.50 a share, sending shares of the networking ...
06/15/16 05:06 PMCavium to buy network equipment maker QLogic for $1.36 billion -
06/15/16 04:22 PMCavium to buy network infrastructure products maker QLogic for $1.36 bln - June 15 (Reuters) - Chipmaker Cavium Inc said it would buy network infrastructure products maker QLogic Corp for about $1.36 billion in equity value, as it looks to expand in the data center and...
06/15/16 04:22 PMUPDATE 1-Cavium to buy network equipment maker QLogic for $1.36 bln - June 15 (Reuters) - Chipmaker Cavium Inc said it would buy network equipment maker QLogic Corp for about $1.36 billion, as it looks to expand in the data center and storage market.
06/15/16 04:00 PMCavium is acquiring QLogic for $1B ($15.50/share) -
06/15/16 07:03 AMQLogic Corp. breached its 50 day moving average in a Bullish Manner : QLGC-US : June 15, 2016 -
06/09/16 02:29 AMQLogic Delivers 25Gb Ethernet Connectivity with Unsurpassed Combination of Performance, Flexibility and Scalability for HPE Servers - [at noodls] - ALISO VIEJO, Calif., June 09, 2016 (GLOBE NEWSWIRE) -- Today, QLogic announced six new connectivity offerings, further extending its portfolio of I/O solutions that deliver a robust set of features and ...
06/01/16 12:04 PMQLOGIC CORP Financials -
05/30/16 01:44 PMQlogic Corporation (NASDAQ:QLGC) Short Interest Increased By 4.21% - HNN - Qlogic Corporation (NASDAQ:QLGC) Short Interest Increased By 4.21%HNNThe stock of Qlogic Corporation (NASDAQ:QLGC) registered an increase of 4.21% in short interest. QLGC's total short interest was 1.81 million shares in May as published by FINRA. Its up 4.21% from 1.73M shares, reported previously. With 798,600 shares ...and more »
05/30/16 07:01 AMTrending Now: QLGC -
05/29/16 12:26 PMAre Analysts Bullish QLogic Corporation (NASDAQ:QLGC) After Last Week? - HNN - Are Analysts Bullish QLogic Corporation (NASDAQ:QLGC) After Last Week?HNNOut of 3 analysts covering Qlogic (NASDAQ:QLGC), 2 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 33% are positive. Qlogic has been the topic of 9 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Below is a list of QLogic ...
05/27/16 12:51 PMQLogic: Constant Comparison With Emulex Is An Opportunity - Seeking Alpha - Seeking AlphaQLogic: Constant Comparison With Emulex Is An OpportunitySeeking AlphaQLogic (NASDAQ:QLGC) is suffering from the constant comparison with Emulex, another Fiber Channel competitor that was acquired at a great price by Broadcom (NASDAQ:AVGO), but this constant comparison seems to be short-changing the fast ... As for the ...
05/26/16 03:27 PMQLOGIC CORP Files SEC form 10-K, Annual Report -
05/26/16 11:56 AMStock's Move to Focus: QLogic Corporation (NASDAQ:QLGC) , Bitauto Holdings Limited (NYSE:BITA) - Street Updates - Stock's Move to Focus: QLogic Corporation (NASDAQ:QLGC) , Bitauto Holdings Limited (NYSE:BITA)Street UpdatesOn 5/24/2016, shares of QLogic Corporation (NASDAQ:QLGC) rose +1.41% in trading session and finally closed at $13.64. The company most recent volume stood at 555.18 thousand shares as compared to its average volume of 570.5 thousand shares.and more »
05/26/16 11:56 AMQlogic Corporation (NASDAQ:QLGC) Shorted Shares Decreased By 7.54% - Wall Street Hints and News - Investorplace.comQlogic Corporation (NASDAQ:QLGC) Shorted Shares Decreased By 7.54%Wall Street Hints and NewsThe stock of Qlogic Corporation (NASDAQ:QLGC) registered a decrease of 7.54% in short interest. QLGC's total short interest was 1.73 million shares in May as published by FINRA. Its down 7.54% from 1.87M shares, reported previously. With 412,800 shares ...Trade of the Day: QLogic Corporation (NASDAQ:QLGC)Investorplace.comQLogic Corporation (NASDAQ:QLGC) Yearly EPS Forecast At $0.18Investor Newswireall 3 news articles »
05/25/16 08:45 AMTrade of the Day: QLogic Corporation (NASDAQ:QLGC) - InvestorPlaceInvestorPlace - Stock Market News, Stock Advice & Trading Tips On Monday, Profit Scanner confirmed a bullish Continuation Diamond pattern on QLGC's chart — suggesting that, within roughly the next month and a half, the stock should see up to 19% further upside. The post Trade of the Day: QLogic Corporation (NASDAQ:QLGC) appeared first on InvestorPlace.
05/18/16 08:52 AMQLogic Executives to Present at June Conferences - [at noodls] - ALISO VIEJO, Calif., May 18, 2016 (GLOBE NEWSWIRE) -- QLogic Corp. (Nasdaq:QLGC), a leading supplier of high performance networking infrastructure solutions, today announced that members of its executive ...
05/16/16 03:19 PMETF’s with exposure to QLogic Corp. : May 16, 2016 -
05/13/16 07:16 AMQLogic Corp. breached its 50 day moving average in a Bearish Manner : QLGC-US : May 13, 2016 -
05/12/16 09:22 AMPrice Movers of Last Trading Day: QLogic Corporation (NASDAQ:QLGC) , United Online, Inc. (NASDAQ:UNTD) - Street Updates - Price Movers of Last Trading Day: QLogic Corporation (NASDAQ:QLGC) , United Online, Inc. (NASDAQ:UNTD)Street UpdatesOn 5/11/2016, shares of QLogic Corporation (NASDAQ:QLGC) fell -0.780% in trading session and finally closed at $13.355. The company most recent volume stood at 410.83 thousand shares as compared to its average volume of 607.04 thousand shares.
05/10/16 08:08 AMQLogic Advances Manageability of OpenStack Environment with QConvergeConsole - [at noodls] - ALISO VIEJO, Calif. , May 10, 2016 (GLOBE NEWSWIRE) -- Today, QLogic announced the availability of its latest release of the QLogic QConvergeConsole (QCC) which adds the ability to map the topology of ...

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About QLogic Corp.

QLogic Corp. logoQLogic Corporation (QLogic) designs and supplies server and storage networking connectivity products that provide and manage computer data communication. These products facilitate the transfer of data and enable resource sharing between servers, networks and storage. The Company's products are used in enterprise, managed service provider, consumer Web, and cloud service provider data centers, along with other environments dependent on data networking. It offers products in two categories: Advanced Connectivity Platforms and Legacy Connectivity Products. The advanced Connectivity Platforms consist primarily of adapters and application-specific integrated circuits (ASICs) for server and storage connectivity applications. The legacy Connectivity Products consist primarily of Fiber Channel switch products. The Company's products are based primarily on Fiber Channel and Ethernet technologies and are used in connection with storage networks, local area networks, and converged networks.

Industry, Sector and Symbol:
  • Sector: Computer and Technology
  • Industry: Semiconductor - Integrated Circuits
  • Sub-Industry: Computer Storage & Peripherals
  • Exchange: NASDAQ
  • Symbol: QLGC
  • CUSIP: 74727710
Key Metrics:
  • Previous Close: $15.23
  • 50 Day Moving Average: $14.59
  • 200 Day Moving Average: $13.30
  • P/E Ratio: 28.20
  • P/E Growth: 2.18
  • Market Cap: $1.27B
  • Beta: 1.11
  • Current Year EPS Consensus Estimate: $1.05 EPS
  • Next Year EPS Consensus Estimate: $1.11 EPS
Additional Links:
QLogic Corp. (NASDAQ:QLGC) Chart for Tuesday, July, 26, 2016