QLogic Company Profile (NASDAQ:QLGC)

About QLogic (NASDAQ:QLGC)

QLogic logoQLogic Corporation (QLogic), designs and supplies server and storage networking connectivity products that provide and manage computer data communication. The Company's products facilitate the transfer of data and enable resource sharing between servers, networks and storage. Its products are used in enterprise, managed service provider, consumer Web, and cloud service provider data centers. Its products are based primarily on Fiber Channel and Ethernet technologies and are used in connection with storage networks, data networks and converged networks. Storage networks are used to provide access to storage across enterprise environments. Fibre Channel is a technology for enterprise storage networking. Data networks are used to provide workstation-to-server, server-to-server, and server-to-storage connectivity using Ethernet. Converged networks are designed to address the data center by consolidating and unifying storage and data networks, using high-speed Ethernet.

Industry, Sector and Symbol:
  • Sector: Computer and Technology
  • Industry: Semiconductor - Integrated Circuits
  • Sub-Industry: Computer Storage & Peripherals
  • Symbol: NASDAQ:QLGC
  • CUSIP: 74727710
  • Web: N/A
Average Prices:
  • 50 Day Moving Avg: $15.28
  • 200 Day Moving Avg: $13.75
  • 52 Week Range: $8.81 - $16.14
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 13.97
  • P/E Growth: 0.00
Misc:
  • Average Volume: 1.93 million shs.
  • Beta: 1.11
 

Frequently Asked Questions for QLogic (NASDAQ:QLGC)

What is QLogic's stock symbol?

QLogic trades on the NASDAQ under the ticker symbol "QLGC."

How were QLogic's earnings last quarter?

QLogic Co. (NASDAQ:QLGC) released its earnings results on Tuesday, July, 26th. The company reported $0.29 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.25 by $0.04. The firm earned $116.40 million during the quarter, compared to analyst estimates of $115.60 million. The firm's quarterly revenue was up 2.6% on a year-over-year basis. During the same period last year, the business posted $0.19 earnings per share. View QLogic's Earnings History.

Where is QLogic's stock going? Where will QLogic's stock price be in 2017?

4 analysts have issued 12 month target prices for QLogic's stock. Their predictions range from $15.00 to $16.00. On average, they anticipate QLogic's stock price to reach $15.50 in the next twelve months. View Analyst Ratings for QLogic.

What are analysts saying about QLogic stock?

Here are some recent quotes from research analysts about QLogic stock:

  • 1. According to Zacks Investment Research, "QLogic reported better-than-expected first-quarter fiscal 2017 results. However, the company didn’t issue guidance or hold an earnings conference call due to its impending takeover by Cavium Inc. In Jun 2016, Cavium agreed to acquire QLogic in a cash and stock deal worth $1.36 billion, valuing each share at $15.50, subject to regulatory approval. The transaction is expected to close in the current quarter. Buyout rumors have been doing the rounds for some time now. Though QLogic holds a leading position in the Ethernet market, of late, it has been facing increasing challenges owing to the ongoing transition from Ethernet to Fiber Channel networks on the one hand and the shift from on-premise infrastructure to cloud deployments on the other. These have started to weigh on its financials. To battle the odds, the company has been improving its product portfolio as well as streamlining expenses." (8/1/2016)
  • 2. Argus analysts commented, "In short, QLogic lacked the scale and breadth to deliver stable results and predictable growth," Argus noted.Related Link: Canaccord Questions Logic Of Cavium's Acquisition, Downgrades To HoldQLogic shares have priced in the acquisition. In addition, the analyst sees a slight risk in the deal particularly if Cavium share price continues to fall. Although the acquisition will be a good asset for Cavium, which is "seeking to strengthen its server offerings," (6/17/2016)

Who are some of QLogic's key competitors?

How do I buy QLogic stock?

Shares of QLogic can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of QLogic stock cost?

One share of QLogic stock can currently be purchased for approximately $16.07.

Analyst Ratings

Consensus Ratings for QLogic (NASDAQ:QLGC) (?)
Ratings Breakdown: 4 Hold Ratings
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $15.50 (3.55% downside)

Analysts' Ratings History for QLogic (NASDAQ:QLGC)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
7/7/2016Barclays PLCBoost Price TargetEqual Weight$13.00 -> $15.00N/AView Rating Details
6/18/2016DA DavidsonReiterated RatingHold$15.50N/AView Rating Details
6/16/2016Pacific CrestDowngradeHoldN/AView Rating Details
6/17/2016ArgusDowngradeBuy -> Hold$16.00N/AView Rating Details
10/23/2015BMO Capital MarketsReiterated RatingMarket Perform$11.00N/AView Rating Details
8/31/2015Summit ResearchUpgradeHold -> Buy$11.00 -> $13.00N/AView Rating Details
7/31/2015Citigroup IncDowngradeOutperform -> Market Perform$10.50N/AView Rating Details
7/23/2015Morgan StanleyDowngradeOverweight -> Equal Weight$14.00N/AView Rating Details
7/10/2015Raymond James Financial, Inc.Reiterated RatingOutperform$17.00N/AView Rating Details
(Data available from 5/25/2015 forward)

Earnings

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

Estimates

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

Dividends

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

Insider Trades

Insider Trading and Institutional Ownership History for QLogic (NASDAQ:QLGC)
Insider Trades by Quarter for QLogic (NASDAQ:QLGC)
Institutional Ownership by Quarter for QLogic (NASDAQ:QLGC)
Insider Trades by Quarter for QLogic (NASDAQ:QLGC)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
8/2/2016Anthony CarrozzaVPSell5,977$15.46$92,404.42View SEC Filing  
5/11/2016Anthony CarrozzaVPSell1,460$13.50$19,710.00View SEC Filing  
9/10/2015Milind KarnikVPSell1,606$10.19$16,365.14View SEC Filing  
6/9/2015Roger J KleinVPSell5,324$15.58$82,947.92View SEC Filing  
6/2/2015John T DicksonDirectorBuy10,000$15.65$156,500.00View SEC Filing  
5/27/2015Roger J KleinVPSell4,131$15.42$63,700.02View SEC Filing  
5/26/2015Roger J KleinVPSell4,123$15.32$63,164.36View SEC Filing  
6/9/2014Roger J KleinVPSell3,121$10.28$32,083.88View SEC Filing  
5/28/2014Roger J KleinVPSell5,691$9.94$56,568.54View SEC Filing  
5/21/2014Roger KleinVPSell2,062$9.72$20,042.64View SEC Filing  
5/12/2014Prasad RampalliCEOBuy10,000$9.94$99,400.00View SEC Filing  
5/6/2014Hk DesaiChairmanSell42,220$9.90$417,978.00View SEC Filing  
6/6/2013Roger J KleinVPSell11,490$9.98$114,670.20View SEC Filing  
5/30/2013Perry MulliganVPSell2,626$9.77$25,656.02View SEC Filing  
5/28/2013Perry MulliganVPSell2,387$9.55$22,795.85View SEC Filing  
5/22/2013Perry MulliganVPSell5,789$9.62$55,690.18View SEC Filing  
11/1/2012Perry MulliganVPSell3,300$9.59$31,647.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for QLogic (NASDAQ:QLGC)
Latest Headlines for QLogic (NASDAQ:QLGC)
Source:
DateHeadline
finance.yahoo.com logoCavium (CAVM) Concludes $1.36 Billion Takeover of QLogic
finance.yahoo.com - April 7 at 12:09 PM
finance.yahoo.com logoPacific Crest Raises Cavium Estimates On QLogic Acquisition Close, But Concerns Remain
finance.yahoo.com - April 7 at 12:09 PM
finance.yahoo.com logoQLOGIC CORP Financials
finance.yahoo.com - August 17 at 7:21 PM
thestreet.com logoCavium (CAVM) Stock Price Target Raised at Canaccord Genuity
www.thestreet.com - August 17 at 10:01 AM
biz.yahoo.com logoQLOGIC CORP Files SEC form 8-K, Termination of a Material Definitive Agreement, Completion of Acquisition or Disposit
biz.yahoo.com - August 16 at 10:19 AM
biz.yahoo.com logoQLOGIC CORP Files SEC form 8-K, Change in Directors or Principal Officers
biz.yahoo.com - August 15 at 7:25 PM
finance.yahoo.com logoQLogic Demonstrates Array of NVM Express over Fabrics Technologies, Delivering Reduced Latency and CPU Utilization for Flash-based Storage at IDF 2016
finance.yahoo.com - August 15 at 9:12 AM
rttnews.com logoCooper-Standard Holdings (CPS) Set A New High After S&P Change
www.rttnews.com - August 11 at 10:17 AM
finance.yahoo.com logo12:45 pm Index Changes Reminder: Cooper-Standard (CPS) will replace QLogic
finance.yahoo.com - August 11 at 10:17 AM
nasdaq.com logoQLogic Corp. Q1 Income Advances 51%
www.nasdaq.com - July 26 at 7:24 PM
streetinsider.com logoCavium (CAVM) Begins Cash, Stock Exchange Offer for QLogic (QLGC)
www.streetinsider.com - July 14 at 10:38 AM
finance.yahoo.com logoQLOGIC SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the Investigation of QLogic Corp. (QLGC) Over the Proposed Sale of the Company to Cavium, Inc.
finance.yahoo.com - June 21 at 4:34 PM
finance.yahoo.com logoINVESTOR ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of QLogic Corporation And Encourages Shareholders To Contact The Firm For Additional Information
finance.yahoo.com - June 20 at 6:02 PM
finance.yahoo.com logoSHAREHOLDER UPDATE: Brodsky & Smith, LLC Announces an Investigation of the Board of Directors of QLogic Corporation - QLGC
finance.yahoo.com - June 17 at 9:36 PM
feeds.benzinga.com logoD.A. Davidson Says Cavium Got QLogic For A Fair Price
feeds.benzinga.com - June 17 at 5:19 PM
finance.yahoo.com logoRyan & Maniskas, LLP Announces Investigation of QLogic Corp.
finance.yahoo.com - June 17 at 10:45 AM
morningstar.co.uk logoStocks Climb Off Worst Levels But Remain Firmly Negative - US Commentary
www.morningstar.co.uk - June 16 at 7:15 PM
blogs.barrons.com logoCavium Plunges 17% on Four Downgrades: What is The Rationale in QLGC Buy? Ask Bulls
blogs.barrons.com - June 16 at 7:15 PM
fool.com logoWhy Korn/Ferry International, Tetra Technologies, and Cavium Slumped Today
www.fool.com - June 16 at 6:08 PM
fool.com logoWhy Shake Shack, Viacom, and QLogic Jumped Today
www.fool.com - June 16 at 5:47 PM

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Chart

QLogic (QLGC) Chart for Thursday, May, 25, 2017

This page was last updated on 5/25/2017 by MarketBeat.com Staff