QLogic 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
- 50 Day Moving Avg: $15.28
- 200 Day Moving Avg: $13.75
- 52 Week Range: $8.81 - $16.14
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 13.97
- P/E Growth: 0.00
- 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) posted its quarterly earnings data on Tuesday, July, 26th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.25 by $0.04. The business earned $116.40 million during the quarter, compared to the consensus estimate of $115.60 million. The business's revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.19 EPS. View QLogic's Earnings History.
Where is QLogic's stock going? Where will QLogic's stock price be in 2017?
4 equities research analysts have issued 1 year price targets for QLogic's stock. Their predictions range from $15.00 to $16.00. On average, they anticipate QLogic's share price to reach $15.50 in the next year. 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?
Some companies that are related to QLogic include Taiwan Semiconductor Mfg. Co. (TSM), Skyworks Solutions (SWKS), Xilinx (XLNX), Marvell Technology Group (MRVL), Semiconductor Manufacturing Int'l (SMI), Microsemi (MSCC), Silicon Laboratories (SLAB), Amkor Technology (AMKR), Semtech (SMTC), Tower Semiconductor (TSEM), MaxLinear (MXL), Power Integrations (POWI), Cabot Microelectronics (CCMP), Applied Optoelectronics (AAOI), Diodes Incorporated (DIOD), Sequans Communications SA (SQNS), Electro Scientific Industries (ESIO) and EMCORE (EMKR).
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.
Earnings History for QLogic (NASDAQ:QLGC)Earnings History by Quarter for QLogic (NASDAQ:QLGC)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/26/2016||Q117||$0.25||$0.29||$115.60 million||$116.40 million||View||N/A|
|5/5/2016||Q4||$0.25||$0.30||$116.82 million||$119.40 million||View||Listen|
|1/28/2016||Q316||$0.26||$0.33||$117.60 million||$122.70 million||View||Listen|
|10/22/2015||Q2||$0.14||$0.17||$102.80 million||$103.35 million||View||Listen|
|7/30/2015||Q116||$0.19||$0.19||$128.29 million||$113.40 million||View||Listen|
|4/30/2015||Q415||$0.26||$0.28||$135.36 million||$133.00 million||View||Listen|
|1/29/2015||Q3||$0.29||$0.36||$137.68 million||$140.20 million||View||Listen|
|10/16/2014||Q215||$0.22||$0.25||$124.44 million||$127.50 million||View||Listen|
|7/24/2014||Q115||$0.20||$0.21||$119.40 million||$119.40 million||View||Listen|
|5/1/2014||Q414||$0.22||$0.24||$113.30 million||$115.70 million||View||Listen|
|1/29/2014||Q314||$0.24||$0.29||$117.57 million||$119.40 million||View||Listen|
|10/24/2013||Q214||$0.19||$0.23||$112.06 million||$112.60 million||View||Listen|
|7/25/2013||Q1 2014||$0.14||$0.18||$113.70 million||$113.10 million||View||Listen|
|5/2/2013||Q4 2013||$0.16||$0.17||$115.35 million||$116.90 million||View||Listen|
|1/24/2013||Q3 2013||$0.17||$0.20||$115.84 million||$119.40 million||View||Listen|
Earnings Estimates for QLogic (NASDAQ:QLGC)
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for QLogic (NASDAQ:QLGC)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for QLogic (NASDAQ:QLGC)Insider Trades by Quarter for QLogic (NASDAQ:QLGC)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/2/2016||Anthony Carrozza||VP||Sell||5,977||$15.46||$92,404.42|| |
|5/11/2016||Anthony Carrozza||VP||Sell||1,460||$13.50||$19,710.00|| |
|9/10/2015||Milind Karnik||VP||Sell||1,606||$10.19||$16,365.14|| |
|6/9/2015||Roger J Klein||VP||Sell||5,324||$15.58||$82,947.92|| |
|6/2/2015||John T Dickson||Director||Buy||10,000||$15.65||$156,500.00|| |
|5/27/2015||Roger J Klein||VP||Sell||4,131||$15.42||$63,700.02|| |
|5/26/2015||Roger J Klein||VP||Sell||4,123||$15.32||$63,164.36|| |
|6/9/2014||Roger J Klein||VP||Sell||3,121||$10.28||$32,083.88|| |
|5/28/2014||Roger J Klein||VP||Sell||5,691||$9.94||$56,568.54|| |
|5/21/2014||Roger Klein||VP||Sell||2,062||$9.72||$20,042.64|| |
|5/12/2014||Prasad Rampalli||CEO||Buy||10,000||$9.94||$99,400.00|| |
|5/6/2014||Hk Desai||Chairman||Sell||42,220||$9.90||$417,978.00|| |
|6/6/2013||Roger J Klein||VP||Sell||11,490||$9.98||$114,670.20|| |
|5/30/2013||Perry Mulligan||VP||Sell||2,626||$9.77||$25,656.02|| |
|5/28/2013||Perry Mulligan||VP||Sell||2,387||$9.55||$22,795.85|| |
|5/22/2013||Perry Mulligan||VP||Sell||5,789||$9.62||$55,690.18|| |
|11/1/2012||Perry Mulligan||VP||Sell||3,300||$9.59||$31,647.00|| |
Headline Trends for QLogic (NASDAQ:QLGC)
Latest Headlines for QLogic (NASDAQ:QLGC)
|Cavium (CAVM) Concludes $1.36 Billion Takeover of QLogic|
finance.yahoo.com - April 7 at 12:09 PM
|Pacific Crest Raises Cavium Estimates On QLogic Acquisition Close, But Concerns Remain|
finance.yahoo.com - April 7 at 12:09 PM
|QLOGIC CORP Financials|
finance.yahoo.com - August 17 at 7:21 PM
|Cavium (CAVM) Stock Price Target Raised at Canaccord Genuity|
www.thestreet.com - August 17 at 10:01 AM
|QLOGIC 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
|QLOGIC CORP Files SEC form 8-K, Change in Directors or Principal Officers|
biz.yahoo.com - August 15 at 7:25 PM
|QLogic 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
|Cooper-Standard Holdings (CPS) Set A New High After S&P Change|
www.rttnews.com - August 11 at 10:17 AM
|12:45 pm Index Changes Reminder: Cooper-Standard (CPS) will replace QLogic|
finance.yahoo.com - August 11 at 10:17 AM
|QLogic Corp. Q1 Income Advances 51%|
www.nasdaq.com - July 26 at 7:24 PM
|Cavium (CAVM) Begins Cash, Stock Exchange Offer for QLogic (QLGC)|
www.streetinsider.com - July 14 at 10:38 AM
|QLOGIC 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
|INVESTOR 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
|SHAREHOLDER 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
|D.A. Davidson Says Cavium Got QLogic For A Fair Price|
feeds.benzinga.com - June 17 at 5:19 PM
|Ryan & Maniskas, LLP Announces Investigation of QLogic Corp.|
finance.yahoo.com - June 17 at 10:45 AM
|Stocks Climb Off Worst Levels But Remain Firmly Negative - US Commentary|
www.morningstar.co.uk - June 16 at 7:15 PM
|Cavium Plunges 17% on Four Downgrades: What is The Rationale in QLGC Buy? Ask Bulls|
blogs.barrons.com - June 16 at 7:15 PM
|Why Korn/Ferry International, Tetra Technologies, and Cavium Slumped Today|
www.fool.com - June 16 at 6:08 PM
|Why Shake Shack, Viacom, and QLogic Jumped Today|
www.fool.com - June 16 at 5:47 PM
QLogic (QLGC) Chart for Thursday, May, 25, 2017