QLogic Company Profile (NASDAQ:QLGC)

About QLogic

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
  • Exchange: NASDAQ
  • Symbol: QLGC
  • CUSIP: 74727710
Key Metrics:
  • Previous Close: $16.07
  • 50 Day Moving Average: $15.28
  • 200 Day Moving Average: $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
  • Market Cap: $N/A
  • Beta: 1.11
Additional Links:
Companies Related to QLogic:

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)
DateFirmActionRatingPrice TargetDetails
7/7/2016Barclays PLCBoost Price TargetEqual Weight$13.00 -> $15.00View Rating Details
6/18/2016DA DavidsonReiterated RatingHold$15.50View Rating Details
6/16/2016Pacific CrestDowngradeHoldView Rating Details
6/17/2016ArgusDowngradeBuy -> Hold$16.00View Rating Details
10/23/2015BMO Capital MarketsReiterated RatingMarket Perform$11.00View Rating Details
8/31/2015Summit ResearchUpgradeHold -> Buy$11.00 -> $13.00View Rating Details
7/31/2015Citigroup Inc.DowngradeOutperform -> Market Perform$10.50View Rating Details
7/23/2015Morgan StanleyDowngradeOverweight -> Equal Weight$14.00View Rating Details
7/10/2015Raymond James Financial, Inc.Reiterated RatingOutperform$17.00View Rating Details
(Data available from 2/24/2015 forward)


Earnings History 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)


Earnings Estimates for QLogic (NASDAQ:QLGC)
Current Year EPS Consensus Estimate: $1.09 EPS
Next Year EPS Consensus Estimate: $1.15 EPS
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)


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

Insider Trades

Insider Trading History 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)


Latest Headlines for QLogic (NASDAQ:QLGC)
News IconReport Published: "PT Bank OCBC NISP Tbk (NISP) - Financial and Strategic SWOT Analysis Review" (NASDAQ:QLGC)
reports.pr-inside.com - November 21 at 12:24 PM
publicnow.com logoCavium and Leading Partners Showcase ThunderX® ARM-based Server Platforms, QLogic® FastLinQ Ethernet Adapters and Fibre Channel HBAs for High Performance Computing at SC16 (NASDAQ:QLGC)
www.publicnow.com - November 15 at 10:45 AM
mysmartrend.com logo27.8% Return Seen to Date on SmarTrend QLogic Call (QLGC) (NASDAQ:QLGC)
www.mysmartrend.com - October 20 at 7:14 PM
publicnow.com logoCavium QLogic Accelerates Software Defined Datacenters with Windows Server 2016 (NASDAQ:QLGC)
www.publicnow.com - September 27 at 11:33 AM
mysmartrend.com logoShares of QLGC Up 27.8% Since Uptrend Call on Shares (NASDAQ:QLGC)
www.mysmartrend.com - September 21 at 11:00 AM
mysmartrend.com logoQLogic Has Returned 27.8% Since SmarTrend Recommendation (QLGC) (NASDAQ:QLGC)
www.mysmartrend.com - September 13 at 11:50 AM
publicnow.com logoQLogic Showcases Multiple Technologies that Simplify and Accelerate Virtualized Server Deployments at VMworld 2016 (NASDAQ:QLGC)
www.publicnow.com - August 30 at 10:17 AM
mysmartrend.com logoQLogic Shares Up 27.8% Since SmarTrend's Buy Recommendation (QLGC) (NASDAQ:QLGC)
www.mysmartrend.com - August 26 at 9:56 AM
finance.yahoo.com logoQLOGIC CORP Financials (NASDAQ:QLGC)
finance.yahoo.com - August 17 at 7:21 PM
thestreet.com logoCavium (CAVM) Stock Price Target Raised at Canaccord Genuity (NASDAQ:QLGC)
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 (NASDAQ:QLGC)
biz.yahoo.com - August 16 at 10:19 AM
publicnow.com logoCavium Completes Acquisition of QLogic (NASDAQ:QLGC)
www.publicnow.com - August 16 at 10:19 AM
publicnow.com logoCavium Closes on Deal to Acquire QLogic (NASDAQ:QLGC)
www.publicnow.com - August 16 at 10:19 AM
stocksdaily.net logoWill QLogic Corporation (NASDAQ:QLGC) Surprise Analysts This Quarter? (NASDAQ:QLGC)
www.stocksdaily.net - August 15 at 7:25 PM
biz.yahoo.com logoQLOGIC CORP Files SEC form 8-K, Change in Directors or Principal Officers (NASDAQ:QLGC)
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 (NASDAQ:QLGC)
finance.yahoo.com - August 15 at 9:12 AM
News IconGaming, Data Centre Strength Propels Nvidia To Another Solid Quarter (NASDAQ:QLGC)
myhealthbowl.com - August 12 at 10:13 AM
rttnews.com logoCooper-Standard Holdings (CPS) Set A New High After S&P Change (NASDAQ:QLGC)
www.rttnews.com - August 11 at 10:17 AM
mysmartrend.com logo24.8% Return Seen to Date on SmarTrend QLogic Call (QLGC) (NASDAQ:QLGC)
www.mysmartrend.com - August 11 at 10:17 AM
finance.yahoo.com logo12:45 pm Index Changes Reminder: Cooper-Standard (CPS (NASDAQ:QLGC)
finance.yahoo.com - August 11 at 10:17 AM
publicnow.com logoQLogic Extends Leadership Role in Further Accelerating Adoption of NVM Express over Fabrics for Fibre Channel and Ethernet (NASDAQ:QLGC)
www.publicnow.com - August 8 at 11:46 AM
capitalcube.com logoQLogic Corp. :QLGC-US: Earnings Analysis: Q1, 2017 By the Numbers : August 5, 2016 (NASDAQ:QLGC)
www.capitalcube.com - August 5 at 7:14 PM
News IconEuclid Advisors LLC Raises Stake in Wynn Resorts Ltd. (WYNN) (NASDAQ:QLGC)
lovingfutbol.com - July 29 at 7:12 PM
investors.com logoHow The EPS Rating Homes In On Superior Profits In The Stock Market (NASDAQ:QLGC)
www.investors.com - July 28 at 1:25 PM
tmcnet.com logoQLogic Reports First Quarter Results for Fiscal 2017 (NASDAQ:QLGC)
www.tmcnet.com - July 26 at 7:24 PM
nasdaq.com logoQLogic Corp. Q1 Income Advances 51% (NASDAQ:QLGC)
www.nasdaq.com - July 26 at 7:24 PM
sg.finance.yahoo.com logoQLogic beats 1Q profit forecasts (NASDAQ:QLGC)
sg.finance.yahoo.com - July 26 at 5:47 PM
capitalcube.com logoQLogic Corp. :QLGC-US: Earnings Analysis: 2016 By the Numbers : July 25, 2016 (NASDAQ:QLGC)
www.capitalcube.com - July 25 at 9:42 AM
capitalcube.com logoETF’s with exposure to QLogic Corp. : July 21, 2016 (NASDAQ:QLGC)
www.capitalcube.com - July 21 at 2:24 PM
streetinsider.com logoCavium (CAVM) Begins Cash, Stock Exchange Offer for QLogic (QLGC) (NASDAQ:QLGC)
www.streetinsider.com - July 14 at 10:38 AM
publicnow.com logoCavium, Inc. Commences Exchange Offer to Acquire QLogic Corporation (NASDAQ:QLGC)
www.publicnow.com - July 13 at 5:38 PM
live-pr.com logoQLogic Corporation (QLGC) - Financial and Strategic SWOT Analysis Review - New Study Released (NASDAQ:QLGC)
www.live-pr.com - July 2 at 9:45 AM
4-traders.com logoLyft hires investment bank Qatalyst Partners: WSJ (NASDAQ:QLGC)
www.4-traders.com - June 28 at 11:50 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. (NASDAQ:QLGC)
finance.yahoo.com - June 21 at 4:34 PM
publicnow.com logoQLogic Extends Gen 6 32Gb Fibre Channel Market Leadership and Industry Adoption (NASDAQ:QLGC)
www.publicnow.com - June 21 at 9:19 AM
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 (NASDAQ:QLGC)
finance.yahoo.com - June 20 at 6:02 PM
News IconOvernight Markets: Wall Street rebounds as odds on Brexit decline (NASDAQ:QLGC)
citywire.co.uk - June 18 at 11:09 AM
finance.yahoo.com logoSHAREHOLDER UPDATE: Brodsky & Smith, LLC Announces an Investigation of the Board of Directors of QLogic Corporation - QLGC (NASDAQ:QLGC)
finance.yahoo.com - June 17 at 9:36 PM
feeds.benzinga.com logoD.A. Davidson Says Cavium Got QLogic For A Fair Price (NASDAQ:QLGC)
feeds.benzinga.com - June 17 at 5:19 PM
capitalcube.com logoQLogic Corp. – Value Analysis (NASDAQ:QLGC) : June 17, 2016 (NASDAQ:QLGC)
www.capitalcube.com - June 17 at 12:18 PM
finance.yahoo.com logoRyan & Maniskas, LLP Announces Investigation of QLogic Corp. (NASDAQ:QLGC)
finance.yahoo.com - June 17 at 10:45 AM
morningstar.co.uk logoStocks Climb Off Worst Levels But Remain Firmly Negative - US Commentary (NASDAQ:QLGC)
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 (NASDAQ:QLGC)
blogs.barrons.com - June 16 at 7:15 PM
fool.com logoWhy Korn/Ferry International, Tetra Technologies, and Cavium Slumped Today (NASDAQ:QLGC)
www.fool.com - June 16 at 6:08 PM
fool.com logoWhy Shake Shack, Viacom, and QLogic Jumped Today (NASDAQ:QLGC)
www.fool.com - June 16 at 5:47 PM


What is QLogic's stock symbol?

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

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

4 brokers have issued 12 month price objectives for QLogic's stock. Their predictions range from $15.00 to $16.00. On average, they expect QLogic's share price to reach $15.50 in the next twelve months.

When will QLogic announce their earnings?

QLogic is scheduled to release their next quarterly earnings announcement on Thursday, October, 20th 2016.

What are analysts saying about QLogic stock?

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

  • 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)

  • 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)

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.

QLogic (NASDAQ:QLGC) Chart for Friday, February, 24, 2017

Institutional Ownership Chart

Institutional Ownership by Quarter for QLogic (NASDAQ:QLGC)

Earnings History Chart

Earnings by Quarter for QLogic (NASDAQ:QLGC)

Dividend History Chart

Dividend Payments by Quarter for QLogic (NASDAQ:QLGC)

Last Updated on 2/24/2017 by MarketBeat.com Staff