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Purchasing QLGC - QLogic Corporation
QLGC
+49.72%
in
802 days
In a follow-up to my previous post, I’ve purchased 500 shares of QLogic Corporation (QLGC: 12.52 -1.73%, vol: 614,030) at $12.65. I intend to purchase an additional 1000 shares at my original target price under $12.50. Copyright © 2007 Raw Greed Stock Blog, Fundamental Investing Through Speculation and Greed. This Feed is for personal non-commercial [...]
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QLGC - QLogic Corporation, Another Undervalued Stock Pick
QLGC
+1.33%
in
3 days
(closed on 09/11/07)
By now, Raw Greed readers know what I like to see in an investment. I’ve formed an investment strategy around Joel Greenblatt’s primary statistics for finding undervalued investments. I like to see cash rich, no debt, high ROE and ROA companies. Today, I’ve added QLogic Corporation (QLGC: 12.74 -1.55%, vol: 1,931,632) as one of my [...]
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QLGC pullback to support
QLGC
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-10.38%
in
1044 days
It just finished pulling back to major support on weekly charts and possibly ready for more upside. Long here with first target at 23 and possibly more. Stop is under 20.30.
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From the Blogosphere
HP/3Com Deal Bursts Networking Equipment Speculation Bubble
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Last night’s surprising news that Hewlett-Packard (HPQ) is buying 3Com (COMS) for $7.90 a share has sent far-reaching ripples through the networking equipment sector. The Street sees largely negative ramifications for other players in the industry, and they fall into three categories. <><>Competitive issues: This deal makes HP a more formidable player in networking, and in particular targets Cisco (CSCO), which itself had jumped into the server market earlier in the year. In effect, the server, software, service and networking segme...
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QLogic FY Q2 Revs, Profits Top Consensus
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QLogic (QLGC) this afternoon posted revenue for its fiscal second quarter ended September 27 of $131.5 million, down from $171.2 million a year ago, but up 7% sequentially and above the Street at $125.7 million. Per-share non-GAAP profits of 21 cents a share beat the Street by three cents.
In late trading, QLGC is down 13 cents, or 0.7%, to $17.95.
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Hardware: Morgan Stanley Upgrades LXK, QLGC; Downgrades IBM, DELL, TDC
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Morgan Stanley hardware analyst Kathryn Huberty this morning raised her stance on the hardware sector to Attractive from In Line, in anticipation that earnings will normalize in 2010 “on the back of a return to revenue growth and related operating leverage.” As part of the move, Huberty shuffled ratings and price targets for a number of stocks: <><>IBM (IBM): To Equal Weight from Overweight; but she raised her target to $145, from $116. She writes that the stock can move towards a valuation of 2x sales, in line with enterprise software stocks, but that “the re-rating may take time especially <><><><><><><><><><><><><><><><><><><><><><><>< /><>< /><>< /><>< /><>< />< />...
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QLogic Rises As RBC Capital Turns Bullish, Ups Target
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RBC Capital analyst Amit Daryanani this morning raised his rating on QLogic (QLGC) to Outperform from Sector Perform, lifting his price target to $17, from $15. The stock closed yesterday at $13.37. Daryanani expects the storage networking company to benefit from a number of tailwinds in the months ahead: <>September quarter guidance looks conservative, calling for sequential revenue growth to be flat to up 3%. Over the past five September quarters, average growth has been 3%.Earnings comps getting easier.<>Intel refresh of server processors with Nehalem line should spur adoption of faster and mo...
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Festival of Stocks #150
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This week we have the honor of hosting the 150th edition of the Festival of Stocks. According to the festival’s original sponsor, ValueInvestingNews, “The Festival of Stocks is a blog carnival dedicated to highlighting bloggers’ best articles on stock market related topics. This will include research and commentary on specific stocks, industry analysis, ETFs, REITs, stock derivatives, and other related topics.” This is the second time ModernGraham has hosted the festival, and we are looking forward to hosting it again in the future. <>Before I get to this week’s submissions from so<><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><>< /><><><><><><><><><><><><><>< />< /><>< /><><>< /><>< />< />...
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About QLogic Corp.
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