QLogic Corp. Rating Reiterated by Lazard Capital Markets (QLGC)
QLogic Corp. (NASDAQ:QLGC)‘s stock had its “neutral” rating restated by research analysts at Lazard Capital Markets in a report released on Friday, AnalystRatings.Net reports.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of QLogic Corp. in a research note to investors on Friday, October 4th. They now have a $11.00 price target on the stock. Analysts at Barclays initiated coverage on shares of QLogic Corp. in a research note to investors on Wednesday, September 11th. They set an “overweight” rating and a $14.00 price target on the stock. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company’s stock. QLogic Corp. has an average rating of “Hold” and an average price target of $11.38.
Shares of QLogic Corp. (NASDAQ:QLGC) traded up 9.79% on Friday, hitting $11.835. 1,358,917 shares of the company’s stock traded hands. QLogic Corp. has a one year low of $8.63 and a one year high of $12.92. The stock’s 50-day moving average is $11.10 and its 200-day moving average is $10.70. The company has a market cap of $1.038 billion and a P/E ratio of 19.15.
QLogic Corp. (NASDAQ:QLGC) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.19 by $0.04. The company had revenue of $112.60 million for the quarter, compared to the consensus estimate of $112.06 million. During the same quarter in the prior year, the company posted $0.18 earnings per share. The company’s quarterly revenue was down 4.5% on a year-over-year basis.
QLogic Corporation designs and supplies network infrastructure products that provide and manage computer data communication.
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