Emulex Corp. (ELX) Scheduled to Post Quarterly Earnings on Wednesday
Emulex Corp. (NYSE:ELX) is scheduled to be announcing its Q114 earnings results on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.10 per share and revenue of $111.60 million for the quarter. Emulex Corp. has set its Q1 guidance at $0.09-0.11 EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.
Emulex Corp. (NYSE:ELX) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.02. The company had revenue of $120.40 million for the quarter, compared to the consensus estimate of $119.74 million. During the same quarter in the previous year, the company posted $0.26 earnings per share. The company’s revenue for the quarter was down 6.7% on a year-over-year basis. On average, analysts expect Emulex Corp. to post $0.55 EPS for the current fiscal year and $0.63 EPS for the next fiscal year.
Shares of Emulex Corp. (NYSE:ELX) opened at 7.56 on Tuesday. Emulex Corp. has a 1-year low of $5.72 and a 1-year high of $8.99. The stock’s 50-day moving average is $7.63 and its 200-day moving average is $6.89. The company’s market cap is $691.0 million.
A number of research firms have recently commented on ELX. Analysts at Lazard Capital Markets reiterated a “buy” rating on shares of Emulex Corp. in a research note to investors on Friday, September 20th. On the ratings front, analysts at Craig Hallum upgraded shares of Emulex Corp. from a “hold” rating to a “buy” rating in a research note to investors on Friday, September 20th. Finally, analysts at Barclays initiated coverage on shares of Emulex Corp. in a research note to investors on Wednesday, September 11th. They set an “equal weight” rating and a $8.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company’s stock. Emulex Corp. currently has a consensus rating of “Hold” and a consensus target price of $7.21.
Emulex Corporation (NYSE:ELX) is a provider of a range of network convergence solutions that connect servers, storage, and networks within the data center.
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