Emulex Corp. (ELX) Scheduled to Post Earnings on Thursday
Emulex Corp. (NYSE:ELX) is set to issue its quarterly earnings data on Thursday, January 30th. Parties interested in registering for the company’s conference call can do so using this link.
Shares of Emulex Corp. (NYSE:ELX) opened at 7.51 on Wednesday. Emulex Corp. has a 52-week low of $5.72 and a 52-week high of $8.99. The stock’s 50-day moving average is $7.18 and its 200-day moving average is $7.5. The company’s market cap is $688.8 million.
A number of research firms have recently commented on ELX. Analysts at Merrill Lynch upgraded shares of Emulex Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, January 16th. On the ratings front, analysts at Bank of America Corp. upgraded shares of Emulex Corp. from an “underperform” rating to a “buy” rating in a research note to investors on Thursday, January 16th. They now have a $8.50 price target on the stock, up previously from $5.75. Finally, analysts at Zacks downgraded shares of Emulex Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, January 14th. They now have a $8.50 price target on the stock. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $7.94.
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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