Critical Comparison: QLogic (QLGC) vs. Its Competitors
QLogic (NASDAQ: QLGC) is one of 31 publicly-traded companies in the “Computer Hardware” industry, but how does it weigh in compared to its peers? We will compare QLogic to related companies based on the strength of its risk, valuation, dividends, earnings, profitability, analyst recommendations and institutional ownership.
Earnings & Valuation
This table compares QLogic and its peers gross revenue, earnings per share and valuation.
|Gross Revenue||EBITDA||Price/Earnings Ratio|
|QLogic Competitors||$21.04 billion||$4.38 billion||20.36|
QLogic’s peers have higher revenue and earnings than QLogic. QLogic is trading at a higher price-to-earnings ratio than its peers, indicating that it is currently more expensive than other companies in its industry.
Insider & Institutional Ownership
62.0% of shares of all “Computer Hardware” companies are owned by institutional investors. 13.9% of shares of all “Computer Hardware” companies are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.
This table compares QLogic and its peers’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
This is a breakdown of current ratings and recommmendations for QLogic and its peers, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
As a group, “Computer Hardware” companies have a potential downside of 4.70%. Given QLogic’s peers higher probable upside, analysts clearly believe QLogic has less favorable growth aspects than its peers.
Volatility and Risk
QLogic has a beta of 1.11, meaning that its stock price is 11% more volatile than the S&P 500. Comparatively, QLogic’s peers have a beta of 1.29, meaning that their average stock price is 29% more volatile than the S&P 500.
QLogic peers beat QLogic on 6 of the 8 factors compared.
QLogic Company Profile
QLogic 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.
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