Last $6.26 USD
Change Today -0.49 / -7.26%
Volume 1.8M
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As of 8:04 PM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

emulex corp (ELX) Snapshot

Open
$6.65
Previous Close
$6.75
Day High
$6.65
Day Low
$6.13
52 Week High
03/6/14 - $7.67
52 Week Low
10/10/14 - $4.45
Market Cap
450.2M
Average Volume 10 Days
939.2K
EPS TTM
$-0.12
Shares Outstanding
71.9M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for EMULEX CORP (ELX)

emulex corp (ELX) Related Businessweek News

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emulex corp (ELX) Details

Emulex Corporation provides network connectivity, monitoring, and management products for networks that support enterprise, cloud, government, and telecommunications worldwide. The company operates in two segments, Connectivity and Visibility. Its products enable end-to-end application visibility, optimization, and acceleration in the data center; and portfolio of input/output connectivity offerings consists of Ethernet and fiber channel-based connectivity products. The company’s Ethernet-based products comprise OneConnect converged network adapters and local area network on motherboard application specific integrated circuits, and custom form factor solutions. The company also offers OneConnect 10GbE Network Xceleration solutions, which are designed for enterprise applications, such as financial/high frequency trading network analytics, video content delivery, and leverage kernel bypass operations; and fibre channel based products comprising LightPulse host bus adaptors, and fibre channel application specific integrated circuits. In addition, it provides storage connectivity and other products, including InSpeed switch-on-a-chip and back-end connectivity, bridge, router products, Pilot integrated baseboard management controllers, certain legacy products, and other products and services. Further, the company offers network visibility products, such as EndaceProbe intelligent network recorder, EndaceVision, EndaceODE open application platform, EndaceAccess network visibility head-end system, EndaceFlow netflow generator appliance, and EndaceDAG data capture cards. Emulex Corporation sells its products to original equipment manufacturers, original design manufacturers, and end users, as well as through various distribution channels, including value added resellers, systems integrators, industrial distributors, direct market resellers, and other resellers. The company was founded in 1979 and is headquartered in Costa Mesa, California.

1,122 Employees
Last Reported Date: 08/28/14
Founded in 1979

emulex corp (ELX) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $504.6K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $154.8K
Senior Vice President of Operations
Total Annual Compensation: $291.7K
Senior Vice President of Worldwide Sales
Total Annual Compensation: $339.2K
Compensation as of Fiscal Year 2014.

emulex corp (ELX) Key Developments

Emulex Corporation Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 28, 2014; Provides Earnings Guidance for the Third Quarter Ending March 29, 2015

Emulex Corporation announced unaudited consolidated earnings results for the second quarter and six months ended December 28, 2014. For the quarter, the company announced net revenues of $111,087,000 compared to $122,996,000 for the same period a year ago. Operating income was $8,305,000 compared to operating loss of $1,589,000 for the same period a year ago. Income before income taxes was $5,871,000 compared to loss before income taxes of $2,856,000 for the same period a year ago. Net income was $4,322,000 or $0.06 per basic and diluted share compared to net loss of $4,027,000 or $0.05 per basic and diluted share for the same period a year ago. Non-GAAP net income was $17,829,000 compared to $18,346,000 for the same period a year ago. Non-GAAP diluted earnings per share were $0.24 compared to $0.21 for the same period a year ago. Non-GAAP operating income was $20,146,000 compared to $20,655,000 for the same period a year ago. During the quarter, the company generated $16 million of operating cash flow aided by the company’s GAAP net income, and its working capital finished in line with expectations. For the six months, the company announced net revenues of $214,896,000 compared to $237,828,000 for the same period a year ago. Operating income was $9,438,000 compared to operating loss of $4,841,000 for the same period a year ago. Income before income taxes was $4,253,000 compared to loss before income taxes of $5,954,000 for the same period a year ago. Net income was $3,603,000 or $0.05 per basic and diluted share compared to net loss of $7,668,000 or $0.09 per basic and diluted share for the same period a year ago. Net cash provided by operating activities was $36,892,000 compared to $33,534,000 for the same period a year ago. Investment in property and equipment, net was $9,183,000 compared to $10,006,000 for the same period a year ago. Non-GAAP net income was $28,291,000 compared to $30,735,000 for the same period a year ago. Non-GAAP diluted earnings per share were $0.39 compared to $0.34 for the same period a year ago. Non-GAAP operating income was $33,109,000 compared to $34,128,000 for the same period a year ago. The company provided earnings guidance for the third quarter ending March 29, 2015. For the quarter, the company is forecasting total net revenues in the range of $97 million to $103 million. The company expects third quarter GAAP loss of $0.06 - $0.10 per share. GAAP estimates for the third quarter reflect approximately $0.21 per diluted share in expected charges arising primarily from amortization of intangibles, stock-based compensation, royalties, mitigation expenses and license fees associated with the Broadcom patent litigation, the accretion of debt discount on outstanding convertible senior notes, and the tax effects and the impact of the company’s U.S. GAAP tax valuation allowance associated with these items. The company expects gross margins to be in range, provided the past several quarters of 65% plus or minus 100 basis points depending on mix. Assuming a full year tax rate in the 6% to 8% range and a diluted share count of 73.5 million shares, the company is forecasting non-GAAP earnings for the third quarter in the range of $0.11 to $0.15 per fully diluted share.

Emulex Corporation Provides Preliminary Financial Results for the Second Quarter Ended December 28, 2014

Emulex Corporation provided preliminary financial results for the second quarter ended December 28, 2014. For the second quarter, on a preliminary basis, the company currently expects revenue to be in a range of $110 million to $111 million, with non-GAAP earnings between $0.23 and $0.24 per share and GAAP earnings between $0.04 and $0.05 per share. The company had previously expected revenue within a range of $102 million to $108 million, with non-GAAP earnings between $0.14 and $0.18 per share and GAAP earnings between $0.00 per share and a loss of $0.04 per share, as communicated during its fiscal first quarter earnings call on October 30, 2014.

Emulex Corporation, Q2 2015 Earnings Call, Jan 29, 2015

Emulex Corporation, Q2 2015 Earnings Call, Jan 29, 2015

 

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