Last $13.36 USD
Change Today +0.67 / 5.28%
Volume 4.3M
QLGC On Other Exchanges
Symbol
Exchange
NASDAQ GS
Stuttgart
As of 8:10 PM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

qlogic corp (QLGC) Snapshot

Open
$13.96
Previous Close
$12.69
Day High
$14.20
Day Low
$12.95
52 Week High
01/30/15 - $14.20
52 Week Low
08/22/14 - $8.70
Market Cap
1.2B
Average Volume 10 Days
1.2M
EPS TTM
$0.36
Shares Outstanding
88.1M
EX-Date
--
P/E TM
36.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for QLOGIC CORP (QLGC)

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qlogic corp (QLGC) Details

QLogic Corporation designs and supplies high performance server and storage networking infrastructure products that provide, enhance, and manage computer data communication. Its products facilitate the transfer of data and enable resource sharing between servers, networks, and storage. The company offers advanced connectivity platforms comprising adapters and application-specific integrated circuits for server and storage connectivity applications; and legacy connectivity products consisting of fiber channel switch products and 1Gb Internet small computer systems interface products. Its products are used in enterprise data centers, cloud computing, Web 2.0, and other environments. The company sells its products to original equipment manufacturers and distributors worldwide. QLogic Corporation was founded in 1992 and is headquartered in Aliso Viejo, California.

1,044 Employees
Last Reported Date: 05/23/14
Founded in 1992

qlogic corp (QLGC) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $342.3K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $776.0K
Senior Vice President and General Manager of ...
Total Annual Compensation: $394.0K
Compensation as of Fiscal Year 2014.

qlogic corp (QLGC) Key Developments

QLogic Corp. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 28, 2014

QLogic Corp. announced unaudited consolidated earnings results for the third quarter and nine months ended December 28, 2014. Net revenue for the third quarter of fiscal 2015 was $140.2 million and increased 17% from $119.4 million in the same quarter last year. Net income on a GAAP basis for the third quarter of fiscal 2015 increased to $22.4 million or $0.25 per diluted share from $20.6 million or $0.24 per diluted share for the third quarter of fiscal 2014. Net income on a non-GAAP basis for the third quarter of fiscal 2015 increased 24% to $31.6 million, or $0.36 per diluted share, from $25.6 million, or $0.29 per diluted share, for the third quarter of fiscal 2014. The GAAP and non-GAAP net income per diluted share amounts for the third quarter of fiscal 2015 include the benefits associated with the retroactive reinstatement of the federal research tax credit, which contributed $0.04 to net income per diluted share. Operating income was $23.7 million against $20.3 million for the comparable period last year. The company generated a $37.4 million of cash from operations. Income from continuing operations before income taxes was $21.3 million against $15.3 million for the same period a year ago. Income before income taxes was $23.4 million against $21.3 million for the same period a year ago. Total non-GAAP adjustments before income taxes were $10.230 million against $7.2 million for the comparable period last year. Non-GAAP operating income was $33.9 million. For the nine months, the company reported net income of $39.4 million or $0.45 basic and diluted income per share on net revenues of $387.15 million compared to net income of $28.5 million or $0.32 basic and diluted income per share on net revenues of $345.2 million for the corresponding period last year. Operating income was $42.6 million against $30.4 million for the comparable period last year. Net cash provided by operating activities was $37.3 million against $78 million of prior year period. Purchases of property and equipment were $15.4 million against $21 million of prior year period. Income from continuing operations before income taxes was $32.2 million against $50.4 million for the same period a year ago. Income before income taxes was $42.8 million against $32.2 million for the same period a year ago. Non-GAAP net income was $72.1 million or $0.45 diluted income per share against $62.0 million or $0.32 diluted income per share for the same period a year ago. Total non-GAAP adjustments before income taxes were $36.3 million against $37.1 million for the comparable period last year.

QLogic Corp. and Broadcom Corporation to Demonstrate End-to-End Interoperability for 25Gb and 100Gb Ethernet

QLogic Corp. announced the demonstration of the 25Gb and 100Gb Ethernet solution. Developed in collaboration with Broadcom Corporation, the platform combines Broadcom's high-performance StrataXGS® Tomahawk™ Switch Series and QLogic'scLOM8514 next-generation Ethernet controller, marking the cross-vendor interoperability of 25Gb and100Gb Ethernet switches and controllers. Supporting 10/25/40/100Gb Ethernet port speeds, the combination of the Broadcom® StrataXGS Tomahawk switch and the QLogic® cLOM8514 controller is able to address all next-generation server and storage to top-of-rack connectivity requirements in the data center. 25Gb and 100Gb Ethernet are complementary interconnect technologies for the next-generation data center. Both specifications leverage a common 25Gbps per-lane signaling scheme, with 25GbE utilizing one lane and 100GbE utilizing four lanes. 100Gb Ethernet is a released IEEE standard today; 25Gb Ethernet is an emerging standard, initiated via the 25 Gigabit Ethernet Consortium and now an approved project within the IEEE (802.3by). 25Gb Ethernet provides 2.5X the performance of 10Gb Ethernet (10GbE) on a single lane of copper making it a cost-effective upgrade to 10GbE infrastructure, while 100Gb Ethernet provides the absolute high performance for the most demanding applications.

Hart Solution Implements QLogic 3400 Series Intelligent Ethernet Adapters

QLogic Corp. announced that Hart Solution Inc. has implemented QLogic 3400 Series Intelligent Ethernet Adapters and accelerated application performance by up to 10X. In parallel, Hart has achieved cost-effective scalability while significantly reducing deployment costs in their big data environment. Upon deploying QLogic 3400 Series Intelligent Ethernet Adapters, patient information queries that had been requiring up to two minutes were completed within seconds, allowing near real-time application response. At the same time, infrastructure deployment costs dropped from $180,000-$200,000 per rack to $150,000 per rack, with time-to-deployment reduced by 40%.

 

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QLGC

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Valuation QLGC Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 2.3x
Price/Book 1.6x
Price/Cash Flow NM Not Meaningful
TEV/Sales 1.8x
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