QLogic Co. (NASDAQ:QLGC) will be releasing its Q316 earnings data after the market closes on Thursday, January 28th. Analysts expect QLogic to post earnings of $0.26 per share and revenue of $117.60 million for the quarter.

A number of equities analysts recently commented on QLGC shares. Argus boosted their target price on shares of QLogic from $14.00 to $16.00 and gave the stock a “buy” rating in a research note on Tuesday, October 27th. Zacks Investment Research upgraded shares of QLogic from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research note on Sunday, January 17th. TheStreet downgraded shares of QLogic from a “buy” rating to a “hold” rating in a research note on Wednesday, January 6th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $11.00 target price on shares of QLogic in a research note on Friday, October 23rd. Six analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $13.85.

QLogic Co. (NASDAQ:QLGC) opened at 11.97 on Wednesday. The stock has a market cap of $1.00 billion and a price-to-earnings ratio of 27.84. The company has a 50 day moving average price of $11.98 and a 200 day moving average price of $11.26. QLogic Co. has a 52 week low of $8.37 and a 52 week high of $15.93.

QLogic Corporation (NASDAQ:QLGC) designs and supplies server and storage networking connectivity products that provide and manage computer data communication. These products facilitate the transfer of data and enable resource sharing between servers, networks and storage. The Company’s products are used in enterprise, managed service provider, consumer Web, and cloud service provider data centers, along with other environments dependent on data networking. It offers products in two categories: Advanced Connectivity Platforms and Legacy Connectivity Products. The advanced Connectivity Platforms consist primarily of adapters and application-specific integrated circuits (ASICs) for server and storage connectivity applications. The legacy Connectivity Products consist primarily of Fiber Channel switch products. The Company’s products are based primarily on Fiber Channel and Ethernet technologies and are used in connection with storage networks, local area networks, and converged networks.

12 Month Chart for NASDAQ:QLGC

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