SmallCapReview Initiates Coverage of QLogic Corporation
2013-01-15 15:28:28 - SmallCapReview.com, A leading site for news and information on small caps, penny stocks and microcaps is adding QLogic Corporation (Nasdaq: QLGC) to its list of stocks "On the Radar".
QLogic Corp (QLGC) is a global leader and technology innovator in high performance networking, delivering adapters, switches, routers and ASICs that power today’s data, storage and server networks for leading Global 2000 corporations.
The company delivers a broad range and diverse portfolio of networking products that include Converged Network Adapters for the emerging Fibre Channel over Ethernet (FCoE) market, Ethernet adapters,
Fibre Channel adapters and switches and iSCSI adapters and routers.
QLogic products are powering solutions from today’s leading technology providers such as Cisco, Dell, EMC, HP, IBM, NetApp and Oracle, and are delivered to small-to-medium sized businesses and large enterprises globally through a comprehensive network of channel partners.
QLGC Investor Highlights
Announced it expects to report net revenue of approximately $119 million for the third quarter of fiscal 2013. The expected net revenue exceeds the high end of the previously forecasted third quarter net revenue range of $112 million to $118 million.
Anticipates reporting GAAP income from continuing operations per diluted share for the third quarter of fiscal 2013 in the range of $0.14 to $0.15. On a non-GAAP basis, the Company expects to report income from continuing operations per diluted share in the range of $0.19 to $0.20, above the previously forecasted range of $0.14 to $0.19 per diluted share.
Expanded its highly successful Signature Partner Program, a CRN 5-Star Partner Program, with the addition of the Advanced Solutions Partner tier.
Announced that it has been selected as a provider of 16Gb Fibre Channel connectivity for HP ProLiant Gen8 servers and HP ProLiant G7 servers, and adapter solutions for HP 3PAR StorServ Storage, part of the HP Converged Storage portfolio.
Announced its 16Gb and 8Gb Fibre Channel adapters outperform the competition according to the December 2012 Fibre Channel HBA Evaluation report issued by Demartek.
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