Latest News

Zacks Analyst Blog Highlights: QLogic, Noble Energy, CommScope, Emulex and Broadcom

CHICAGO Jan. 17, 2011 QLogic Corp. QLGC Noble Energy Inc . NBL CommScope Inc . CTV Emulex Corp. ELX Broadcom Corp. BRCM

Here are highlights from Friday’s Analyst Blog:

QLogic Raises 3Q Outlook

QLogic Corp. QLGC

$155 million to $156 million $148 million to 156 million $155 million

$146.5 million

$55 million

41 cents to 42 cents 48 cents to 49 cents 34 cents to 38 cents 30 cents

10 cents

January 27

Second Quarter 2011 Highlights

Second quarter 2011 results (both earnings and revenues) marginally beat the Zacks Consensus Estimates.

$146.5 million $146.0 million 26 cents

The gross margin for the quarter was 66.8%, up 130 basis points from the year-ago quarter, primarily due to increased volume, partially offset by higher manufacturing costs. Gross margin in the quarter exceeded management’s guidance of 65.5% to 66%, primarily due to a favorable product mix.

$53.6 million $52.8 million

$304.0 million $44.6 million $26.6 million $30.6 million

S&P Reshuffling

Noble Energy Inc NBL CommScope Inc CTV $1.8 billion


We continue to maintain a Neutral rating on a long-term basis (6–12 months). We believe that QLogic will benefit from major OEM customer wins and increased focus on its key strategic initiatives over the long term.

Emulex Corp. ELX Broadcom Corp. BRCM

Currently, QLogic has a Zacks #2 Rank, which implies a Buy rating on a short-term basis.

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

About Zacks

Leonard Zacks

Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.


Mark Vickery

Web Content Editor



SOURCE Zacks Investment Research, Inc.

Leave a comment

seks shop - izolasyon
basic theory test book basic theory test