Analyst Ratings for QLogic Corporation (QLGC)

Updated: 2016-08-14

Investment analysts gave a few price targets for QLGC. The maximum price target given was 15, which equates to a potential upside of -6.48 percent. The minimum price target given was 14, implying potential capital losses of -12.72 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.

Analysts have revised their earnings estimates downwards for this quarter, by about -0.63 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is -0.63 percent. Meanwhile, fiscal year estimates have been revised upwards by 3.35 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 3.35 percent.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 2 analysts increased their quarterly estimates, while 1 analysts made negative revisions. Also over the last month, 2 analysts increased their estimates for the FY earnings, compared to 1 analysts that revised their FY estimates downwards.

Analysts estimate earnings of QLGC to grow at a rate of 9.85 percent. Another measure frequently examined by investors is the PEG ratio. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, but many choose to perform ratio comparisons with other companies in the industry. QLGC has a PEG ratio of 2.21.

In the trailing 52-weeks, QLGC hit 16.05 at the highest peak, while it's lowest trading point was 8.81. Today's price is 82.07 percent above the 52-week low, and 0.06 percent lower than its 52-week high. QLGC has a price/earnings ratio of 21.75. Investors typically compare the P/E ratio to a company's peers in the industry. The QLGC value stock report compares QLGC to some of its peers using value stock charts. The market cap of QLGC is $1.37 billion. QLGC is estimated to release their earnings results for the quarter on 2016-10-20, days from today.