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. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
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. Over the past 30 days, FY earnings estimates have also changed upwards by 3.35 percent. If we look at the last 90 days instead, we find a net average change of 3.35 percent in FY estimates.
People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 2 analysts increased their quarterly estimates, which can be compared to the 1 analysts that decreased their estimates. Over the same time period, 2 analysts revised their FY earnings estimates upwards, compared to 1 analysts that revised their FY estimates downwards.
The growth rate of QLGC's earnings is estimated by analysts to be 9.85 percent. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. 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. The PEG ratio of QLGC is 2.21.
QLGC has traded between a high of 16.05 and a low of 8.81 over the past year. Today's price is 82.07 percent above the 52-week low, and 0.06 percent below the high. QLGC has a P/E 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.