Analyst Ratings for QLogic Corporation (QLGC)Updated: 2016-08-14
QLGC was given price targets by several analysts. The highest price target was 15, implying a possible profit of -6.48 percent. The most pessimistic analyst gave a price target of 14, which equates to a potential downside of -12.72 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -0.63 percent. The average change in earnings estimates over the last 90 days is -0.63 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 3.35 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 3.35 percent.
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, while 1 analysts made negative revisions. During this time, 2 analysts made positive revisions in their estimates for this fiscal year's earnings, 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. 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, though it could be better to see where the ratio stands relative to peers 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. Currently the stock is 82.07 percent higher than its low, and 0.06 percent lower than its 52-week 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 stock has a market capitalization of $1.37 billion. QLGC is estimated to release their earnings results for the quarter on 2016-10-20, days from today.