Analyst Ratings for QLogic Corporation (QLGC)

Updated: 2016-08-14

A number of analysts gave price targets for QLGC. The highest price target was 15, which equates to a potential upside of -6.48 percent. The lowest price target was 14, implying a possible loss 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. The average change in earnings estimates over the last 90 days is -0.63 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 3.35 percent, as compared to a month ago. 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. 2 analysts have revised their quarterly estimates upwards in the past 30 days, while 1 analysts revised their estimates downwards. 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.

Analysts estimate earnings of QLGC to grow at a rate of 9.85 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. PEG ratios below 1 are often considered desirable, although it is frequently more appropriate to compare PEG ratios to the company's peers. 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. Currently the stock is 82.07 percent higher than its low, and 0.06 percent below the 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.