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Qlogic Corporation (QLGC) [hlAlert]

Rating:
Buy QLGC
down 40.04 %

Qlogic Corporation (QLGC) rated Buy with price target $12 by Needham

Posted on: Friday,  Oct 26, 2012  8:25 AM ET by Needham

Needham rated Buy Qlogic Corporation (NASDAQ: QLGC) on 10/26/2012. Previously Needham rated Buy Qlogic Corporation (NASDAQ: QLGC) on 07/22/2008., when
the stock price was $16.78. Since then, Qlogic Corporation has lost 40.05% as of 01/22/2016's recent price of $10.06.
If you would have followed the previous Needham's recommendation on QLGC, you would have lost 40.04% of your investment in 2740 days.

QLogic Corporation simplifies the process of networking storage for OEMs, resellers and system integrators with the only end-to-end infrastructure in the industry, consisting of award-winning controller chips, host bus adapters, network switches and management software to move data from the storage device through the fabric to the server. QLogic designs and produces solutions based on all storage network technologies including SCSI, iSCSI, InfiniBand and Fibre Channel. A member of the S&P 500 Index.

Needham & Company, LLC focuses on emerging growth companies in technology, biotechnology and life sciences. The firm's research goal is to service the needs of growth-oriented institutional clients. Needham & Company has established itself as a premier specialty investment bank providing timely and valuable analysis on companies that are under-covered by the majority of Wall Street firms.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/26/2012 8:25 AM Buy
None
9.53 12.00
as of 12/31/2012
1 Week down  -0.51 %
1 Month up  2.63 %
3 Months down  -14.79 %
1 YTD down  -35.13 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/4/2012 8:25 AM Buy
None
15.12 19.00
3/9/2012 8:25 AM Buy
None
17.39 21.00
1/27/2012 12:25 PM Buy
None
17.93 19.00
10/28/2011 2:25 PM Buy
None
14.41 16.00
10/22/2009 8:25 AM Buy
None
18.55 22.00
1/27/2009 9:25 AM Buy
None
12.19 15.00
7/22/2008 9:25 AM Buy
None
16.78 20.00
7/30/2007 9:25 AM Hold
None
13.76

(*) Stock Price at the time of the recommendation.
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