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Enter Symbol:
 
Emulex Corporation (ELX) [hlAlert]

Rating:
Underweight
ELX
down 34.16 %

Emulex Corporation (ELX) rated Underweight with price target $6 by Barclays

Posted on: Monday,  Aug 4, 2014  12:00 AM ET by Barclays

Barclays rated Underweight Emulex Corporation (NYSE: ELX) on 08/04/2014, when the stock price was $5.26. Since
then, Emulex Corporation has gained 51.90% as of 05/05/2015's recent price of $7.99.
If you would have followed this Barclays's recommendation on ELX, you would have lost 34.16% of your investment in 274 days.

Emulex Corporation (Emulex) is a provider of a range of storage networking infrastructure solutions that connect servers, storage and networks within the data center. The Company?s product portfolio includes host bus adapters (HBAs), converged network adapters (CNAs), mezzanine cards for blade servers, and embedded storage bridges, routers, switches and input/output controllers (IOCs). The Company?s host server products (HSP) include both fiber channel-based connectivity products and enhanced Ethernet-based products that support Internet protocol (IP) and storage networking, including transmission control protocol (TCP)/IP, Internet small computer system interface (iSCSI), network attached storage (NAS), IOC solutions, and fibre channel over Ethernet (FCoE). The Company?s fibre channel-based products include LightPulse, HBAs, custom form factor solutions for original equipment manufacturer (OEM) blade servers and application specific integrated circuits (ASIC).

Barclays
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/4/2014 12:00 AM Sell
None
5.26 6.00
as of 10/17/2014
1 Week down  -17.93 %
1 Month up  2.59 %
3 Months   
1 YTD   

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