ELX (EMULEX CORP)
All Pro Portfolios with ELX

People owning ELX also tend to own:: DNADWGLWINLVLTINSPNVS

All Do-It-Yourself Portfolios with ELX
  • News For Selected Stock
  • Related stories on theStreet.com
  • videos related to etf's
  • No videos found
  •  
  • blogs related to etf's
  • No blogs found
  •  

Why I Love This Stock

By:Pro

Date:11 30 -1

3 Stocks I Saw on TV: Dan Fitzpatrick examines three stocks viewed on Fast Money. Today's stocks include Hess Corp., McDermott and Emulex.
Click here to watch the video.

Not yet rated
Rate now:

By:thewookie

Date:03 10 09

Storage has been out of favor for way too long, since the last bear market.

Not yet rated
Rate now:

By:Bryan Thomas

Date:02 22 09

Have made good money over past years

Not yet rated
Rate now:

By:sarah z

Date:08 13 08

Emulex Corp. is expanding a stock repurchase plan to help boost its shares as the data storage networking supplier battles a sales slowdown.

The Costa Mesa, Calif.-based company said last Thursday that its board has allotted another $100 million for buying back Emulex's shares. The company had already committed to spending about $40 million to acquire its stock during the current quarter ending in September.

Emulex made the commitment on the same day that it suffered a $50.4 million loss in the fourth quarter while its revenue eroded by 11 percent to $112.8 million. Management expects the company's revenue to fall below analyst estimates in the current quarter.

Analyst Paul Mansky raised his rating on Emulex shares to "Buy" from "Sell," and increased his price target to $16 per share from $10. He also placed Emulex shares on his Top Picks Live list, a portfolio of recommended stocks.

Mansky said Emulex should be able to clear its inventory of adapters in the next few months, and will work to increase its market share in bladed servers.

The rally came in spite of a weak outlook for Emulex, as its profit and revenue forecast did not reach Wall Street's estimates.

Not yet rated
Rate now:

By:Pro

Date:11 30 -1

Citigroup downgraded two storage stocks. EMC (EMC) was downgraded form Buy to Hold, Citigroup said. The rating on Emulex (ELX) was also cut to Sell, as channel checks show that storage spending broadly slowed down in March and into April.

Not yet rated
Rate now:

By:Pro

Date:11 30 -1

Emulex (ELX) was downgraded to Market Perform, Wachovia said. Estimates also cut, as company may guide lower at its first quarter report. Checks show to slowing demand at key customers.

Not yet rated
Rate now:

By:Pro

Date:11 30 -1

Emulex (ELX) was upgraded from Market Perform to Outperform, Friedman, Billings Ramsey said. $25 price target. Stock offers attractive upside potential, especially relative to QLGC.

Not yet rated
Rate now:

By:Pro

Date:11 30 -1

Emulex (ELX) was downgraded to Market Perform, Friedman, Billings Ramsey said. Stock has passed the $22 price target, and is already pricing in solid results through the end of the year.

Not yet rated
Rate now:

By:Pro

Date:11 30 -1

Friedman, Billings, Ramsey said it is upgrading Emulex (ELX) to Outperform. The company guided the September quarter below consensus due to inventory build up by two large customers. This inventory will now be factored into estimates. $22 price target.

Not yet rated
Rate now:

By:Pro

Date:11 30 -1

Downgraded by RBC Capital Mkts from Outperform to Sector Perform

Not yet rated
Rate now:

Why I Hate This Stock

By:jgabriele

Date:06 22 07

took a beating

Not yet rated
Rate now:

By:Zack411

Date:06 03 07

--emulex

Not yet rated
Rate now:
Add Your Comments  
Stock ELX
Allowed HTML tags: <a><b><i><img>
  Login to post your comments
'Fast Money' Portfolios of the Week

By Roberto Pedone Posted on Nov. 12, 2009 According to CNBC’s “Fast Money” traders, stocks continued to move higher this week, maintaining their strength off the ...

11.12.09 | 11:44 AM
Squeezing the Shorts: Large-Cap ...

By Jonas Elmerraji Posted on Nov. 11, 2009 Recently we put our short-squeeze focus on smaller stocks; this week we’re going large-cap. With higher trading volumes, mo...

11.11.09 | 15:19 PM
Dividend Stocks for the Week

By Jonas Elmerraji Posted on Nov. 10, 2009 After six straight days of gains, the markets are taking a breather today, which gives us the chance to focus our attention b...

11.10.09 | 15:04 PM
This Week's 'Barron's' Roundup

By Roberto Pedone Posted on Nov. 9, 2009 Financial-Services Bull: Barron’s talks with Anton Schutz, portfolio manager at the Burnham Financial Industries Fund (BURFX)...

11.09.09 | 11:01 AM
more articles
General market Technical Analysi...
11.14.07 | 22:55 PM From author ZA
Nymph's Trading Daily Trading Diary
04.13.09 | 01:10 AM From author Trading Nymph
The Presidential/Political Thread
01.02.08 | 08:05 AM From author Dave Cox
Wealth distribution by race and ...
11.23.08 | 18:44 PM From author Valerie J
more forums
Q. whose taking profits today (from...
11.12.09 | 15:29 PM Asked by fine tune your disciplines

A. A 22% gain in one day on AMD is not too
shabby. If I owned it, I would take my
profits now.

today 's lists
TheStreet.com TV Videos

These are some of the stocks mentioned on TheStreet.com TV on Sept. 2. Click the URL below each stock to watch the videos. more

Analyst Downgrades

Analyst Downgrades for Nov. 2, 2009. Read more here. more

52-Week Highs

Here are some of the biggest stocks that made the 52-week high list on Nov. 2, 2009. more