QLogic Earnings Call Due in Two Weeks
Networking equipment maker QLogic announced that it will be reporting its results for the first quarter of the 2013 fiscal year on June 26. Here’s the official statement that the company sent out today.
“Following the press release, QLogic will conduct a conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). Simon Biddiscombe, president and chief executive officer, and Jean Hu, senior vice president and chief financial officer, will host the call.”
Last quarter QLogic reported a profit of $29.5 million on revenue of just over $166 million. Earnings didn’t disappoint and managed to beat Wall Street’s consensus forecast of 25 cents with a fair 4 cent lead, but sales declined. The firm reported 7.5 percent more revenue for the same period the year before.
Earlier this week QLogic was flagged by Seeking Alpha as a potentially very profitable long term investment, in light of the hardware market’s recent decline on the stock exchange and the company’s history of consistently beating analysts’ expectations, as well as a few other considerations. Investors will be on the lookout for its Q1 results.
Also this week QLogic had a notable update coming from China. Inspur, one of its OEMs, awarded it with the status of “Supplier of the Year for Support” for being able to beat the manufacturer’s other partners in practically every category. Among these were partner profitability and communications, as well as other things you might expect pertaining to sales, marketing and technical assistance.
Over at the consumer end of the networking industry, Cisco faced some drama earlier this month after customers started complaining about the poorly implemented update it rolled out to a few of its newer home router models.
A message from John Furrier, co-founder of SiliconANGLE:
Your vote of support is important to us and it helps us keep the content FREE.
One click below supports our mission to provide free, deep, and relevant content.
Join our community on YouTube
Join the community that includes more than 15,000 #CubeAlumni experts, including Amazon.com CEO Andy Jassy, Dell Technologies founder and CEO Michael Dell, Intel CEO Pat Gelsinger, and many more luminaries and experts.
THANK YOU