Critical Survey: QLogic Corporation (QLGC) vs. Its Peers
QLogic Corporation (NASDAQ: QLGC) is one of 32 public companies in the “Computer Hardware” industry, but how does it compare to its peers? We will compare QLogic Corporation to similar companies based on the strength of its earnings, profitability, dividends, risk, analyst recommendations, institutional ownership and valuation.
Valuation & Earnings
This table compares QLogic Corporation and its peers revenue, earnings per share (EPS) and valuation.
|Gross Revenue||NetIncome||Price/Earnings Ratio|
|QLogic Corporation Competitors||$25.85 billion||$3.34 billion||486.10|
QLogic Corporation’s peers have higher revenue and earnings than QLogic Corporation. QLogic Corporation is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.
This is a breakdown of recent recommendations for QLogic Corporation and its peers, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|QLogic Corporation Competitors||288||1522||3264||118||2.62|
As a group, “Computer Hardware” companies have a potential upside of 5.42%.
This table compares QLogic Corporation and its peers’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|QLogic Corporation Competitors||3.81%||10.84%||5.95%|
Insider & Institutional Ownership
61.8% of shares of all “Computer Hardware” companies are owned by institutional investors. 13.9% of shares of all “Computer Hardware” companies are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.
QLogic Corporation peers beat QLogic Corporation on 4 of the 6 factors compared.
About QLogic Corporation
QLogic Corporation (QLogic), designs and supplies server and storage networking connectivity products that provide and manage computer data communication. The Company’s products facilitate the transfer of data and enable resource sharing between servers, networks and storage. Its products are used in enterprise, managed service provider, consumer Web, and cloud service provider data centers. Its products are based primarily on Fiber Channel and Ethernet technologies and are used in connection with storage networks, data networks and converged networks. Storage networks are used to provide access to storage across enterprise environments. Fibre Channel is a technology for enterprise storage networking. Data networks are used to provide workstation-to-server, server-to-server, and server-to-storage connectivity using Ethernet. Converged networks are designed to address the data center by consolidating and unifying storage and data networks, using high-speed Ethernet.
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