Emulex Corporation

A recent report by J.P. Morgan recaps the first quarter results for Emulex Corp. (NYSE: ELX) The first quarter results brought good and bad news for Emulex, “March quarter revenues were better than expected, but the gross margin profile was a disappointment.” Morgan explains. Emulex has set a goal...

According to Citi, Emulex (NYSE: ELX) ramping Ethernet business, normalizing Embedded business, and moves to reduce opex via R&D facility consolidation potentially sets the shares up well for late 2011 and into 2012. Citi said that with an opex saving from facility rationalization unlikely to...

Citigroup has lowered the price target on Emulex Corporation (NYSE: ELX) from $13 to $12 and maintains its Hold rating.

Morgan Keegan has published a research report on Emulex Corporation (NYSE: ELX) after reporting December quarter earnings that beat consensus estimates. In the report, Morgan Keegan writes "For the December quarter, ELX reported EPS of $0.15 on revenues of $114.0 million vs street expectations of $...

Morgan Keegan has raised the price target on Emulex Corporation (NYSE: ELX) from $10 to $13.50 and maintains its Market Perform rating.

Emulex Corporation (NYSE: ELX) expects its 10GbE LoM design-wins to ramp next year, but Jefferies & Company said that it believes the LoM revenue opportunity is relatively small, “but will watch for pull-through adapter sales.” Jefferies & Company said that core FC market will likely see...