Emulex (NYSE: ELX) was upgraded by equities research analysts at Pacific Crest from an “underperform” rating to a “sector perform” rating in a research note issued to investors on Tuesday.
Separately, analysts at Needham & Company reiterated a “buy” rating on shares of Emulex in a research note to investors on Monday, November 21st. Analysts at Zacks Investment Research downgraded shares of Emulex from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, November 16th. Also, analysts at Stifel Nicolaus reiterated a “hold” rating on shares of Emulex in a research note to investors on Monday, November 14th.
Emulex Corporation (Emulex) is a provider of a range of network convergence 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), network interface cards (NICs), mezzanine cards for blade servers, application specific integrated circuits (ASICs), embedded storage bridges, routers, and switches, Input/Output Controllers (IOCs). The Company has two market focused product lines: host server products (HSP) and embedded storage products (ESP). Emulex’s HSP’s connect servers and storage to networks using a variety of industry standard protocols. Its products support Internet protocol (IP) and storage networking, including transmission control protocol (TCP)/IP, Internet small computer system interface (iSCSI), network attached storage (NAS), Fibre Channel, and Fibre Channel over Ethernet (FCoE). On August 25, 2010, the Company acquired ServerEngines Corporation.
Shares of Emulex opened at 8.24 on Tuesday. Emulex has a 52 week low of $5.86 and a 52 week high of $12.97. The stock’s 50-day moving average is $7.29 and its 200-day moving average is $7.51. The company has a market cap of $704.4 million.
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