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QLogic (QLGC) in Focus: Stock Jumps 6.8% in Session

QLogic Corp. QLGC was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $12.79 to $13.44 in the past one-month time frame.

None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future

QLogic currently carries a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.

A better-ranked stock in the same industry is Brocade Communications Systems, Inc. BRCD, sporting a Zacks Rank #1 (Strong Buy).

Is QLGC going up? Or down? Predict to see what others think:Up or Down

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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
QLOGIC CORP (QLGC): Free Stock Analysis Report
 
BROCADE COMM SY (BRCD): Free Stock Analysis Report
 
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