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4-Traders Homepage  >  Equities  >  Nyse  >  Emulex Corporation    ELX

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Emulex Corporation : StockCall Study on Brocade Comm. Systems, NetApp, Fusion-io, Quantum, and Emulex

04/04/2013 | 08:05am US/Eastern

LONDON, April 4, 2013 /PRNewswire/ --

Data storage companies such as Brocade Communications Systems Inc. (NASDAQ: BRCD), NetApp Inc. (NASDAQ: NTAP), Fusion-IO Inc. (NYSE: FIO), Quantum Corp. (NYSE: QTM), and Emulex Corporation (NYSE: ELX) are looking to capitalize on increasing data usage. Another major trend to emerge in the industry has been cloud computing. Cloud computing offers significant opportunities to the data storage industry. The industry is also likely to benefit from increasing demand for SSDs, which is being driven by increasing use of tablet computers. On Wednesday, data storage stocks struggled as the broad market fell sharply. StockCall free coverage on BRCD, NTAP, FIO, QTM, and ELX is available upon registration at


Brocade Communications Systems Inc.'s shares edged lower in trading on Wednesday, tracking losses in the broad market. The stock closed 0.81% lower at $5.51 on volume of 3.18 million after touching an intra-day low of $5.50. For the week, Brocade Communications Systems shares have now fallen more than 4.50%. The company's shares have seen a series of lows over the past few weeks, which is a bearish signal. The negative trend is further confirmed by the stock's MACD chart. Download the free technical research on BRCD by signing up at


Shares of NetApp Inc. struggled in Wednesday's trading session as the broad market came under pressure. The stock fell to an intra-day low of $34.36 before finishing the day 0.75% lower at $34.44 on above average volume of 5.84 million. The company's shares have underperformed the broad market so far in 2013, gaining just a little over 2.60%. The stock is currently struggling to break through $35 resistance level. The stock's MACD, however, has crossed above the signal line, which is a bullish signal. Register now and get access to the free analysis on NTAP at


Shares of Fusion-IO Inc. fell sharply in yesterday's trading session. The stock fell to an intra-day low of $15.13 before finishing the day 3.62% lower at $15.16 on volume of 1.64 million. For the week, Fusion-IO's shares have fallen nearly 7.40%. Year-to-date, the stock has fallen nearly 34%. The company's shares are now trading more than 53% below their 52-week high. The stock's MACD has just crossed below the signal line and is also trading below the zero-line, which are strong bearish signals. Sign up and read the complimentary report on FIO at


Shares of Quantum Corp. edged higher on Wednesday, reversing some of the losses from earlier in the week. The stock ended the day 1.63% higher at $1.25, which was also its intra-day high. Despite the gains, the stock is still down more than 2.30% for the week. Quantum's shares have traded sideways since the start of this year. Year-to-date, the stock has gained just 0.81%. Its MACD chart is currently giving bearish signals. The free report on QTM can be downloaded by signing up now at


Emulex Corporation's shares were among the major losers in the technology sector on Wednesday. The stock fell to an intra-day low of $6.45 before finishing the day 2.27% lower at $6.46. Year-to-date, Emulex's shares are now down more than 11%. The stock is currently trading more than 38% below its 52-week high. Shares of ELX are also trading below their 50-day and 200-day moving averages. Free report on ELX can be accessed by registering at


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SOURCE StockCall.com

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