Xyratex Ltd. (XRTX) Updates Q4 Earnings Guidance
Xyratex Ltd. (XRTX) updated its fourth quarter earnings guidance on Tuesday. The company provided EPS guidance of $(0.43)-(0.15) for the period.
Several analysts have also recently commented on the stock. Analysts at Cantor Fitzgerald cut their price target on shares of Xyratex from $11.50 to $10.50 in a research note to investors on Friday. They now have a hold rating on the stock. Finally, analysts at Brean Murray cut their price target on shares of Xyratex from $20.00 to $16.00 in a research note to investors on Friday, July 6th.
Xyratex Ltd. (XRTX) traded down 5.33% on Tuesday, hitting $8.70. Xyratex Ltd. (XRTX) has a 52-week low of $8.84 and a 52-week high of $17.96. The company has a market cap of $242.8 million and a price-to-earnings ratio of 5.84.
Xyratex last posted its quarterly earnings results on Tuesday, October 2nd. The company reported $0.37 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.44 by $0.07. The company’s quarterly revenue was down 23.8% on a year-over-year basis. Analysts expect that Xyratex Ltd. (XRTX) will post $1.65 EPS for the current fiscal year.
Xyratex Ltd. (Xyratex) is a provider of modular enterprise-class data storage subsystems and storage process technology.
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