Shares of ELX fell by 5.46% or $-0.395/share to $6.84. NYSE is trading at a price to book ratio of 1.05. This indicates that the shares are relatively cheap compared to book value which means the market is pricing in going concern value. The PEG is 0.67 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 1.27. Thus, the company is not very expensive in terms of its sales. On average, 1176730 shares of ELX exchange hands on a given day and today's volume is recorded at 684148. These factors combined may make this company a potential takeover candidate. Lookout for any takeover chatter or takeover news regarding this stock as one of the bigger players may have an eye on this one.
Emulex Corporation (Emulex) is a provider of a range of network convergence solutions that connect servers, storage, and networks within the data center.
