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Xyratex Ltd. (NASDAQ:XRTX) Declares Double Digit Loss As Revenue Slumps

Xyratex Ltd. (NASDAQ:XRTX)’s shares surged on Thursday as it declared a fiscal first-quarter loss as the firm declared double-digit drops in its data-storage segment and its smaller hard-disk-drive business.

Xyratex freshly anticipated a per-share adjusted loss of in range of a penny and 21 cents a share on revenue of $159M to $189M.

Gross margin increased to 18.9 percent from 17.9 percent among changes in its range of products and customers.

The firm’s data-storage segment declared revenue plunges of 35 percent to $176.5M. The smaller hard-disk-drive business declared a 19 percent revenue decrease to $19.1M.

The firm estimate a per-share adjusted loss between 9 cents and 15 cents on revenue of $190M to $220M for the current quarter.

Xyratex Ltd. (NASDAQ:XRTX) stock hit highest price at $10.53, beginning with a price of $10.38 and reported increased +1.74% to the closed at $10.53 with day range of $10.30-$10.53. The total market capitalization remained $284.56 million, total volume held in the session was 265,851 shares surprisingly higher than its average volume of 143,624 shares.

To check the Stocks ups and downs, XRTX last week stock price volatility remained 4.34% and month was at 3.92%. XRTX generated revenue of 1.16 billion in the following twelve months income of $17.66 million. The Company showed a positive 1.52% in the net profit margin and in addition to in its operating margin which remained 1.42%. Company’s annual sales growth for the past five year was 4.46%.

The XRTX past twelve months price to sales ratio was 0.25 and price to cash ratio remained 2.43. As far as if notice on other major contributors of similar sectors have sale ratio and price to cash ratio remained EMC Corporation (NYSE:EMC)’s P/S 2.27% P/C 7.99%, NetApp Inc. (NASDAQ:NTAP)’s P/S 1.97% P/C 1.85%, SanDisk Corporation (NASDAQ:SNDK)’s P/S 2.62% P/C 4.61%, Brocade Communications Systems, Inc. (NASDAQ:BRCD)’s P/S 1.11% P/C 3.67%.


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