QLogic Corporation (NASDAQ:QLGC) up by 7.43%, JetBlue Airways Corporation (NASDAQ:JBLU)

Posted by George Brook May 5, 2013 0 Comment 1397 views


QLogic Corporation (NASDAQ:QLGC): In Friday’s trading session there was a fall of 7.43% in QLogic Corporation (NASDAQ:QLGC) shares. The shares had an opening price of $10.38 which touched an intraday of high of $10.41 before dipping to $9.71 per share. Over 4.41M shares were traded in Friday’s trading session which was way higher than the average volume of 0.996M shares that was measured over the last 30 days. The data center spending environment is currently a very challenging one. Despite this, the company has made some prudent investments over the past couple of years. These investments have afforded the company a strong position in delivering future growth as well as providing shareholder value.

QLogic Corporation (NASDAQ:QLGC) is a designer and supplier of various network infrastructure products. These products not only provide but also manage different kinds of computer data communication. QLogic products are used by enterprise data centers, Web 2.0, cloud computing as well as other environments. The company’s products are classified into three distinct segments- Network Products, Host Products and Silicon Products.

JetBlue Airways Corporation (NASDAQ:JBLU): In Friday’s trading session there was a 3.00% rise in JetBlue Airways Corporation (NASDAQ:JBLU) shares. The opening price of the shares was $6.78 which touched an intraday high of $6.97 and before settling down to $6.75 per share. Over 4.48M shares were traded in Friday’s trading session which was lower than the average volume of 4.54M that was measured over the last 30 days.

To date in 2013, JetBlue Airways Corporation (NASDAQ:JBLU) has displayed a consistent strength. In the intermediate term airlines such as Jet Blue will prove to be an attractive buying prospect. The company has unwaveringly been on an upward climb since august 2012 and has tided higher than it has ebbed along over the past 8 months. Very recently in April, the company has been in the process of consolidating gains.

JetBlue Airways Corporation (NASDAQ:JBLU) is essentially a passenger airline that primarily operates on different point-to-point routes. Its fleet consists of 49 EMBRAER 190 aircraft and 120 Airbus A320 aircraft. At the close of 2011, it operated flights to 70 destinations across 22 states and 12 different countries in Latin America and the Caribbean.


About George Brook

George Brook covers money and politics for GDP Insider. George is a veteran journalist who has also covered Congress, national political conventions and presidential politics. George also covers the White House as well as economic and domestic policy for GDP insider. George's reporting has won numerous awards, including two Scripps Howard awards, two National Headliners, two Gerald Loeb Awards, as well as honors from Sigma Delta Chi and the National Press Club.

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