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XRTX.O

ISIN: BMG982681089
SEDOL: B01LTW6

Rating:

HOLD

Target Price:

2.01 USD

Investment Horizon:

6 to 12 months
15th Jan 2009 View Report   Download

Company News Alert

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Xyratex Ltd.’s (Xyratex) NASDAQ common stock price has declined significantly since our previous rating downgrade in our company news alert, dated 07 January 2009, primarily reflecting significant volatility in equity markets and investor concerns over a weak demand outlook for the company’s products in the medium term....

7th Jan 2009 View Report   Download

4Q 08 News Alert

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Xyratex Ltd’s (Xyratex) 4Q 08 revenues were marginally above our expectation. However, poor operational efficiencies led to significant margin contraction during the quarter and were below our expectations. In light of the current economic downturn in the US, Management has not provided any guidance for FY 2009. We continue to believe declining global IT…

8th Dec 2008 View Report   Download

Company News Alert

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Xyratex Ltd.’s (Xyratex) NASDAQ common stock price has declined significantly since our supplement to 3Q 08 update report, primarily reflecting downward revision of the company’s 4Q 08 guidance and investor concern over a weak demand outlook for the company’s products in the medium term. As the common stock has achieved our target price, we upgrade our rating from a SELL to a HOLD on fundamental grounds....

4th Dec 2008 View Report   Download

3Q 08 update Supplement

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On 03 December 2008, Xyratex reduced its guidance for 4Q 08, in light of lower than expected decline in revenues from its Network Storage Solutions (NSS) segment, coupled with significant pressure on the segment’s gross margin. Given the weak demand outlook for the company’s products in the NSS segment, the continued expected poor performance of the SI segment and margin pressure resulting from declining global IT infrastructure spending…

17th Nov 2008 View Report   Download

Company News Alert

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Xyratex Ltd.’s (Xyratex) NASDAQ common stock declined significantly since our 3Q 08 update report, primarily reflecting weakness in equity markets. We continue to maintain a muted outlook for the company’s future financial performance, in light of slowing demand from its major customers in the medium term. However, long term demand for the company’s products remains favorable. Moreover, as the significant decline in the common stock ...