United Kingdom based Xyratex Ltd (NASDAQ:XRTX) swung to a loss in the fiscal Q4 as growth its smaller hard-disk-drive unit could not make up for a big decline in revenue in its data-storage business.
Shares of Xyratex plunged 5.4% in extended trading session to $7.73 after the corporation forecasted lower revenue for its present three months period. Shares of the company plunged 29% as of Thursday close, more than the previous 6 months.
Xyratex anticipates a fiscal Q1 adjusted loss of a penny to 21 cents on $159 million to $189 million of revenue.
Thomson Reuters analysts survey most recently estimated a loss of 23 cents per share on $207 million of revenue.
The company announced a loss of $7.9 million or 29 cents per share for the three months period finished Nov 30, evaluated against a profit of $18.5 million or 65 cents per share in previous year.
Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. EMC Corporation (NYSE:EMC) fell -0.71% to settle at $23.85, Dot Hill Systems Corp. (NASDAQ:HILL) moved up +2.91% to end at $1.06 while NetApp Inc. (NASDAQ:NTAP) jumped +0.65% to finish at $32.42 on Thursday.
Xyratex Ltd. (NASDAQ:XRTX) last session’s volume of 551,336 shares was surprisingly higher than its average volume of 316,840 shares. The stock after opening at $7.80 hit high price of $8.35 and then closed at $8.17 by scoring +4.88%.
The liquidity measure in recent quarter results of the company was recorded 2.87 as current ratio. The Company had total cash of $103.81 million at hand and a book value per share as $14.14 in the most recent quarter.
The stock’s price volatility was 4.91% for a week and 4.52% for a month as well as price volatility’s Average True Range for 14 days was 0.37 and its beta remained at 2.00.
XRTX generated revenue of $1.28 billion in the previous twelve months and earned $44.12 million. The Company showed a positive 3.44% in the net profit margin as well as in its operating margin which remained at 3.73%. Company’s annual sales growth for the past five years was 8.05%.
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