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Xyratex – Ben Graham’s Famous Net-Net Stock
Posted:10/18/12By:SiHien
RESEARCH NOW
When Ben Graham wrote Security Analysis in the 1930s, he introduced his famous net-net stock to the world. To pass his net-net test, a company is valued solely based on its current assets minus all its liabilities. The idea was that when a company is identified as a net-net, the stock is as good a bargain as it can be, assuming that the business will continue to be viable. Today, not many companies pass this test, but this article examines one that does – Xyratex Ltd (XRTX).
Briefly, Xyratex is a UK-based data storage technology provider that generates sales in the United States, Europe and Asia. In fiscal year 2011, 93% of their revenue was made up of sales to its top six customers: NetApp Inc., Dell Inc, IBM Corporation, EMC Corporation, Hewlett-Packard Company and Seagate Technology.
Since the beginning of September 2012, the stock has been in free fall – losing 30% of its value as they missed sales estimates for the third quarter. In addition, management has announced that it will be recording a loss in the fourth quarter of 2012.
Perhaps because of the extreme negativity surrounding the stock and the small market cap size of the company, the market might have overreacted and punished the stock too harshly. At a market cap of close to US$200 million, Xyratex has zero debt and a cash pile of US$103 million in the latest quarter ending August 2012. With 27.5 million shares outstanding, the cash pile alone is worth $3.74 a share alone (half of its current share price).
Furthermore, total current assets are worth US$465 million on its latest balance sheet while total liabilities are at US$162 million. This gives us a back of the envelope net-net value of no less than US$300 million (compared to its current market cap of US$200 million).
While the near-term earnings power of Xyratex’s business might be questionable, there is no doubt that the depressed market capitalization along with its strong balance sheet merits a second look at the company. Furthermore, Xyratex started paying out dividends in FY 2011, distributing US$0.28 per share in the last twelve months of reported earnings. That translates to an annual dividend yield of 3.8% – essentially resulting in an investor getting paid while waiting for the market to readjust its valuation of the company.
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http://wire.kapitall.com/investment-idea/xyratex-ben-grahams-famous-net-net-stock/
XRTX
Xyratex is starting to work its way higher after dropping from over $12 a share. At $7.54 a share and considering that XRTX was trading well over $10 last month the risk for further decline is outweighed by the potential gain that a strong bounce would provide. With today's closing price of $7.54 I think a quick bounce to $8 or better is in the cards. Now taking look at daily charts we may see that majority of the technical indicators started to show some bullish signs. The RSI just bounced off extreme oversold conditions during today's rally, MACD made a bullish cross and is heading up. Slow Stochastic also shows bullish cross with %K over %D. This is a stock you should add to your watch list as believe it could move higher from current levels.
AC Investor Blog
Bought in on the 11th to pick up the dividend and have held. There seemed to be early indications that it was about to reverse as the market had over-reacted. You've helped me before on pincher patterns, but I still have not learned them and don't chart with those indicators. Still trying to learn the few I use. Glad to have the confirmation.
It sure looks as if it can go to $8.00 pretty easily.
XRTX
Xyratex: Overlooked And Trading At A Discount Of Fair Valuation
October 9, 2012 | 2 comments
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. (More...)
Occasionally, I use equity screens to generate new ideas and discover companies with intriguing valuation. I came across Xyratex Ltd. (XRTX) by using the following constraints in my screen criteria:
P/E < 10
P/B < 1.0
Dividend Yield > 3%
Sales Growth Over the Past Five Years
30 & 14 day Relative Strength Indications < 10
XRTX is company operating within the technology sector, specializing in data storage devices. XRTX is worth consideration given it is trading at a bargain of their valuation and only reveal moderate risk in its holding period returns. This article begins with a brief overview of its business model, touches on some of their product features, and then concludes with several highlights outlining XRTX's valuation and risk metrics.
Business Model & Fundamentals
XRTX was originally founded in 1966 and currently headquarters are located today in Havant, which is in the United Kingdom. XRTX markets and sells their own products, primarily to OEMs, manufacturers of disk drives, as well as other companies spread across North America, Asia, and Central Europe. Below is a broad overview of their business model extracted from Bloomberg, then followed by some additional features of the companies products.
"Xyratex Ltd. provides enterprise class data storage subsystems and network technology. The Company designs and manufactures enabling technology that provides OEM and disk drive manufacturer customers with data storage products that support high-performance storage and data communication networks." Bloomberg Company Profile
XRTX data storage products have several unique features. For example, one of the features of their enterprise data storage solutions that include storage enclosures also provide a common technology platform that reduces qualification time for original equipment manufacturer customers. In addition, it also includes management interface software, standardized across enclosures, and provides easy integration as new platforms. These new platforms incorporate embedded server modules into is storage enclosure. In addition, the XRTX design and manufacturers a wide array of process test systems that incorporate mechanical/electronic hardware as well as firmware in order to exert control of the HDD operating environment during the formatting of the disk drive.
For a more in depth analysis of XRTX's product line please visit XRTX's company website.
Valuation & Risk Metrics
XRTX has been extremely sold past fair valuation. Below in Figure 1, you will see XRTX is currently trading roughly below seven dollars per share (approximately 60% below their 52 week high). Relative strength indications are 8.31, in support of being oversold and indicating the high probability of an upward trend. The primary reason for the recent decline in market value per share is a result of missing third quarter sales estimates.
Figure 1: XRTX Price Graph
(Click to enlarge) (click link below for charts/tables)
XRTX has a high current ratio of 2.68, evidently making them more than capable if they ever need to cover any short-term liabilities. XRTX is currently trading at a discount to the industry for the trailing P/E as well as forward P/E. XRTX's P/E is currently 4.38, with a slightly higher forward P/E of 5.16. XRTX shows strong signs of profitability with a Return on Assets of 8.11%, Return on Equity of 12.23%, and a Return on Investment in Operating Capital of 12.23%.
In addition, XRTX has a fair dividend yield of approximately 4.31%, $0.30 per share. Institutional ownership remains at approximately 6.92% of all shares outstanding, no transactions recently worth noting. Four different analysts that cover this stock have buy ratings on it with target prices ranging from $11 to $14 per share.
Figure 2: Risk Metrics
The calculations above in figure 2 were derived from XRTX's monthly holding period returns from the last four years and were compared to the same returns of the S&P 500 to serve as a benchmark for comparison. The results concluded that XRTX out performed the S&P 500 yielding an arithmetic average of 2.06% over the four year period. The standard deviation of XRTX is 21.6% in comparison to the S&P 500. We can conclude that investing XRTX does pose a moderate level of risk, however a portion of the risk can be attributed to the systematic risk that is present industry wide.
Conclusion
Overall, XRTX is a nice value play that has the potential to provide investors with a high potential upside. The profitability levels necessary to excel are there, and relative strength indications are supporting this upward trend.
Sources: All information, statistics, and financial market data were retrieved from FinViz, Google Finance, YCharts, and TDAmeritrade.
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http://seekingalpha.com/article/913971-xyratex-overlooked-and-trading-at-a-discount-of-fair-valuation
XRTX
Nice call, it bounced off 6.76!
Interesting.. I'll take a poke in the dark here.. I see a possible bounce at 6.70ish..
After-Hours Earnings Report for October 2, 2012 : RECN, XRTX
The following companies are expected to report earnings after hours on 10/02/2012. Visit our Earnings Calendar for a full list of expected earnings releases.
Resources Connection, Inc. ( RECN ) is reporting for the quarter ending August 31, 2012. The staffing company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.12. This value represents a 100.00% increase compared to the same quarter last year. RECN missed the consensus earnings per share in the 4th calendar quarter by -8.33%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for RECN is 21.59 vs. an industry ratio of 4.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Xyratex Ltd. ( XRTX ) is reporting for the quarter ending August 31, 2012. The computer storage company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.34. This value represents a 6.25% increase compared to the same quarter last year. In the past year XRTX has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 8%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for XRTX is 6.71 vs. an industry ratio of -6.10, implying that they will have a higher earnings growth than their competitors in the same industry.
What do you think about today's earnings?
<<< $XRTX Links! >>> ~ MAC's Quick DD Links without the charts.
PennyStockTweets ~ http://www.pennystocktweets.com/stocks/profile/XRTX
OTC Markets Company Info ~ http://www.otcmarkets.com/stock/XRTX/company-info
OTC Markets Charts ~ http://www.otcmarkets.com/stock/XRTX/chart
OTC Markets Quote ~ http://www.otcmarkets.com/stock/XRTX/quote
OTC Markets News ~ http://www.otcmarkets.com/stock/XRTX/news
OTC Markets Financials ~ http://www.otcmarkets.com/stock/XRTX/financials
OTC Markets Short Sales ~ http://www.otcmarkets.com/stock/XRTX/short-sales
OTC Markets Insider Disclosure ~ http://www.otcmarkets.com/stock/XRTX/insider-transactions
OTC Markets Research Reports ~ http://www.otcmarkets.com/stock/XRTX/research
Google Finance Summary ~ http://www.google.com/finance?q=XRTX
Google Finance News ~ http://www.google.com/finance/company_news?q=XRTX
Google Finance Option chain ~ http://www.google.com/finance/option_chain?q=XRTX
Google Finance Financials ~ http://www.google.com/finance?q=XRTX&fstype=ii#
Google Finance Historical prices Daily ~ http://www.google.com/finance/historical?q=XRTX
Google Finance Historical prices Weekly ~ http://www.google.com/finance/historical?q=XRTX&histperiod=weekly#
Y! < Company >
Y! Profile ~ http://finance.yahoo.com/q/pr?s=XRTX+Profile
Y! Key Stat's ~ http://finance.yahoo.com/q/ks?s=XRTX+Key+Statistics
Y! Headlines ~ http://finance.yahoo.com/q/h?s=XRTX+Headlines
Y! Summary ~ http://finance.yahoo.com/q?s=XRTX
Y! Historical Prices ~ http://finance.yahoo.com/q/hp?s=XRTX+Historical+Prices
Y! Order Book ~ http://finance.yahoo.com/q/ecn?s=XRTX+Order+Book
Y! Message Boards ~ http://messages.finance.yahoo.com/mb/XRTX
Y! Market Pulse ~ http://finance.yahoo.com/marketpulse/XRTX
Y! Technical Analysis ~ http://finance.yahoo.com/q/ta?s=XRTX+Basic+Tech.+Analysis
Y! < Analyst Coverage >
Y! Analyst Opinion ~ http://finance.yahoo.com/q/ao?s=XRTX+Analyst+Opinion
Y! Analyst Estimates ~ http://finance.yahoo.com/q/ae?s=XRTX+Analyst+Estimates
Y! Research Reports ~ http://finance.yahoo.com/q/rr?s=XRTX+Research+Reports
Y! Star Analysts ~ http://finance.yahoo.com/q/sa?s=XRTX+Star+Analysts
Y! < Ownership >
Y! Major Holders ~ http://finance.yahoo.com/q/mh?s=XRTX+Major+Holders
Y! Insider Transactions ~ http://finance.yahoo.com/q/it?s=XRTX+Insider+Transactions
Y! Insider Roster ~ http://finance.yahoo.com/q/ir?s=XRTX+Insider+Roster
Y! < Financials >
Y! Income Statement ~ http://finance.yahoo.com/q/is?s=XRTX+Income+Statement&annual
Y! Balance Sheet ~ http://finance.yahoo.com/q/bs?s=XRTX+Balance+Sheet&annual
Y! Cash Flow ~ http://finance.yahoo.com/q/cf?s=XRTX+Cash+Flow&annual
FINVIZ ~ http://finviz.com/quote.ashx?t=XRTX&ty=c&ta=0&p=d
Investorshub Trades ~ http://ih.advfn.com/p.php?pid=trades&symbol=XRTX
Investorshub Board Search ~ http://investorshub.advfn.com/boards/getboards.aspx?searchstr=XRTX
Investorshub PostStream ~ http://investorshub.advfn.com/boards/poststream.aspx?ticker=XRTX
Investorshub Messages ~ http://investorshub.advfn.com/boards/msgsearch.aspx?SearchStr=XRTX
Investorshub Videos ~ http://ih.advfn.com/p.php?pid=ihvse&ihvqu=XRTX
Investorshub News ~ http://ih.advfn.com/p.php?pid=news&btn=s_ok&ctl00%24sb3%24tbq1=Get+Quote&as_values_IH=&ctl00%24sb3%24stb1=Search+iHub&symbol=XRTX&s_ok=OK&from_month=3&from_day=15&from_year=2012&order=desc&selsrc%5B%5D=prnca&selsrc%5B%5D=prnus&selsrc%5B%5D=zacks&selsrc%5B%5D=money2&selsrc%5B%5D=djn&selsrc%5B%5D=bw&selsrc%5B%5D=globe&selsrc%5B%5D=edgar&selsrc%5B%5D=mwus&force=1&last_ts=1331855999&p_n=1&p_count=&p_ts=1331794260
CandlestickChart ~ http://www.candlestickchart.com/cgi/chart.cgi?symbol=XRTX&exchange=US
Barchart Quote ~ http://barchart.com/quotes/stocks/XRTX?
Barchart Detailed Quote ~ http://barchart.com/detailedquote/stocks/XRTX
Barchart Options Quotes ~ http://barchart.com/options/stocks/XRTX
Barchart Technical Chart ~ http://barchart.com/charts/stocks/XRTX&style=technical
Barchart Interactive Chart ~ http://barchart.com/charts/stocks/XRTX&style=interactive
Barchart Technical Analysis ~ http://barchart.com/technicals/stocks/XRTX
Barchart Trader's Cheat Sheet ~ http://barchart.com/cheatsheet.php?sym=XRTX
Barchart Barchart Opinion ~ http://barchart.com/opinions/stocks/XRTX
Barchart Snapshot Opinion ~ http://barchart.com/snapopinion/stocks/XRTX
Barchart News Headlines ~ http://barchart.com/news/stocks/XRTX
Barchart Profile ~ http://barchart.com/profile//XRTX
Barchart Key Statistics ~ http://barchart.com/profile.php?sym=XRTX&view=key_statistics
OTC: American Bulls ~ http://www.americanbulls.com/StockPage.asp?CompanyTicker=XRTX&MarketTicker=OTC&TYP=S
NASDAQ: American Bulls ~ http://www.americanbulls.com/StockPage.asp?CompanyTicker=XRTX&MarketTicker=NASD&TYP=S
NYSE: American Bulls ~ http://www.americanbulls.com/StockPage.asp?CompanyTicker=XRTX&MarketTicker=NYSE&Typ=S
Marketwatch Profile ~ http://www.marketwatch.com/investing/stock/XRTX/profile
Marketwatch Analyst Estimates ~ http://www.marketwatch.com/investing/stock/XRTX/analystestimates
Marketwatch Historical Quotes ~ http://www.marketwatch.com/investing/stock/XRTX/historical
Marketwatch Financials ~ http://www.marketwatch.com/investing/stock/XRTX/financials
Marketwatch Overview ~ http://www.marketwatch.com/investing/stock/XRTX
Marketwatch SEC Filings ~ http://www.marketwatch.com/investing/stock/XRTX/secfilings
Marketwatch Picks ~ http://www.marketwatch.com/investing/stock/XRTX/picks
Marketwatch Hulbert ~ http://www.marketwatch.com/investing/stock/XRTX/hulbert
Marketwatch Insider Actions ~ http://www.marketwatch.com/investing/stock/XRTX/insideractions
Marketwatch Options ~ http://www.marketwatch.com/investing/stock/XRTX/options
Marketwatch Charts ~ http://www.marketwatch.com/investing/stock/XRTX/charts
Marketwatch News ~ http://bigcharts.marketwatch.com/news/symbolsearch/symbolnews.asp?news=markadv&symb=XRTX&sid=1795093&framed=False
The Lion ~ http://thelion.com/bin/aio_msg.cgi?cmd=search&msg=&si=1&tw=1&tt=1&rb=1&ih=1&fo=1&iv=1&yf=1&sa=1&fb=1&gg=1&symbol=XRTX
Search NYSE ~ http://www.nyse.com/about/listed/lcddata.html?ticker=XRTX
StockTA ~ http://www.stockta.com/cgi-bin/analysis.pl?symb=XRTX&num1=567&cobrand=&mode=stock
StockHouse ~ http://www.stockhouse.com/financialtools/sn_overview.aspx?qm_symbol=XRTX
StockHouse Delayed LII ~ http://www.stockhouse.com/financialtools/sn_level2.aspx?qm_page=46140&qm_symbol=XRTX
AlphaTrade ~ http://tools.alphatrade.com/index.php?t1=mc_quote_module&t2=mc_quote_module2&t3=historical&template=historical2html&sym=XRTX&client_id=2740&a_width=680&a_height=1000&language=english&showVol=1&chtype=8
Reuters ~ http://www.reuters.com/finance/stocks/companyOfficers?symbol=XRTX.PK&WTmodLOC=C4-Officers-5
StockWatch ~ http://www.stockwatch.com/Quote/Detail.aspx?symbol=XRTX®ion=U
Search NASDAQ ~ http://www.nasdaq.com/symbol/XRTX
NASDAQ Divy History ~ http://www.nasdaq.com/symbol/XRTX/dividend-history
NASDAQ Short Interest ~ http://www.nasdaq.com/symbol/XRTX/short-interest
NASDAQ Institutional Ownership ~ http://www.nasdaq.com/symbol/XRTX/institutional-holdings
NASDAQ FlashQuotes ~ http://www.nasdaq.com/aspx/flashquotes.aspx?symbol=XRTX&selected=XRTX
NASDAQ InfoQuotes ~ http://www.nasdaq.com/aspx/infoquotes.aspx?symbol=XRTX&selected=XRTX
NASDAQ After Hours Quote ~ http://www.nasdaq.com/symbol/XRTX/after-hours
NASDAQ Pre-Market Quote ~ http://www.nasdaq.com/symbol/XRTX/premarket
NASDAQ Historical Quote ~ http://www.nasdaq.com/symbol/XRTX/historical
NASDAQ Option Chain ~ http://www.nasdaq.com/symbol/XRTX/option-chain
NASDAQ Company Headlines ~ http://www.nasdaq.com/symbol/XRTX/news-headlines
NASDAQ Press Releases ~ http://www.nasdaq.com/symbol/XRTX/news-headlines
NASDAQ Sentiment ~ http://www.nasdaq.com/symbol/XRTX/sentiment
NASDAQ Analyst Summary ~ http://www.nasdaq.com/symbol/XRTX/analyst-research
NASDAQ Guru Analysis~ http://www.nasdaq.com/symbol/XRTX/guru-analysis
NASDAQ Stock Report ~ http://www.nasdaq.com/symbol/XRTX/stock-report
NASDAQ Competitors ~ http://www.nasdaq.com/symbol/XRTX/competitors
NASDAQ Stock Consultant ~ http://www.nasdaq.com/symbol/XRTX/stock-consultant
NASDAQ Stock Comparison ~ http://www.nasdaq.com/symbol/XRTX/stock-comparison
NASDAQ Call Transcripts ~ http://www.nasdaq.com/symbol/XRTX/call-transcripts
NASDAQ Annual Reports ~ http://www.nasdaq.com/aspx/annualreport.aspx?symbol=XRTX&selected=XRTX
NASDAQ Financials ~ http://www.nasdaq.com/symbol/XRTX/financials
NASDAQ Revenue & Earnings Per Share (EPS) ~ http://www.nasdaq.com/symbol/XRTX/revenue-eps
NASDAQ SEC Filings ~ http://www.nasdaq.com/symbol/XRTX/sec-filings
NASDAQ Ownership Summary ~ http://www.nasdaq.com/symbol/XRTX/ownership-summary
NASDAQ Institutional Ownership ~ http://www.nasdaq.com/symbol/XRTX/institutional-holdings
NASDAQ (SEC Form 4) ~
--------- All Trades ~ http://www.nasdaq.com/symbol/XRTX/insider-trades
--------- Buys ~ http://www.nasdaq.com/symbol/XRTX/insider-trades/buys
--------- Sells ~ http://www.nasdaq.com/symbol/XRTX/insider-trades/sells
The Motley Fool ~ http://caps.fool.com/Ticker/XRTX.aspx
The Motley Fool Earnings/Growth ~ http://caps.fool.com/Ticker/XRTX/EarningsGrowthRates.aspx?source=itxsittst0000001
The Motley Fool Ratios ~ http://caps.fool.com/Ticker/XRTX/Ratios.aspx?source=itxsittst0000001
The Motley Fool Stats ~ http://caps.fool.com/Ticker/XRTX/Stats.aspx?source=icasittab0000006
The Motley Fool Historical ~ http://caps.fool.com/Ticker/XRTX/Historical.aspx?source=icasittab0000004
The Motley Fool Scorecard ~ http://caps.fool.com/Ticker/XRTX/Scorecard.aspx?source=icasittab0000003
The Motley Fool Statements ~ http://caps.fool.com/Ticker/XRTX/Statements.aspx?source=icasittab0000009
MSN Money ~ http://investing.money.msn.com/investments/stock-ratings?symbol=XRTX
YCharts ~ http://ycharts.com/companies/XRTX
YCharts Performance ~ http://ycharts.com/companies/XRTX/performance
YCharts Dashboard ~ http://ycharts.com/companies/XRTX/dashboard
InsideStocks Opinion ~ http://www.insidestocks.com/texpert.asp?sym=XRTX&code=XDAILY
InsideStocks Profile ~ http://www.insidestocks.com/profile.asp?sym=XRTX&code=XDAILY
InsideStocks Quote ~ http://www.insidestocks.com/quote.asp?sym=XRTX&code=XDAILY
InsideStocks Projection ~ http://charts3.barchart.com/procal.asp?sym=XRTX
Zacks Quote ~ http://www.zacks.com/stock/quote/XRTX
Zacks Estimates ~ http://www.zacks.com/research/report.php?type=estimates&t=XRTX
Zacks Company Reports ~ http://www.zacks.com/research/report.php?type=report&t=XRTX
Knobias ~ http://knobias.10kwizard.com/files.php?sym=XRTX
StockScores ~ http://www.stockscores.com/quickreport.asp?ticker=XRTX
Trade-Ideas ~ http://www.trade-ideas.com/StockInfo/XRTX/HOT_TOPIC.html
Morningstar ~ http://performance.morningstar.com/stock/performance-return.action?region=USA&t=XRTX&culture=en-US
Morningstar Shareholders ~ http://investors.morningstar.com/ownership/shareholders-overview.html?t=XRTX®ion=USA&culture=en-us
Morningstar Transcripts~ http://www.morningstar.com/earnings/NoTranscript.aspx?t=XRTX®ion=USA
Morningstar Key Ratios ~ http://financials.morningstar.com/ratios/r.html?t=XRTX®ion=USA&culture=en-US
Morningstar Executive Compensation ~ http://insiders.morningstar.com/trading/executive-compensation.action?t=XRTX®ion=USA&culture=en-us
Morningstar Valuation ~ http://financials.morningstar.com/valuation/price-ratio.html?t=XRTX®ion=USA&culture=en-us
CCBN (Thompson Reuters) ~ http://ccbn.aol.com/company.asp?client=aol&ticker=XRTX
TradingMarkets ~ http://pr.tradingmarkets.com/?lid=leftPRbox&sym=XRTX
OTCBB ~ http://www.otcbb.com/asp/SiteSearch.asp?Criteria=XRTX&searcharea=e&image1.x=0&image1.y=0
Insidercow ~ http://www.insidercow.com/history/company.jsp?company=XRTX&B1=Search%21
Forbes News ~ http://search.forbes.com/search/find?tab=searchtabgeneraldark&MT=XRTX
Forbes Press Releases ~ http://search.forbes.com/search/find?&start=1&tab=searchtabgeneraldark&MT=XRTX&pub=businesswire,prnewswire&searchResults=pressRelease&tag=pr&premium=on
Forbes Web ~ http://search.forbes.com/search/web?MT=UNGS&start=1&max=10&searchResults=web&tag=web&sort=null
YouTube Symbol Search ~ http://www.youtube.com/results?search_query=XRTX
Buy-Ins ~ http://www.buyins.net/tools/symbol_stats.php?sym=XRTX
Quotemedia ~ http://www.quotemedia.com/results.php?qm_page=47556&qm_symbol=XRTX
Earnings Whispers ~ http://www.earningswhispers.com/stocks.asp?symbol=XRTX
Bloomberg Snapshot ~ http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=XRTX
Bloomberg People ~ http://investing.businessweek.com/research/stocks/people/people.asp?ticker=XRTX
Financial Times ~ http://markets.ft.com/Research/Markets/Tearsheets/Summary?s=XRTX
Investorpoint ~ http://www.investorpoint.com/ enter "XRTX" and click search.
Hotstocked ~ http://www.hotstocked.com/ enter "XRTX" and click search.
Raging Bull ~ http://ragingbull.quote.com/mboard/boards.cgi?board=XRTX
Hoovers ~ http://www.hoovers.com/search/company-search-results/100003765-1.html?type=company&term=XRTX
DD Machine ~ http://www.ddmachine.com/default.asp?m=stocktool_frame.asp?symbol=XRTX
SEC Form 4 ~ http://www.secform4.com/insider/showhistory.php?cik=XRTX
OTCBB Pulse ~ http://www.otcbbpulse.com/cgi-bin/pulsequote.cgi?symbol=XRTX
Failures To Deliver ~ http://failurestodeliver.com/default2.aspx enter "XRTX" and click search.
http://www.coordinatedlegal.com/SecretaryOfState.html
http://regsho.finra.org/regsho-Index.html
http://www.shortsqueeze.com/?symbol=XRTX&submit=Short+Quote%99
DTCC (PENSON/TDA) Check - (otc and pinks) - Note ~ I did not check for this chart blast. However, I try and help you to do so with the following links.
IHUB DTCC BOARD SEARCH #1 http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18682&srchyr=2011&SearchStr=XRTX
IHUB DTCC BOARD SEARCH #2: http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=14482&srchyr=2011&SearchStr=XRTX
Check those searches for recent XRTX mentions. If XRTX is showing up on older posts and not on new posts found in link below, The DTCC issues may have been addressed and fixed. Always call the broker if your security turns up on any DTCC/PENSON list.
http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18682&srchyr=2011&SearchStr=Complete+list
For a complete list see the pinned threads at the top here ---> http://tinyurl.com/TWO-OLD-FARTS
MACDlinks
~ Thursday! $XRTX ~ Earnings posted, pending or coming soon! In Charts and Links Below!
~ $XRTX ~ Earnings expected on Thursday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.
http://stockcharts.com/h-sc/ui?s=XRTX&p=D&b=3&g=0&id=p88783918276&a=237480049
http://stockcharts.com/h-sc/ui?s=XRTX&p=W&b=3&g=0&id=p54550695994
~ Google Finance: http://www.google.com/finance?q=XRTX
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=XRTX#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=XRTX+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=XRTX
Finviz: http://finviz.com/quote.ashx?t=XRTX
~ BusyStock: http://busystock.com/i.php?s=XRTX&v=2
<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=XRTX >>>>>>
http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916
*If the earnings date is in error please ignore error. I do my best.
The last bearish weekly candle that showed up at the critical $9.5 support doesn't look good. We might see lower prices.
You are welcome, grawsha. :)
Where do I see the pps down the road?
Currently I don't have an opinion on that. There are several things I am watching right now as I debate taking a position. I still haven't decided whether I will or not.
I'm very curious to see what happens next week.
Best wishes and good luck!
Thanks, eastunder.
Where do see PPS down the road?
Needham & Company Maintains a 'Buy' on Xyratex (XRTX); F1Q11 Toward Low-end; Reducing Outlook on SI Weakness, but Largely Anticipated
8:24 am ET 04/01/2011-
Needham & Company maintains a 'Buy' on Xyratex (NASDAQ: XRTX), PT lowered by $1 to $15.
Needham analyst says, "Although XRTX execution remains solid, there are some offsetting factors within each of its business segments. SI should benefit from slowing HDD areal density growth (meaning more heads and platters), an expanding customer base (ie. Toshiba-N/R) and entering new HDD CAPEX segments offset by increased competition (Teradyne-N/R), uncertainty related to pending WDC/HGST combination, slower 2.5 /notebook demand and Japan disaster.
In NSS - expanding within IBM-N/R (V7000), anticipated higher volumes due to HP and Dell buying PAR and CML and good momentum at NTAP are somewhat offset by NTAP using XRTX/Jabil - 75/25% in
11 and up to 50/50 in 12 (although XRTX does get royalty), potential implications long-term of NTAP/Engenio acquisition and EMC transition to in-house in 2H 11." (FY11 EPS estimate lowered from $1.70 to $1.05, FY12 from $2.22 to $1.90).
Xyratex stock falls on disappointing 1Q results
Xyratex posts 1st-qtr earnings, revenue short of forecasts; stock falls nearly 15 percent
On Friday April 1, 2011, 6:44 pm EDT
HAVANT, England (AP) -- Xyratex Ltd. shares fell nearly 15 percent Friday after the company said Thursday that its fiscal first-quarter earnings fell significantly from a year earlier, even though its revenue rose.
Both its adjusted and revenue fell short of analyst forecasts, according to FactSet.
The company, which makes storage subsystems and hard disk drive capital equipment, said the numbers reflected soft demand in the storage infrastructure business, due in part to customers consolidating.
Xyratex posted net income of $4.7 million, or 15 cents per share, on $360.5 million in revenue for the three months that ended Feb. 28. That compares with net income of $26.3 million, or 85 cents per share, on $319 million in revenue a year earlier.
Excluding one-time items, Xyratex said it earned 24 cents per share.
Analysts on average had expected the company to report adjusted earnings of 22 cents per share on $374.3 million in revenue, according to FactSet.
For the current quarter, Xyratex projects revenue of $320 million to $365 million and a loss of 20 cents and 2 cents per share. Excluding one-time items, it expects its results to land between a loss of 12 cents per share to net income of 6 cents per share.
Xyratex's shares fell $1.62, or 14.5 percent, to $9.54 Friday.
Xyratex's CEO Discusses Q1 2011 Results - Earnings Call Transcript
http://seekingalpha.com/article/261283-xyratex-s-ceo-discusses-q1-2011-results-earnings-call-transcript?source=yahoo
XRTX: Q1 Adj EPS 24c vs 96c EPS -75% Y/Y; Guidance Comments
http://www.knobias.com/story.htm?eid=3.1.c4202bf630d15c709de2471ba44dd13047af5b8079c061448de0b1fae4cbbb38
Thursday , March 31, 2011 16:51ET
QUARTER RESULTS
Xyratex Ltd (XRTX) reported Q1 results ended February 2011. Q1 Revenues were $360.50M; +13.02% vs yr-ago. Q1 EPS was 15c. Adjusted Q1 EPS was 24c; -75.00% vs yr-ago.
GUIDANCEQ1 RESULTS Reported Year-Ago Y/Y Chg Estimate SURPRISE
---------- ------------ ------------ ---------- ------------ ----------
Revenues: $360.50M $318.97M +13.02% N/A N/A
---------- ------------ ------------ ---------- ------------ ----------
EPS: 15c N/A N/A N/A N/A
Adj EPS: 24c 96c -75.00% N/A N/A
---------- ------------ ------------ ---------- ------------ ----------
Xyratex Ltd Announces Results for the First Quarter Fiscal Year 2011
Thursday , March 31, 2011 16:05ET
HAVANT, England, March 31, 2011 /PRNewswire/ -- Xyratex Ltd (Nasdaq: XRTX), a leading provider of enterprise class data storage subsystems and hard disk drive capital equipment, today announced results for the first fiscal quarter ended February 28, 2011. Revenues for the first quarter were $360.5 million, an increase of 13% compared to revenues of $319 million for the same period last year.
For the first quarter, GAAP net income was $4.7 million, or $0.15 per diluted share, compared to GAAP net income of $26.3 million, or $0.85 per share, in the same period last year. Non-GAAP net income was $7.5 million, or $0.24 per diluted share, compared to non-GAAP net income of $29.4 million, or $0.96 per share, in the same quarter a year ago (1).
Gross profit margin in the first quarter decreased to 13.7%, compared to 18.1% in the same period last year, primarily due to significantly lower revenues and gross margins in the Storage Infrastructure business.
Revenues from sales of our Networked Storage Solutions (NSS) products were $334.2 million as compared to $271 million in the same quarter a year ago, an increase of 23.3%. Gross profit margin in the NSS business was 14.2% as compared to 15.2% a year ago. Revenues from sales of our Storage Infrastructure (SI) products were $26.3 million as compared to $48 million in the same quarter a year ago, a decrease of 45.2%. Gross profit margin in the SI business was 9.7% as compared to 34.7% a year ago.
"Our first quarter results were somewhat mixed between our two businesses. Demand in our NSS business was within our expectations despite component supply challenges experienced by our largest customer. In our Storage Infrastructure business we experienced soft demand. I believe this resulted from changes in the market for 2.5 inch disk drives and also the recently announced industry consolidation among two of our customers. These factors have reduced our expectations of demand and revenues in the current fiscal year, however, in the medium to long term, I believe the consolidation will be good for the industry and our business," said Steve Barber, CEO of Xyratex. "Given the current environment in both industries that we participate in and the consolidations that are taking place, we are very focused on creating new opportunities with both existing and new customers and restricting our costs to reflect the current environment. The dynamics in both industries are still very good and with good execution and the right technologies, I feel confident that our business opportunities remain strong. We will continue to work with our customers to make them more competitive in their respective markets and remain flexible in meeting their technology and product demands."
Share Repurchase Plan
The Board of Directors has authorized a recommencement of the share repurchase plan it initially approved during the first quarter of 2008, and to increase the maximum value of shares that may be repurchased. According to the revised terms of the plan, the Company may repurchase up to an additional $50 million of its outstanding shares following April 30, 2011. As of February 28, 2011, Xyratex had 30.9 million shares outstanding.
Share repurchase transactions authorized under the plan will occur from time to time in the open market, through block trades or otherwise. Management and the Board of Directors will exercise discretion with respect to the timing and amount of any shares repurchased, based on their evaluation of a variety of factors, including current market conditions. Repurchases may be commenced or suspended at any time without prior notice. Additionally, Xyratex may initiate repurchases under a Rule 10b5-1 plan, which would permit shares to be repurchased when the Company would otherwise be precluded from doing so under insider-trading laws. The repurchase program will be funded using the Company's available cash resources, and it is intended that the repurchase program will be Rule 10b-18 compliant.
Business Outlook
The following statements are based on current expectations. These statements are forward-looking, and actual results may differ materially.
-- Revenue in the second quarter of 2011 is projected to be in the range
$320 to $365 million.
-- Fully diluted earnings per share is anticipated to be a loss of between
$0.20 and $0.02 on a GAAP basis in the second quarter. On a non-GAAP
basis fully diluted earnings per share is anticipated to be between a
loss of $0.12 and earnings of $0.06. Non-GAAP earnings per share
excludes amortization of intangible assets, equity compensation expense,
specified non-recurring items and related taxation expense.
Continued at :
http://www.knobias.com/story.htm?eid=3.1.6fef4e1c3bc03e26c3c701828a10d6c8a77855daa3a209ed974c98669304ac8a
Xyratex Ltd. (NASDAQ: XRTX) 8.2% LOWER; reported Q1 EPS of $0.24, $0.03 worse than the analyst estimate of $0.27. Revenue for the quarter came in at $360.5 million versus the consensus estimate of $374.86 million. Sees Q2 2011 EPS of $(0.12)-$0.06, versus the consensus of $0.28. Sees Q2 2011 revenue of $320-$365 million, versus the consensus of $384.5 million. Also authorized the resumption of a $50 million buyback.
http://www.streetinsider.com/Earnings/Xyratex+Ltd.+%28XRTX%29+Posts+Q1+Miss%3B+Guides+Q2+Below+Street/6400511.html
Xyratex Ahead Of Earnings
Written by Gerard Lerod
Wednesday, 30 March 2011 12:03
New York, March 30th (TradersHuddle.com) - Shares of Xyratex Ltd. (NASDAQ:XRTX) are trading lower by -0.71% ahead of its quarterly earnings release. Xyratex, the provider of enterprise class data storage subsystems and network technology is expected to release its quarterly results on March 31st.
Wall Street Analysts consensus calls for a profit of $0.27 a share on $374.86 million revenue.
Xyratex estimates have a range of $0.13 a share. The high estimate calls for profit of $0.32 a share and the low estimate is calling for a profit of $0.19 a share, a year ago for the quarter the company reported $0.96 a share.
Xyratex Ltd. (NASDAQ:XRTX) provides enterprise class data storage subsystems and network technology. The Company designs and manufactures enabling technology that provides OEM and disk drive manufacturer customers with data storage products that support high-performance storage and data communication networks.
_________________________________________________________
http://www.tradershuddle.com/20110330193473/Earnings/xyratex-ahead-of-earnings.html
Results to be released at 4:00 PM. Conference call 4:30.
XRTX
Xyratex Ltd. (XRTX) is reiterated as a “Buy” rating by Stifel Nicolaus
http://www.favstocks.com/xyratex-ltd-xrtx-is-reiterated-as-a-buy-rating-by-stifel-nicolaus/2438631/
Thanks, eastunder. If company manages EPS of $.48 for this quarter, PPS should fly to $16 easily.
Guidance was included in your last report, if you are interested in that:
XRTX: Q4 Adj EPS 69c vs 26c EPS +165% Y/Y; Guidance Comments
Thursday , January 06, 2011 16:17ET
QUARTER RESULTS
Xyratex Ltd (XRTX) reported Q4 results ended November 2010. Q4 Revenues were $396.78M; +63.30% vs yr-ago. Q4 EPS was $1.02. Adjusted Q4 EPS was 69c; +165.38% vs yr-ago.
Q4 RESULTS Reported Year-Ago Y/Y Chg Estimate SURPRISE
---------- ------------ ------------ ---------- ------------ ----------
Revenues: $396.78M $242.97M +63.30% N/A N/A
---------- ------------ ------------ ---------- ------------ ----------
EPS: $1.02 N/A N/A N/A N/A
Adj EPS: 69c 26c +165.38% N/A N/A
---------- ------------ ------------ ---------- ------------ ----------
FY RESULTS Reported Year-Ago Y/Y Chg Estimate SURPRISE
---------- ------------ ------------ ---------- ------------ ----------
Revenues: $1,601.88M $867.89M +84.57% N/A N/A
---------- ------------ ------------ ---------- ------------ ----------
EPS: $4.46 N/A N/A N/A N/A
Adj EPS: $4.34 5c +8,580.00% N/A N/A
---------- ------------ ------------ ---------- ------------ ----------
We should at least trade 50% higher than Book Value.
I like this number:
Book Value Per Share (mrq): $12.13
http://finance.yahoo.com/q/ks?s=XRTX+Key+Statistics
Xyratex Passes This Key Test
By Seth Jayson | More Articles
March 3, 2011 | Comments (1)
There's no foolproof way to know the future for Xyratex (Nasdaq: XRTX ) or any other company. However, certain clues may help you see potential stumbles before they happen -- and before your stock craters as a result. Rest assured: Even if you're not monitoring these metrics, short-sellers are.
A cloudy crystal ball
I often use accounts receivable (AR) and days sales outstanding (DSO) to judge a company's current health and future prospects. It's an important step in separating the pretenders from the market's best stocks. Alone, AR -- the amount of money owed the company -- and DSO -- days worth of sales owed to the company -- don't tell you much. However, by considering the trends in AR and DSO, you can sometimes get a window onto the future.
Sometimes, problems with AR or DSO simply indicate a change in the business (like an acquisition), or lax collections. However, AR that grows more quickly than revenue, or ballooning DSO, can also suggest a desperate company that's trying to boost sales by giving its customers overly generous payment terms. Alternately, it can indicate that the company sprinted to book a load of sales at the end of the quarter, like used-car dealers on the 29th of the month. (Sometimes, companies do both.)
Why might an upstanding firm like Xyratex do this? For the same reason any other company might: to make the numbers. Investors don't like revenue shortfalls, and employees don't like reporting them to their superiors.
Is Xyratex sending any potential warning signs? Take a look at the chart below, which plots revenue growth against AR growth, and DSO:
http://www.fool.com/investing/general/2011/03/03/xyratex-passes-this-key-test.aspx
Western Digital Deal Boosts Data Storage Stocks
he tickerspy.com Staff, On Monday March 7, 2011, 12:30 pm EST
Shares of Western Digital (NYSE: WDC - News) are soaring 14% after the hard-drive manufacturer said it will acquire Hitachi's hard drive unit for $4.3 billion in cash and stock. The news is proving to be a boon for the Data Storage Stocks Index, which is up 1% today. The Index has lost 6% in the past month.
Seagate Technology (NASDAQ: STX - News), Western Digital's chief rival in the hard-drive space, is also getting a lift on the news to trade higher by 10%. BMO Capital said in a note to clients that the deal is good for Seagate, although the firm had expected Seagate would be the buyer for the Hitachi business, Barron's reported. Barron's also noted that there had been talk of Hitachi conducting an IPO for the hard-drive business.
While shares of Xyratex (NASDAQ: XRTX - News) are down 1%, BMO said that company could also be a potential winner due to the Western Digital/Hitachi deal because Xyratex counts both companies among its customers. Capstone Investments reiterated "hold" ratings on both Seagate and Western Digital.
Other hard-drive makers such as Quantum Corp (NYSE: QTM - News) and STEC Inc. (NASDAQ: STEC - News) are trading lower, but both opened higher following the Western Digital news.
OCZ Technology Group Inc. (NASDAQ: OCZ - News) is another winner in the hard-drive space, surging 12% after issuing fourth-quarter revenue guidance of $64 million compared to the consensus estimate of $53.36 million.
Investors can track the Data Storage Stocks Index for performance trends and a suite of other metrics at tickerspy.com.
Fun and informative, tickerspy.com is a free investing website where you can track multiple stock portfolios and compare against 250 proprietary Indexes tracking themes from dividends to ETFs to green energy to precious metals. Best of all, tickerspy.com lets you spy on the portfolios of nearly 3,000 Wall Street institutions and hedge funds and see graphs of their performance. Try tickerspy.com today and find out how you stack up against investing legends like Warren Buffett!
http://finance.yahoo.com/news/Western-Digital-Deal-Boosts-indie-3278447258.html?x=0&.v=1
Xyratex Ltd. to Announce First Quarter 2011 Results
Press Release Source: Xyratex Ltd. On Thursday March 10, 2011, 9:15 am EST
HAVANT, England, March 10, 2011 /PRNewswire/ -- Xyratex Ltd. (Nasdaq:XRTX - News), a leading provider of enterprise class data storage subsystems and storage process technology, will release its financial results for the fiscal first quarter ended February 28, 2011 after the market closes on Thursday, March 31, 2011.
Conference Call Information
The company will host a conference call to discuss its results at 1:30 p.m. PT/4:30 p.m. ET on Thursday, March 31, 2011.
The conference call can be accessed online via the company's website www.xyratex.com/investors, or by telephone as follows:
United States
(866) 761-0749
Outside the United States
(617) 614-2707
Passcode
83850357
A replay will be available via the company's website www.xyratex.com/investors, or can be accessed by telephone through April 7, 2011 as follows:
United States
(888) 286-8010
Outside the United States
(617) 801-6888
Passcode
11656259
About Xyratex
Xyratex is a leading provider of enterprise class data storage subsystems and hard disk drive capital equipment. The Networked Storage Solutions division designs and manufactures a range of advanced, scalable data storage solutions for the Original Equipment Manufacturer (OEM) community. As the largest capital equipment supplier to the industry, the Storage Infrastructure division enables disk drive manufacturers and their component suppliers to meet today's technology and productivity requirements. Xyratex has over 25 years of experience in research and development relating to disk drives, storage systems and manufacturing process technology.
Founded in 1994 in an MBO from IBM, and with headquarters in the UK, Xyratex has an established global base with R&D and operational facilities in Europe, the United States and South East Asia.
Website: www.xyratex.com
http://finance.yahoo.com/news/Xyratex-Ltd-to-Announce-First-prnews-550636355.html?x=0&.v=1
Yep, current pps level is very attractive. We should bounce off $10.5. I see $16 by late May.
Thanks for the chart. Info box at the top of the main page has been updated.
This is a great stock and made some great earnings the last 5 quarters. I just bought in, also the P/E ratio is only 3 a very under valued stock, good luck, Fred
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Xyratex is a leading provider of enterprise class data storage subsystems and network technology. Building on over 25 years of research and development experience in disk drive development, storage systems and high-speed communication protocols, we design and manufacture enabling technology that provides our OEM (Original Equipment Manufacturer) and disk drive manufacturer customers with data storage products to support high-performance storage and data communication networks.
Click here to download the corporate presentation.
Xyratex’s product strategy addresses the needs of the Networked Storage Solutions and Storage Infrastructure market places, and is based on two strongly synergistic technology lines:
Networked Storage Solutions - High-capacity, high-speed, reliable and flexible data storage subsystems to support a range of communication technologies and performance specifications. These systems include RAID (Redundant Array of Independent Disks) and SBOD (Switched Bunch of Disks) technology.
Storage Infrastructure - Fully automated disk drive test solutions, servo track writing technology and disk processing solutions for high-volume manufacturing environments, enabling customers to produce highly reliable disk drives with increased efficiency and at lower cost.
As disk drive technology is a fundamental building block of any network storage system, Xyratex’s leadership in developing disk drive test and process automation equipment, combined with our experience in developing high-density network storage subsystems, provides a unique perspective for understanding data storage market needs, allowing innovation to be leveraged across the entire product range.
The synergistic relationships between Xyratex's technology, our customers and their markets are shown below.
To find out more about Xyratex:
- Click here for the Corporate Brochure.
- Click here for the Corporate Overview.
Xyratex is the trading name of Xyratex Technology Limited.
Registered office situated in England and Wales.
Registration number: 03134912.
Registered address: Langstone Road, Havant, Hampshire PO9 1SA
VAT number GB643 3531 54
http://www.xyratex.com/
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