Emulex Stock Falls On Unusually High Volume (ELX)

NEW YORK ( TheStreet) -- Emulex Corporation (NYSE: ELX) is trading at unusually high volume Friday with 4.3 million shares changing hands. It is currently at 4.1 times its average daily volume and trading down 49 cents (-6.8%) at $6.76 as of 3:26 p.m. ET.

Emulex has a market cap of $597.6 million and is part of the technology sector and computer hardware industry. Shares are down 37.8% year to date as of the close of trading on Thursday.

Emulex Corporation provides network convergence solutions that connect servers, storage, and networks within the data center.

TheStreet Ratings rates Emulex as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full Emulex Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

Interested in other stocks that are falling on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVDOWN to 95370 or select from multiple alert options.

null

More from Markets

China Slashes Auto Import Tariffs as Trump's Trade Push Gets Big Early Win

China Slashes Auto Import Tariffs as Trump's Trade Push Gets Big Early Win

Global Stocks Ease as Investors Focus on Dollar, Oil, Italy After US-China Truce

Global Stocks Ease as Investors Focus on Dollar, Oil, Italy After US-China Truce

Replay: Jim Cramer on Tariffs, the Market Rally, Caterpillar and Micron

Replay: Jim Cramer on Tariffs, the Market Rally, Caterpillar and Micron

Video: When Planning for Retirement, Don't Underestimate Your Life Span

Video: When Planning for Retirement, Don't Underestimate Your Life Span

Video: Here's What May Come Next for Theranos Founder and CEO Elizabeth Holmes

Video: Here's What May Come Next for Theranos Founder and CEO Elizabeth Holmes