Emulex Stock Hits New 52-Week Low (ELX)

NEW YORK ( TheStreet) -- Emulex Corporation (NYSE: ELX) hit a new 52-week low Monday as it is currently trading at $6.10, below its previous 52-week low of $6.13 with 502,567 shares traded as of 1:40 p.m. ET. Average volume has been 1.4 million shares over the past 30 days.

Emulex has a market cap of $579.3 million and is part of the technology sector and computer hardware industry. Shares are down 45.1% year to date as of the close of trading on Friday.

Emulex Corporation provides network convergence solutions that connect servers, storage, and networks within the data center.
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TheStreet Ratings rates Emulex as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. You can view the full Emulex Ratings Report.

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