Top 5 Promising Companies To Buy Right Now

Top 5 Promising Companies To Buy Right Now: QLogic Corporation(QLGC)

QLogic Corporation engages in the design and supply of storage networking, high performance computing networking, and converged networking infrastructure solutions. It offers various host products, including fiber channel and Internet small computer systems interface (iSCSI) host bus adapters; fiber channel over Ethernet (FCoE) converged network adapters; and intelligent Ethernet adapters. The company also provides network products, which consist of fiber channel switches, including stackable edge switches, bladed switches, virtualized pass-through modules, and high-port count modular-chassis switches; Ethernet pass-through modules; and storage routers for bridging fiber Channel, FCoE, and iSCSI networks, as well as for migrating data between storage devices. In addition, it offers silicon products comprising fiber channel, iSCSI, converged network, and Ethernet controllers. Further, the company involves in the design and development of application-specific integrated circ uits, adapters, and switches based on fiber channel, iSCSI, FCoE, and Ethernet technologies. Its products are used in server, workstation, and storage subsystem solutions that are used by small, medium, and large enterprises with various business data requirements. The company sells its products to original equipment manufacturers and distributors worldwide. QLogic Corporation was founded in 1992 and is headquartered in Aliso Viejo, California.

Advisors' Opinion:

• [By Sean Williams]

  This week's winner
  It certainly wasn't a great week for the broad-based S&P 500, which dipped 2.4% over the past five trading sessions. That didn't seem to matter much to network equipment manufacturer QLogic (NASDAQ: QLGC  ) , which added on 3.7% this week following a restructuring plan announcement on Tuesday. The company's plan involves job cuts and streamlining its operations in order to save $20 million annually. Alth! ough it'll incur some negative impact on its GAAP earnings in the interim, I highly doubt this changes the long-term outlook or consistent profitability that drew me to own QLogic in the first place.

• [By Eric Volkman]

  In turn, it bumps QLogic (NASDAQ: QLGC  ) from that index to the S&P SmallCap 600. Finally, QLogic's shift completely displaces Coldwater Creek (NASDAQ: CWTR  ) , which will no longer be on the S&P SmallCap 600.

source from Top Penny Stocks For 2015:http://www.seekpennystocks.com/top-5-promising-companies-to-buy-right-now-2.html