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$14.39 0.09 (0.63%)
8/29/2008 3:58 PM

Xyratex Ltd. (XRTX)

CAPS Rating:
*****

The Company is a provider of modular enterprise-class data storage solutions and storage process technology. It designs, develops and manufactures enabling technology that provides its customers with data storage products.

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Avatar NeroSagetrade (90.11) Submitted: 10/15/07 12:17 AM : Underperform Start Price: $19.14 XRTX Score: 7.23

You've got to be kidding me...not a single underperform rating here. Are we looking at the same company? Xyratex is in the midst of a pretty major sales decline and it isnt going to simply go away in a single quarter. Their products are good, but their customers are not buying like they were in 2005. Sales declined in the most recent quarter and it created a huge drop in profits. I would fully expect lower earnings expectations over the next 3-6 months and based on a clear break in the technicals on the two year chart, id say a head and shoulders formation is highly probable (that'd have bearish connotations). No way this beats the S&P over the next 2-6 months.





Nero


Sagetrade

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