Zacks Investment Research downgraded shares of EMULEX CORP (ELX) from OUTPERFORM to NEUTRAL on January 14, 2014, with a target price of $8.50.
Emulex is a leading designer, developer and supplier of a broad line of fibre channel host adapters, hubs, ASICs and software products that enhance access to and storage of electronic data and applications. Their products are based on internally developed ASIC technology, are deployable across a variety of heterogeneous network configurations and operating systems, and support increasing volumes of stored data.
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