Key Developments: Xyratex Ltd (XRTX.O)
10.51USD
21 May 2013
$-0.05 (-0.47%)
$10.74
$10.53
$10.59
$10.49
90,231
144,926
$13.80
$6.96
Latest Key Developments (Source: Significant Developments)
Xyratex Ltd Issues Q2 2013 Guidance; Revenue Guidance Below Analysts' Estimates
Xyratex Ltd announced that for the second quarter of 2013, it expects revenue to be in the range of $190 million to $220 million. Fully diluted earnings per share is anticipated to be between a loss of $0.21 and earnings of $0.03 on a GAAP basis. On a non-GAAP basis, fully diluted earnings per share is anticipated to be between a loss of $0.15 and earnings of $0.09. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $203 million and EPS of $(0.13) for the second quarter of 2013. Full Article
Xyratex Ltd Announces Management Change
Xyratex Ltd announced that Steve Barber has stepped down as Chief Executive Officer (CEO) and as a member of the Board of Directors, effective April 2. The Board has appointed Ernie Sampias as Interim Chief Executive Officer to ensure a smooth transition and to lead the Xyratex executive team while the Board conducts a search for a permanent CEO. The Board is being assisted in this process by a executive search firm. Full Article
Xyratex Ltd Issues Q1 2013 Mixed Guidance
Xyratex Ltd announced that for the first quarter of 2013, it expects revenue to be in the range of $159 million to $189 million, net loss per share of between $0.08 and $0.28 on a GAAP basis and on a non-GAAP basis the Company anticipates recording a net loss per share of between $0.01 and $0.21. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $207 million and EPS of $(0.23) for the first quarter of 2013. Full Article
Xyratex Ltd Declares Special Dividend and Accelerated Quarterly Dividend
Xyratex Ltd announced that its Board of Directors has declared a one-time, special cash dividend of USD 2.00 per share. The special cash dividend will be distributed on December 31, 2012 to shareholders of record as at the close of business on December 27, 2012. The Company’s Board of Directors has also declared a quarterly cash dividend of USD 0.075 per common share and approved the acceleration of the dividend payable date to December 31, 2012 to shareholders of record at the close of business on December 27, 2012. The quarterly dividend would otherwise have been declared in January 2013 with the Company’s quarterly earnings results for the fourth quarter of fiscal 2012. The payment of any future cash dividends will be at the discretion of Xyratex’s Board of Directors and will be dependent upon the Company’s financial position, results of operations, available cash, cash flow, capital requirements and other factors deemed relevant by the board of directors. Full Article
Xyratex Ltd Issues Q4 2012 Guidance Below Analysts' Estimates; Declares Cash Dividend
Xyratex Ltd announced that for the fourth quarter of 2012, it expects revenue to be in the range of $235 million to $285 million and a loss per share (EPS) of between $0.15 and $0.43 on a non-GAAP basis. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $328 million and EPS of $0.49 for the fourth quarter of 2012. The Company also announced that its Board of Directors has approved a quarterly cash dividend of $0.075 per share, unchanged from the prior quarter. The dividend will be payable on October 30, 2012 to shareholders of record as of the close of business on October 16, 2012. This dividend represents a quarterly payout of approximately $2.0 million in aggregate, or $8.0 million on an annualized basis. Full Article
Xyratex Ltd Lowers Q3 2012 Revenue Guidance
Xyratex Group Limited announced that for the third quarter of 2012, it expects revenue to be between $271 million and $276 million compared to the previously guided revenue range of $313 million to $373 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $344 million for the third quarter of 2012. Full Article
Xyratex Group Limited Issues Q3 2012 Guidance In Line With Analysts' Estimates; Declares Quarterly Cash Dividend
Xyratex Group Limited announced that for the third quarter of 2012, it expects revenue to be in the range of $313 million to $373 million and fully diluted earnings per share (EPS) is anticipated to be between $0.31 and $0.69 on a GAAP basis. On a non-GAAP basis, fully diluted earnings per share (EPS) is anticipated to be between $0.39 and $0.77. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $350 million and EPS of $0.47 for the third quarter of 2012. The Company also announced that its Board of Directors has approved a quarterly cash dividend of $0.075 per share, unchanged from the prior quarter. The dividend will be payable on August 1, 2012 to shareholders of record as of the close of business on July 19, 2012. This dividend represents a quarterly payout of approximately $2.0 million in aggregate, or $8.0 million on an annualized basis. Full Article
Xyratex Group Limited Issues Q2 2012 Guidance In Line With Analysts' Estimates
Xyratex Group Limited announced that for second quarter of 2012, it expects revenue to be in the range of $297-$357 million and fully diluted earnings per share (EPS) is anticipated to be between $0.08-$0.35 on a GAAP basis. On a non-GAAP basis, fully diluted earnings per share is anticipated to be between $0.16-$0.43. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $342 million and EPS of $0.35 for second quarter of 2012. Full Article
Xyratex Group Limited Enters OEM Partnership With Pure Storage
Xyratex Group Limited announced that Pure Storage has chosen Xyratex as a strategic OEM partner for its all-flash enterprise storage array, the FlashArray. Pure Storage selected the Xyratex OneStor Application Platform as the basis for its architecture, which leverages the benefits of flash memory, with inline de-duplication and compression to bring flash based solutions into the mainstream enterprise market. The agreement benefits Pure Storage customers by providing an enterprise platform solution that eliminates additional hardware costs, cabling and complexity of installation while minimizing footprint requirements. Xyratex's OneStor Application Platform consolidates storage system infrastructure to minimize space and cost by combining compute, memory and server intelligence into a single enclosure. Full Article
Xyratex Group Limited Declares Quarterly Cash Dividend
Xyratex Group Limited announced that its Board of Directors (the Board) has approved a quarterly cash dividend of $0.065 per share. The dividend will be payable on February 29, 2012 to shareholders of record as of the close of business on February 15, 2012. Full Article
BRIEF-Xyratex down 8 pct in extended trading
NEW YORK, Jan 10 - Xyratex Ltd : * Shares drop 8 percent in extended trading after results
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