Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of QLogic Corporation (NASDAQ: QLGC) violated securities laws in connection with certain financial statements.

The investigation seeks to discover if possible claims on behalf of purchasers of the securities of QLogic Corporation (NASDAQ: QLGC)concerning whether a series of statements by QLogic Corporation regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On July 9, 2015, QLogic lowered its revenue estimate for the first quarter ended June 28, 2015 claiming a general weakness in the Company’s traditional enterprise server and storage markets and inventory build-up at certain of its OEM customers. QLogic now expects to report net revenue of approximately $113 million for the first quarter; previously forecasted revenue was in the range of $124 million to $132 million.

Following the release of this news, shares of QLogic declined over $2.80 per share or over 20% in pre-market trading on July 9, 2015.

Based in Aliso Viejo, CA and founded in 1992, QLogic Corporation is a provider of high performance server and storage networking infrastructure products that provide, enhance, and manage computer data communication. The company sells its products to original equipment manufacturers and distributors worldwide.

If you purchased shares of QLogic Corporation (NASDAQ: QLGC) on or before July 9, 2015, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.

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