QLogic Corp. QLGC NASDAQ

QLogic Corp. (QLGC) generated $121.52M in operating cash flow for fiscal year 2016. After capital expenditures of $26.76M, free cash flow was $94.76M.

Free cash flow margin was 20.6% of revenue. Cash conversion ratio was 2.62x, indicating earnings are backed by cash.

The company returned $78.86M in share buybacks to shareholders during the period.

Criteria supported by this page:

• HEALTH (100/100, Pass) — demonstrate the company can comfortably service its debt
• MOAT (43/100, Fail) — limited free cash flow weakens the competitive position
• INCOME (55/100) — Cash conversion ratio was 2.62x confirms earnings are backed by real cash flow

Overall SharesGrow Score: 63/100 with 2/7 criteria passed.