Western Digital Corporation (WDC): Today's Featured Computer Hardware Winner

Western Digital Corporation (WDC) pushed the Computer Hardware industry higher today making it today's featured computer hardware winner. The industry as a whole closed the day up 1.1%. By the end of trading, Western Digital Corporation rose $1.14 (3.8%) to $30.98 on light volume. Throughout the day, 2.3 million shares of Western Digital Corporation exchanged hands as compared to its average daily volume of 5.1 million shares. The stock ranged in a price between $29.80-$31.03 after having opened the day at $29.90 as compared to the previous trading day's close of $29.84. Other companies within the Computer Hardware industry that increased today were: Mitek Systems (MITK), up 8.1%, OCZ Technology Group (OCZ), up 7.2%, Radcom (RDCM), up 5.5%, and Lexmark International (LXK), up 4.8%.

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Western Digital Corporation, through its subsidiaries, provides solutions for the collection, storage, management, protection, and use of digital content primarily audio and video worldwide. The company's principal product includes hard drives comprising 3.5-inch and 2.5-inch form factors. Western Digital Corporation has a market cap of $7.93 billion and is part of the technology sector. The company has a P/E ratio of 7.1, equal to the average computer hardware industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 3.6% year to date as of the close of trading on Monday. Currently there are nine analysts that rate Western Digital Corporation a buy, no analysts rate it a sell, and nine rate it a hold.

TheStreet Ratings rates Western Digital Corporation as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, attractive valuation levels, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

• You can view the full Western Digital Ratings Report.

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For more information on Western Digital Corporation click any of the following:

• Western Digital Corporation Stock Price

• Western Digital Corporation Analyst Ratings

• Western Digital Corporation Key Stats & Profile

• Western Digital Corporation Earnings

• Western Digital Corporation Ratio Comparison

• Western Digital Corporation Growth Rates

• Western Digital Corporation Balance Sheet

• Western Digital Corporation Cash Flow

• Western Digital Corporation Income Statement