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

Western Digital Corporation (WDC) pushed the Computer Hardware industry lower today making it today's featured Computer Hardware laggard. The industry as a whole closed the day down 1.4%. By the end of trading, Western Digital Corporation fell 51 cents (-1.6%) to $31.77 on average volume. Throughout the day, 4.3 million shares of Western Digital Corporation exchanged hands as compared to its average daily volume of five million shares. The stock ranged in price between $31.40-$32.26 after having opened the day at $32.24 as compared to the previous trading day's close of $32.28. Other company's within the Computer Hardware industry that declined today were: Lexmark International (LXK), down 12.7%, Radcom (RDCM), down 10.9%, Socket Mobile (SCKT), down 7.6%, and Dataram Corporation (DRAM), down 6.6%.

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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 $8.34 billion and is part of the technology sector. The company has a P/E ratio of 7.5, equal to the average computer hardware industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 4.3% 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.

On the positive front, Palo Alto Networks (PANW), up 7.8%, SMART Technologies (SMT), up 7%, Mitek Systems (MITK), up 6.6%, and Performance Technologies (PTIX), up 4%, were all gainers within the computer hardware industry with Aruba Networks (ARUN) being today's featured computer hardware industry leader.

• Use our computer hardware section to find industry-relevant news.
• Or find some new ideas from our top rated stocks lists.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer hardware industry could consider iShares Dow Jones US Technology (IYW) while those bearish on the computer hardware industry could consider ProShares Ultra Short Semiconductor (SSG).

• Find other investment ideas from our top rated ETFs lists.

 

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