SanDisk Corp (SNDK): Today's Featured Computer Hardware Laggard
(
) pushed the Computer Hardware industry lower today making it today's featured Computer Hardware laggard. The industry as a whole closed the day up 0.1%. By the end of trading, SanDisk fell $1.82 (-2.9%) to $60.02 on average volume. Throughout the day, 4,340,918 shares of SanDisk exchanged hands as compared to its average daily volume of 4,159,700 shares. The stock ranged in price between $59.78-$62.59 after having opened the day at $62.32 as compared to the previous trading day's close of $61.84. Other companies within the Computer Hardware industry that declined today were:
(
), down 4.2%,
(
), down 3.8%,
(
), down 3.4% and
(
), down 3.0%.
Sandisk Corporation designs, develops, manufactures, and markets flash storage card products that are used in various consumer electronics products. SanDisk has a market cap of $14.9 billion and is part of the technology sector. Shares are up 42.2% year to date as of the close of trading on Friday. Currently there are 15 analysts that rate SanDisk a buy, 1 analyst rates it a sell, and 5 rate it a hold.
TheStreet Ratings rates
SanDisk
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in net income, 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 SanDisk Ratings Report.
On the positive front,
(
), up 12.8%,
(
), up 5.8%,
(
), up 5.6% and
(
), up 5.1% , were all gainers within the computer hardware industry with
Brocade Communications Systems
(
) 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
(
) while those bearish on the computer hardware industry could consider
ProShares Ultra Short Semiconductor
(
).
- Find other investment ideas from our top rated ETFs lists.
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