Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
) 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 $0.87 (-1.6%) to $54.53 on heavy volume. Throughout the day, 16,212,358 shares of SanDisk exchanged hands as compared to its average daily volume of 4,143,400 shares. The stock ranged in price between $53.09-$54.60 after having opened the day at $53.78 as compared to the previous trading day's close of $55.40. Other companies within the Computer Hardware industry that declined today were:
), down 10.5%,
), down 5.3%,
), down 5.1% and
), down 5.1%.
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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 $13.9 billion and is part of the technology sector. Shares are up 27.4% year to date as of the close of trading on Monday. Currently there are 16 analysts that rate SanDisk a buy, 1 analyst rates it a sell, and 4 rate it a hold.
TheStreet Ratings rates
. 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. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.
- You can view the full SanDisk Ratings Report.
On the positive front,
), up 10.4%,
), up 4.0%,
), up 3.4% and
), up 2.8% , were all gainers within the computer hardware industry with
) being today's featured computer hardware industry leader.
- Use our computer hardware section to find industry-relevant news.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer hardware industry could consider
) while those bearish on the computer hardware industry could consider
- Find other investment ideas from our top rated ETFs lists.