Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
) pushed the Computer Hardware industry higher today making it today's featured computer hardware winner. The industry as a whole closed the day down 0.5%. By the end of trading, SanDisk rose $0.84 (1.6%) to $54.26 on average volume. Throughout the day, 3,682,227 shares of SanDisk exchanged hands as compared to its average daily volume of 3,968,700 shares. The stock ranged in a price between $53.13-$54.46 after having opened the day at $53.91 as compared to the previous trading day's close of $53.42. Other companies within the Computer Hardware industry that increased today were:
), up 4.8%,
), up 4.0%,
), up 3.3% and
), up 2.7%.
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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 $12.6 billion and is part of the technology sector. The company has a P/E ratio of 27.3, above the S&P 500 P/E ratio of 17.7. Shares are up 22.8% year to date as of the close of trading on Tuesday.
TheStreet Ratings rates SanDisk as a
. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, 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 negative front,
), down 11.4%,
), down 9.6%,
), down 5.4% and
), down 4.9% , were all laggards within the computer hardware industry with
) being today's computer hardware industry laggard.
- 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.
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