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 Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day down 0.2%. By the end of trading, SanDisk fell $1.55 (-2.3%) to $65.85 on average volume. Throughout the day, 4,951,033 shares of SanDisk exchanged hands as compared to its average daily volume of 4,157,900 shares. The stock ranged in price between $65.78-$67.40 after having opened the day at $67.36 as compared to the previous trading day's close of $67.40. Other companies within the Technology sector that declined today were:
), down 12.8%,
), down 11.3%,
), down 11.1% and
), down 10.7%.
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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 $15.2 billion and is part of the computer hardware industry. The company has a P/E ratio of 17.8, above the S&P 500 P/E ratio of 17.7. Shares are up 55.0% 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
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations, compelling growth in net income, notable return on equity and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.
- You can view the full SanDisk Ratings Report.
On the positive front,
), up 72.1%,
), up 25.0%,
), up 19.1% and
), up 12.6% , were all gainers within the technology sector with
) being today's featured technology sector leader.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider
) while those bearish on the technology sector could consider
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