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 up 0.5%. By the end of trading, Western Digital Corporation rose $0.69 (1.3%) to $53.29 on average volume. Throughout the day, 3,585,881 shares of Western Digital Corporation exchanged hands as compared to its average daily volume of 2,861,900 shares. The stock ranged in a price between $51.79-$54.10 after having opened the day at $52.18 as compared to the previous trading day's close of $52.60. Other companies within the Computer Hardware industry that increased today were:
), up 10.6%,
), up 10.0%,
), up 9.4% and
), up 9.0%.
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Western Digital Corporation, through its subsidiaries, engages in the development, manufacture, and sale of storage products and solutions that enable people to create, manage, experience and preserve digital content. Western Digital Corporation has a market cap of $12.7 billion and is part of the technology sector. The company has a P/E ratio of 6.6, below the S&P 500 P/E ratio of 17.7. Shares are up 23.8% year to date as of the close of trading on Thursday.
TheStreet Ratings rates Western Digital Corporation as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. 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 Western Digital Corporation Ratings Report.
On the negative front,
), down 5.3%,
), down 4.5%,
), down 4.5% and
), down 3.2% , 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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