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 Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day down 0.4%. By the end of trading, Western Digital Corporation fell 85 cents (-2.4%) to $34.43 on heavy volume. Throughout the day, 11.4 million shares of Western Digital Corporation exchanged hands as compared to its average daily volume of 4.3 million shares. The stock ranged in price between $32.25-$35.15 after having opened the day at $32.50 as compared to the previous trading day's close of $35.28. Other companies within the Technology sector that declined today were:
), down 30.6%,
), down 14.7%,
), down 14%, and
), down 10.4%.
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Western Digital Corporation, through its subsidiaries, engages in the development, manufacture, and sale of storage products that enable people to create, manage, experience, and preserve digital content. The company principally offers hard drives comprising 3.5-inch and 2.5-inch form factors. Western Digital Corporation has a market cap of $8.55 billion and is part of the computer hardware industry. The company has a P/E ratio of 5.3, equal to the average computer hardware industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 12.7% year to date as of the close of trading on Monday. Currently there are eight analysts that rate Western Digital Corporation a buy, no analysts rate it a sell, and 10 rate it a hold.
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 Ratings Report.
On the positive front,
), up 20.7%,
), up 14.8%,
), up 14%, and
), up 10.9%, were all gainers within the technology sector with
) being today's featured technology sector leader.
- Use our technology section to find sector-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 technology sector could consider
) while those bearish on the technology sector could consider
- Find other investment ideas from our top rated ETFs lists.
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