SanDisk Corp (SNDK): Today's Featured Computer Hardware Loser

SanDisk ( SNDK) pushed the Computer Hardware industry lower today making it today's featured Computer Hardware loser. The industry as a whole closed the day down 0.2%. By the end of trading, SanDisk fell 50 cents (-1.4%) to $36.62 on light volume. Throughout the day, 4.2 million shares of SanDisk exchanged hands as compared to its average daily volume of 6.3 million shares. The stock ranged in price between $36.05-$37.06 after having opened the day at $36.82 as compared to the previous trading day's close of $37.12. Other company's within the Computer Hardware industry that declined today were: Crossroads Systems Incorporated ( CRDS), down 6.8%, Radcom ( RDCM), down 5.9%, Concurrent Computer Corporation ( CCUR), down 4.4%, and Logitech International S.A ( LOGI), down 3.9%.

Sandisk Corporation designs, develops, and manufactures NAND flash memory storage solutions that are used in various consumer electronics products. SanDisk has a market cap of $9.04 billion and is part of the technology sector. The company has a P/E ratio of 10.4, equal to the average computer hardware industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 24.6% year to date as of the close of trading on Tuesday. Currently there are 15 analysts that rate SanDisk a buy, one analyst rates it a sell, and seven rate it a hold.

TheStreet Ratings rates SanDisk as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.

On the positive front, iGo ( IGOI), up 13.6%, Stratasys ( SSYS), up 5.4%, Performance Technologies ( PTIX), up 5.1%, and Socket Mobile ( SCKT), up 4.5%, were all gainers within the computer hardware industry with Apple ( AAPL) being today's featured computer hardware industry winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer hardware industry could consider iShares Dow Jones US Technology ( IYW) while those bearish on the computer hardware industry could consider ProShares Ultra Short Semiconductor ( SSG).
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