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

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.

SanDisk ( SNDK) pushed the Computer Hardware industry higher today making it today's featured computer hardware winner. The industry as a whole closed the day down 0.2%. By the end of trading, SanDisk rose $1.08 (2.2%) to $50.39 on average volume. Throughout the day, 4.1 million shares of SanDisk exchanged hands as compared to its average daily volume of 4.3 million shares. The stock ranged in a price between $49.87-$50.90 after having opened the day at $50.18 as compared to the previous trading day's close of $49.31. Other companies within the Computer Hardware industry that increased today were: STEC ( STEC), up 6%, XRS ( XRSC), up 5.3%, Key Tronic Corporation ( KTCC), up 5.2%, and Interphase ( INPH), up 4.1%.
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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 $11.96 billion and is part of the technology sector. The company has a P/E ratio of 29.1, above the S&P 500 P/E ratio of 17.7. Shares are up 13.7% year to date as of the close of trading on Monday. Currently there are 17 analysts that rate SanDisk a buy, one analyst rates it a sell, and five 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, good cash flow from operations, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, Dataram Corporation ( DRAM), down 11.4%, Acorn Energy ( ACFN), down 6.4%, Xplore Technologies Corporation Class A ( XPLR), down 4.4%, and Teradata Corporation ( TDC), down 3.7%, were all laggards within the computer hardware industry with Juniper Networks ( JNPR) being today's computer hardware industry laggard.

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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