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

SanDisk ( SNDK) pushed the Computer Hardware industry lower today making it today's featured Computer Hardware laggard. The industry as a whole closed the day up 0.1%. By the end of trading, SanDisk fell $1.82 (-2.9%) to $60.02 on average volume. Throughout the day, 4,340,918 shares of SanDisk exchanged hands as compared to its average daily volume of 4,159,700 shares. The stock ranged in price between $59.78-$62.59 after having opened the day at $62.32 as compared to the previous trading day's close of $61.84. Other companies within the Computer Hardware industry that declined today were: Overland Storage ( OVRL), down 4.2%, Echelon Corporation ( ELON), down 3.8%, Acorn Energy ( ACFN), down 3.4% and Lantronix ( LTRX), down 3.0%.

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 $14.9 billion and is part of the technology sector. Shares are up 42.2% 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 SanDisk as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in net income, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the positive front, Dot Hill Systems Corporation ( HILL), up 12.8%, Transact Technologies ( TACT), up 5.8%, Silicom ( SILC), up 5.6% and SMART Technologies ( SMT), up 5.1% , were all gainers within the computer hardware industry with Brocade Communications Systems ( BRCD) being today's featured computer hardware industry leader.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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