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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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 down 0.5%. By the end of trading, SanDisk fell $0.73 (-1.3%) to $57.03 on average volume. Throughout the day, 4,678,595 shares of SanDisk exchanged hands as compared to its average daily volume of 4,652,900 shares. The stock ranged in price between $56.70-$58.23 after having opened the day at $57.66 as compared to the previous trading day's close of $57.76. Other companies within the Computer Hardware industry that declined today were: China TechFaith Wireless Comm Tech ( CNTF), down 6.7%, Gigamon ( GIMO), down 6.4%, SMART Technologies ( SMT), down 4.9% and Quantum Corporation ( QTM), down 4.8%.

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 $13.8 billion and is part of the technology sector. Shares are up 32.8% year to date as of the close of trading on Tuesday. Currently there are 15 analysts that rate SanDisk a buy, 1 analyst rates it a sell, and 4 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. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the positive front, Super Micro Computer ( SMCI), up 11.2%, Lantronix ( LTRX), up 5.2%, Video Display Corporation ( VIDE), up 4.2% and Xplore Technologies Corporation ( XPLR), up 3.9% , were all gainers within the computer hardware industry with Finisar Corporation ( FNSR) 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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