Western Digital Corporation (WDC): Today's Featured Computer Hardware Winner

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.

Western Digital Corporation ( WDC) pushed the Computer Hardware industry higher today making it today's featured computer hardware winner. The industry as a whole closed the day down 1.2%. By the end of trading, Western Digital Corporation rose $1.28 (2.1%) to $62.00 on average volume. Throughout the day, 2,845,515 shares of Western Digital Corporation exchanged hands as compared to its average daily volume of 2,262,800 shares. The stock ranged in a price between $60.30-$62.19 after having opened the day at $60.93 as compared to the previous trading day's close of $60.72. Other companies within the Computer Hardware industry that increased today were: Astro-Med ( ALOT), up 9.6%, Overland Storage ( OVRL), up 2.5%, Dataram Corporation ( DRAM), up 1.8% and Hauppauge Digital ( HAUP), up 1.5%.

Western Digital Corporation, through its subsidiaries, develops, manufactures, and sells storage products and solutions that enable people to create, manage, experience, and preserve digital content. Western Digital Corporation has a market cap of $14.8 billion and is part of the technology sector. Shares are up 42.9% year to date as of the close of trading on Thursday. Currently there are 7 analysts that rate Western Digital Corporation a buy, 2 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Western Digital Corporation 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, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, Lantronix ( LTRX), down 6.8%, Rimage Corporation ( RIMG), down 5.0%, Imation Corporation ( IMN), down 4.6% and Immersion Corporation ( IMMR), down 4.1% , were all laggards within the computer hardware industry with Brocade Communications Systems ( BRCD) 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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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