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 higher today making it today's featured computer hardware winner. The industry as a whole closed the day up 0.5%. By the end of trading, SanDisk rose $0.83 (1.4%) to $57.97 on light volume. Throughout the day, 3,455,670 shares of SanDisk exchanged hands as compared to its average daily volume of 4,755,600 shares. The stock ranged in a price between $57.04-$58.31 after having opened the day at $57.05 as compared to the previous trading day's close of $57.14. Other companies within the Computer Hardware industry that increased today were: Hutchinson Technology ( HTCH), up 7.5%, Mad Catz Interactive ( MCZ), up 7.4%, Rimage Corporation ( RIMG), up 6.6% and Gigamon ( GIMO), up 4.6%.
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 $13.3 billion and is part of the technology sector. Shares are up 27.1% year to date as of the close of trading on Wednesday. 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.