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 0.6%. By the end of trading, SanDisk fell $1.98 (-2.6%) to $74.30 on heavy volume. Throughout the day, 5,867,460 shares of SanDisk exchanged hands as compared to its average daily volume of 3,858,400 shares. The stock ranged in price between $73.46-$75.81 after having opened the day at $75.81 as compared to the previous trading day's close of $76.28. Other companies within the Computer Hardware industry that declined today were: Nimble Storage ( NMBL), down 9.4%, Fusion-io ( FIO), down 4.3%, Identive Group ( INVE), down 3.9% and Interphase ( INPH), down 3.9%.

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 $17.3 billion and is part of the technology sector. Shares are up 8.1% year to date as of the close of trading on Thursday. Currently there are 13 analysts that rate SanDisk a buy, 3 analysts rate 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, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front, Overland Storage ( OVRL), up 4.0%, Radisys Corporation ( RSYS), up 3.8%, voxeljet ( VJET), up 3.6% and Echelon Corporation ( ELON), up 3.5% , were all gainers within the computer hardware industry with Riverbed Technology ( RVBD) 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).

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