SanDisk Corp (SNDK): 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.

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 1.5%. By the end of trading, SanDisk rose $1.15 (1.4%) to $84.80 on average volume. Throughout the day, 3,702,893 shares of SanDisk exchanged hands as compared to its average daily volume of 4,301,200 shares. The stock ranged in a price between $83.44-$85.20 after having opened the day at $83.65 as compared to the previous trading day's close of $83.65. Other companies within the Computer Hardware industry that increased today were: Crossroads Systems ( CRDS), up 11.8%, voxeljet ( VJET), up 7.9%, Mad Catz Interactive ( MCZ), up 7.5% and Ruckus Wireless ( RKUS), up 6.7%.

SanDisk Corporation designs, develops, manufactures, and markets data storage products that are used in various consumer electronics products. SanDisk has a market cap of $18.7 billion and is part of the technology sector. Shares are up 18.6% year to date as of the close of trading on Monday. Currently there are 14 analysts that rate SanDisk a buy, 3 analysts rate 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, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the negative front, Overland Storage ( OVRL), down 5.7%, Nimble Storage ( NMBL), down 4.1% and China TechFaith Wireless Comm Tech ( CNTF), down 1.7% , were all laggards within the computer hardware industry with Lexmark International ( LXK) 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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