Technical Roundup on Data Storage Devices Stocks -- Brocade Communications Systems, Western Digital, Seagate Technology, and Nimble Storage

NEW YORK, December 2, 2016 /PRNewswire/ --

Stock-Callers.com draws investors' attention to these Data Storage Devices equities ahead of today's trading session: Brocade Communications Systems Inc. (NASDAQ: BRCD), Western Digital Corp. (NASDAQ: WDC), Seagate Technology PLC (NASDAQ: STX), and Nimble Storage Inc. (NYSE: NMBL). These companies belong to the Technology sector which fell for a second straight day on Thursday, December 01^st, 2016, with shares of Tech companies in the S&P 500 posting a 2.1% decline. Sign up today and download for free the research reports for the stocks covered today at:

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Brocade Communications Systems  

San Jose, California headquartered Brocade Communications Systems Inc.'s stock finished Thursday's session 0.08% higher at $12.35 with a total trading volume of 5.48 million shares. Over the last month and the previous three months, the Company's shares have advanced 9.88% and 37.15%, respectively. Additionally, the stock has gained 36.78% since the start of this year. Shares of the Company are trading above their 50-day and 200-day moving averages by 18.51% and 29.33%, respectively. Moreover, shares of Brocade Communications Systems, which provides storage area networking and Internet protocol networking solutions for businesses and organizations worldwide, have a Relative Strength Index (RSI) of 74.09.

On November 3^rd, 2016, research firm Wunderlich downgraded the Company's stock rating from 'Hold' to 'Sell', issuing a target price of $11 per share.

On November 22^nd, 2016, Brocade announced that Quanta Computer, the world's largest manufacturer of notebook computers, has deployed Brocade-powered New IP networks at factories within its key manufacturing site. The deployment of Brocade IP networking solutions at both the company's network edge and its data center, simplifies operations at the Quanta Shanghai Manufacturing City plants and paves the way for the company to employ Software-Defined Networking. BRCD complete research report is just a click away at:

http://stock-callers.com/registration/?symbol=BRCD

Western Digital  

Shares in Irvine, California headquartered Western Digital Corp. declined 3.22%, ending yesterday's session at $61.61. A total volume of 5.50 million shares was traded, which was above their three months average volume of 4.89 million shares. The stock has gained 7.63% in the past month, 34.15% in the previous three months, and 5.76% on an YTD basis. Shares of the Company, which together with its subsidiaries, develops, manufactures, and sells data storage devices and solutions worldwide, are trading 6.83% above their 50-day moving average and 27.13% above their 200-day moving average. Moreover, Western Digital's stock has an RSI of 57.66.

On November 30^th, 2016, Western Digital announced that at its Investor Day on December 6^th 2016, executives will discuss topics including the company's ongoing strategic transformation, market positioning, growth opportunities, and financial model. The complimentary report on WDC can be downloaded at:

http://stock-callers.com/registration/?symbol=WDC

Seagate Technology  

On Thursday, Dublin, Ireland headquartered Seagate Technology PLC's stock saw a decline of 4.96% from its previous closing price of $40.10, to close the day at $38.11. A total volume of 5.52 million shares was traded, which was higher than their three months average volume of 4.69 million shares. The Company's shares have advanced 13.05% in the last one month, 15.04% in the previous three months, and 11.41% on an YTD basis. The stock is trading 4.22% and 26.02% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Seagate Technology, which designs, produces, and distributes electronic data storage technology and solutions in Singapore, the US, the Netherlands, and internationally, have an RSI of 51.89.

On November 15^th, 2016, Seagate Technology unveiled the Seagate IronWolf™ Pro for NAS applications. Built to help small-to-midsize enterprises better manage the massive amounts of data they create and consume, IronWolf Pro empowers SMEs to keep the right data ready for use with extreme workload rates of up to 300TB, and blistering fast access, so they can quickly discover and capitalize on new business opportunities. IronWolf Pro now comes standard with a two-year Seagate Rescue Data Recovery Service Plan. Sign up for your complimentary report on STX at:

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Nimble Storage  

Shares in San Jose, California headquartered Nimble Storage Inc. ended the day 1.85% lower at $7.44. A total volume of 1.24 million shares was traded, which was above their three months average volume of 1.12 million shares. The stock is trading below its 200-day moving average by 5.15%. Furthermore, shares of Nimble Storage, which provides flash storage platforms primarily in the US, have an RSI of 37.82.

On November 22^nd, 2016, Nimble Storage reported that total revenue increased 26% to $102.0 million for Q3 FY17, up from $80.7 million in Q3 FY16. The company's GAAP net loss for Q3 FY17 was $39.3 million, or $0.45 per share, compared to a net loss in Q3 FY16 of $28.6 million, or $0.36 per share. Nimble Storage's non-GAAP gross margin for Q3 FY17 was 66.0% compared to 66.9% in Q3 FY16. Download the research report for free on NMBL at:

http://stock-callers.com/registration/?symbol=NMBL

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