Data Storage Devices Stocks on Investors' Radar -- Brocade Communications Systems, Western Digital, Seagate Technology, and Nimble Storage
NEW YORK, January 27, 2017 /PRNewswire/ --
In today's pre-market research, Stock-Callers.com reviews the following four equities: Brocade Communications Systems Inc. (NASDAQ: BRCD), Western Digital Corp. (NASDAQ: WDC), Seagate Technology PLC (NASDAQ: STX), and Nimble Storage Inc. (NYSE: NMBL). These Data Storage Devices companies are engaged in the manufacturing of devices that allow the storage and retrieval of data from computers. Major data storage devices include internal and external hard disk drives, optical disc, and component devices. Learn more about these stocks by downloading their comprehensive and free reports at:
http://stock-callers.com/registration
Brocade Communications Systems
California headquartered Brocade Communications Systems Inc.'s shares saw a slight decline of 0.08%, finishing Thursday's trading session at $12.47. A total volume of 3.10 million shares was traded. In the last one month and the previous three months, the stock has advanced 0.16% and 42.98%, respectively. The Company's shares are trading above their 50-day and 200-day moving averages by 0.48% and 25.03%, 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 53.30.
On January 24th, 2017, Brocade announced that Ricoh Company, Ltd has migrated to an Ethernet fabric network within its Yokohama data center. The deployment of switches supporting Brocade® VCS® Fabric technology enables Ricoh to greatly reduce network operating costs and complexity within its data center while providing the Company with a far more agile infrastructure. BRCD complete research report is just a click away and free at:
http://stock-callers.com/registration/?symbol=BRCD
Western Digital
On Thursday, shares in California headquartered Western Digital Corp. recorded a trading volume of 9.95 million shares, which was above their three months average volume of 4.55 million shares. The stock ended the session 1.94% lower at $78.47. The Company's shares have gained 12.34% in the last one month, 47.37% in the previous three months, and 15.48% on an YTD basis. The stock is trading 17.24% above its 50-day moving average and 49.12% above its 200-day moving average. Furthermore, shares of Western Digital, which together with its subsidiaries, develops, manufactures, and sells data storage devices and solutions worldwide, have an RSI of 72.00.
On January 25th, 2017, Western Digital reported revenue of $4.9 billion, operating income of $545 million and net income of $235 million, or $0.80 per share, for Q2 FY17 compared to revenue of $3.3 billion, operating income of $251 million, and net income of $251 million, or $1.07 per share, for Q2 FY16. The Company generated $1.1 billion in cash from operations during Q2 FY17, ending with approximately $5.2 billion of total cash and cash equivalents, and available-for-sale securities.
Yesterday, research firm Stifel reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $80 a share to $105 a share. The complimentary report on WDC can be downloaded at:
http://stock-callers.com/registration/?symbol=WDC
Seagate Technology
Shares in Ireland headquartered Seagate Technology PLC closed at $43.90, up 2.88% from the last trading session. The stock recorded a trading volume of 14.69 million shares, which was higher than its three months average volume of 4.72 million shares. The Company's shares have gained 12.25% in the last one month, 30.20% over the previous three months, and 15.01% since the start of this year. The stock is trading 14.36% and 41.63% 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 74.70.
On January 24th, 2017, Seagate reported revenue of $2.9 billion, gross margin of 30.8%, net income of $297 million, and diluted earnings per share of $1.00 for Q2 FY17. During Q2 FY17, the Company generated $656 million in cash flow from operations, paid cash dividends of $188 million, and repurchased 4.1 million ordinary shares for $147 million.
On January 25th, 2017, research firm The Benchmark Company reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $45 a share to $50 a share. Sign up for your complimentary research report on STX at:
http://stock-callers.com/registration/?symbol=STX
Nimble Storage
At the closing bell yesterday, shares in San Jose, California headquartered Nimble Storage Inc. ended 3.37% lower at $8.59 with a total trading volume of 635,769 shares. The stock has advanced 6.58% in the last one month, 7.51% in the previous three months, and 8.46% on an YTD basis. The Company's shares are trading above their 50-day and 200-day moving averages by 3.77% and 7.59%, respectively. Furthermore, shares of Nimble Storage, which provides flash storage platforms primarily in the US, have an RSI of 56.49.
On January 09th, 2017, research firm Pacific Crest upgraded the Company's stock rating from 'Sector Weight' to 'Overweight'. Get free access to your research report on NMBL at:
http://stock-callers.com/registration/?symbol=NMBL
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