Tech Stocks Under Scanner -- Brocade Communications Systems, Western Digital, Seagate Technology, and Daktronics
NEW YORK, October 19, 2016 /PRNewswire/ --
Stock-Callers.com today has issued research reports on the following stocks: Brocade Communications Systems Inc. (NASDAQ: BRCD), Western Digital Corp. (NASDAQ: WDC), Seagate Technology PLC (NASDAQ: STX), and Daktronics Inc. (NASDAQ: DAKT). These companies belong to the Technology sector which was higher on Tuesday, October 18, 2016, with shares of tech companies in the S&P 500 rising nearly 0.7%. You can access of our complimentary research reports on these stocks now at: http://stock-callers.com/registration
Brocade Communications Systems
On Tuesday, shares in San Jose, California headquartered Brocade Communications Systems Inc. recorded a trading volume of 2.37 million shares and ended the day at $8.74, climbing 0.81%, from the last trading session. The stock is trading below its 200-day moving average by 3.38%. Shares of the Company, which provides storage area networking and Internet protocol networking solutions for businesses and organizations worldwide, have a Relative Strength Index (RSI) of 34.04.
On September 20th, 2016, Brocade announced continued momentum for its Gen 6 Fibre Channel storage networking solutions with availability from its key OEM partners, including Dell EMC, Fujitsu, and NetApp. This announcement is in addition to Hitachi Data Systems shipping Brocade® Gen 6 directors, blade, and switch since July, reinforcing Fibre Channel as the protocol of choice for mission-critical enterprise storage.
On October 04th, 2016, research firm DA Davidson initiated a 'Buy' rating on the Company's stock, issuing a target price of $12 per share. Visit us today and download your complete report on BRCD for free at: http://stock-callers.com/registration/?symbol=BRCD
Western Digital
Irvine, California headquartered Western Digital Corp.'s stock finished yesterday's session 1.52% higher at $53.99, with a total trading volume of 3.13 million shares. The Company's shares have gained 4.98% over the previous three months. The stock is trading above its 50-day and 200-day moving averages by 5.08% and 15.74%, respectively. Furthermore, shares of Western Digital, which together with its subsidiaries, engages in the development, manufacture, sale, and provision of data storage solutions that enable consumers, businesses, governments, and other organizations to create, manage, experience, and preserve digital content worldwide, have an RSI of 45.70.
On October 12th, 2016, research firm Maxim Group reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $85 a share to $88 a share.
On October 17th, 2016, Western Digital announced that two of its most compelling data center devices are now certified for use with VMware® environments, including the high-capacity yet cost-effective SanDisk-branded CloudSpeed™ Eco Gen. II SATA solid state drive (SSD) and the HGST-branded Ultrastar® SN100 PCI Express NVMe SSD, which was rated in VMware's highest performance class. Either used independently or together for enhanced data center benefits, these SSDs bring consistent performance and rapid responsiveness to virtual desktops, databases, e-mail, cloud services, and other business-critical applications. The complimentary research report on WDC can be accessed at: http://stock-callers.com/registration/?symbol=WDC
Seagate Technology
At the closing bell on Tuesday, shares in Dublin, Ireland headquartered Seagate Technology PLC rose 0.94%, ending the day at $35.34. The stock recorded a trading volume of 5.50 million shares, which was above its three months average volume of 4.78 million shares. The Company's shares have advanced 17.91% in the previous three months and 3.31% on an YTD basis. The stock is trading 1.89% above its 50-day moving average and 21.58% above its 200-day moving average. Moreover, 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 45.00.
On October 11th, 2016, Seagate Technology announced selected preliminary financial information for Q1 FY17. Seagate expects to report revenue of approximately $2.8 billion, and GAAP and non-GAAP gross margin of approximately 29%. The company expects to report HDD exabyte shipments of approximately 67 exabytes, reflecting unit shipments of approximately 39 million and average capacity per drive of 1.7 terabytes.
On October 12th, 2016, research firm Needham upgraded the Company's stock rating from 'Buy' to 'Strong Buy'. The research firm also revised upwards its previous target price from $39 to $43. Register for free on Stock-Callers.com and download the PDF research report on STX at: http://stock-callers.com/registration/?symbol=STX
Daktronics
Brookings, South Dakota-based Daktronics Inc.'s stock ended the day 0.81% lower at $8.60, with a total trading volume of 62,031 shares. The Company's shares have gained 31.85% over the previous three months and 2.28% on an YTD basis. The stock is trading 12.27% above its 200-day moving average. Additionally, shares of Daktronics, which together with its subsidiaries, designs, manufactures, and sells a range of electronic display systems and related products worldwide, have an RSI of 40.85. Get free access to your research report on DAKT at: http://stock-callers.com/registration/?symbol=DAKT
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