TMCnet News

Tech Stocks Under Scanner -- Brocade Communications Systems, Western Digital, Seagate Technology, and Daktronics
[October 19, 2016]

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 servies, 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

--

Stock Callers: 

Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. 

SC has not been compensated; directly or indirectly; for producing or publishing this document. 

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email [email protected]. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.  

NO WARRANTY 

SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. 

NOT AN OFFERING 

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://stock-callers.com/legal-disclaimer/

CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: [email protected]
Phone number:  +44 330 808 3765
Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.


SOURCE Chelmsford Park SA


[ Back To TMCnet.com's Homepage ]