Research Reports on Tech Stocks -- Brocade Communications Systems, Seagate Technology, and Western Digital

09 Sep, 2016, 07:35 ET from Chelmsford Park SA

NEW YORK, September 9, 2016 /PRNewswire/ --

Today's pre-market research on Stock-Callers.com is focused on four Data Storage Devices equities, namely: Brocade Communications Systems Inc. (NASDAQ: BRCD), Seagate Technology PLC (NASDAQ: STX), and Western Digital Corp. (NASDAQ: WDC). According to research firm International Data Corporation, global demand for traditional data storage fell 7% in the first quarter of this year. Learn more about these stocks by accessing their free research reports at:

http://stock-callers.com/registration

Brocade Communications Systems  

San Jose, California headquartered Brocade Communications Systems Inc.'s stock finished yesterday's session 1.21% higher at $9.21. A total volume of 11.82 million shares was traded, which was above their three months average volume of 6.65 million shares. The Company's shares have gained 3.31% over the previous three months and 2.01% on an YTD basis. The stock is trading above its 200-day moving average by 2.03%. Furthermore, shares of Brocade Communications Systems, which provides storage area networking and Internet protocol networking solutions for businesses and organizations worldwide, have an RSI of 44.12.

On August 25th, 2016, Brocade reported Q3 revenue of $591 million, up 7% on y-o-y basis and up 13% sequentially. The Company reported GAAP diluted earnings per share (EPS) of $0.02, down from $0.21 in Q3 2015 and from $0.11 in Q2 2016. Non-GAAP diluted EPS was $0.21 for Q3 2016, down 21% from the year ago period and down 2% from Q2 2016.

On August 26th, 2016, research firm Wunderlich reiterated its 'Hold' rating on the Company's stock with an increase of the target price from $9 a share to $11 a share. The complimentary research report on BRCD can be downloaded at:

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

Seagate Technology  

At the closing bell on Thursday, shares in Dublin, Ireland headquartered Seagate Technology PLC saw a slight drop of 0.55%, ending the day at $36.31. The stock recorded a trading volume of 4.74 million shares. The Company's shares have advanced 11.76% in the last one month, 50.41% over the previous three months, and 4.31% since the start of this year. The stock is trading 19.19% above its 50-day moving average and 24.97% 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 74.58.

On August 9th, 2016, Seagate Technology announced two new flash innovations that extend the limits of storage computing performance in enterprise data centers to unprecedented levels. The new products include a 60 terabyte (TB) Serial Attached SCSI solid-state-drive (SSD) - the largest SSD ever demonstrated - and the 8TB Nytro® XP7200 NVMe SSD.

On September 07th, 2016, research firm Craig Hallum reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $37 a share to $50 a share. Visit us today and access our complete research report on STX at:

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

Western Digital  

Irvine, California headquartered Western Digital Corp.'s stock ended the day 0.32% higher at $53.47. A total volume of 7.12 million shares was traded, which was above their three months average volume of 5.20 million shares. The Company's shares have gained 18.09% in the last month and 12.28% over the previous three months. The stock is trading 11.89% above its 50-day moving average and 12.46% above its 200-day moving average. Additionally, 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 72.32.

On September 08th, 2016, Western Digital Corp. and Unisplendour Corp. Ltd, under Unigroup, celebrated the anticipated launch of their previously announced joint venture, which will be called Unis-WDC Storage Co., Ltd. (UNIS WDC). The new company is owned 51% by Unisplendour and 49% by Western Digital. UNIS WDC will market and sell Western Digital's datacenter storage systems, including its HGST Active Archive system, in China.

On September 08th, 2016, research firm Mizuho reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $54 a share to $60 a share. Get free access to your research report on WDC at:

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

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