Research Reports on Data Storage Devices Equities -- Seagate Technology, Brocade Communications, Western Digital, and Dataram
NEW YORK, March 15, 2017 /PRNewswire/ --
Stock-Callers.com draws investors' attention to four equities in the Data Storage Devices industry: Seagate Technology PLC (NASDAQ: STX), Brocade Communications Systems Inc. (NASDAQ: BRCD), Western Digital Corp. (NASDAQ: WDC), and Dataram Corp. (NASDAQ: DRAM). These companies are part of the Technology sector, which was mostly underwater in late trading on Tuesday, March 14th, 2017, with shares of Tech companies in the S&P 500 posting a collective 0.3% retreat. Learn more about these stocks by accessing their free research reports at:
http://stock-callers.com/registration
Seagate Technology
On Tuesday, shares in Dublin, Ireland headquartered Seagate Technology PLC recorded a trading volume of 3.49 million shares. The stock ended the session 1.83% lower at $46.70. The Company's shares have gained 0.52% in the last one month, 20.53% over the previous three months, and 22.35% on an YTD basis. The stock is trading 6.85% above its 50-day moving average and 33.33% 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 a Relative Strength Index (RSI) of 53.05.
On February 13th, 2017, Seagate Technology announced that its portfolio hard drives and solid-state drives designed to meet stringent federal security standards now integrate with advanced encryption key management software and services from Fornetix, LLC. The integration gives federal government agencies another line of defense against external and internal cybersecurity threats by providing a more secure and easier way to manage and ensure data encryption. Free research report on STX is available at:
http://stock-callers.com/registration/?symbol=STX
Brocade Communications
San Jose, California headquartered Brocade Communications Systems Inc.'s stock closed the day 0.08% higher at $12.39 with a total trading volume of 2.84 million shares. The Company's shares have advanced 1.10% in the past month and 0.53% in the previous three months. The stock is trading 0.17% and 17.68% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Brocade Communications Systems, which provides storage area networking and Internet protocol networking solutions for businesses and organizations worldwide, have an RSI of 59.02.
On February 27th, 2017, Ruckus Wireless, a part of Brocade, announced collaboration with Amdocs, a leading provider of software and services to communications and media companies, to deliver customizable, managed cloud Wi-Fi service to service providers. Ruckus Service Provider Cloud leverages industry-leading access points and a cloud-managed, virtualized software platform to deliver a vertically integrated Wi-Fi and LTE offering to service providers, fully managed by Amdocs. The complimentary research report on BRCD can be downloaded at:
http://stock-callers.com/registration/?symbol=BRCD
Western Digital
Shares in Irvine, California headquartered Western Digital Corp. recorded a trading volume of 2.36 million shares. The stock ended yesterday's trading session flat at $75.70. The Company's shares have advanced 12.60% over the previous three months and 11.41% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 0.76% and 29.12%, respectively. Furthermore, shares of Western Digital, which together with its subsidiaries, develops, manufactures, and sells data storage devices and solutions worldwide, have an RSI of 50.87.
On March 01st, 2017, research firm Cowen reiterated its 'Outperform' rating on the Company's stock with an increase of the target price from $89 a share to $90 a share.
On March 14th, 2017, Western Digital announced that it has successfully priced $2.985 billion of new US dollar-denominated term B-2 loans at an interest rate of LIBOR + 2.75%, which priced 100 basis points lower than its previous term B-1 loans issued in August 2016. This new financing marks the Company's second successful repricing of US dollar-denominated term B loans since issuing its original term B loans in connection with its acquisition of SanDisk Corporation in May 2016. The new financing is expected to generate annual cash interest savings of approximately $30 million beginning on March 14th, 2017, resulting from the 100 basis point reduction in interest spread. The new term loans have the same remaining tenor as the previous US dollar-denominated term B loans and mature on April 29th, 2023. Visit us today and access our complete research report on WDC at:
http://stock-callers.com/registration/?symbol=WDC
Dataram
Princeton, New Jersey headquartered Dataram Corp.'s stock finished Tuesday's session 1.75% lower at $1.13 with a total trading volume of 27,666 shares. The Company's shares are trading below their 50-day moving average by 24.39%. Shares of the Company, which develops, manufactures, and markets memory products primarily used in enterprise servers and workstations worldwide, have an RSI of 28.12.
On March 09th, 2017, Dataram announced a Special Meeting of Shareholders to be held at the offices of Sichenzia Ross Ference Kesner LLP at 61 Broadway 32nd floor NY, NY 10006 on March 30th, 2017, at 10:00 a.m. ET. Get free access to your research report on DRAM at:
http://stock-callers.com/registration/?symbol=DRAM
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