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

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

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

Today's pre-market research on 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:

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:

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:

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:


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. 


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 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.  


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. 


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

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: 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