Technical Roundup on Data Storage Devices Stocks -- Brocade Communications Systems, Western Digital, Seagate Technology, and Nimble Storage

NEW YORK, December 2, 2016 /PRNewswire/ --

Stock-Callers.com draws investors' attention to these Data Storage Devices equities ahead of today's trading session: Brocade Communications Systems Inc. (NASDAQ: BRCD), Western Digital Corp. (NASDAQ: WDC), Seagate Technology PLC (NASDAQ: STX), and Nimble Storage Inc. (NYSE: NMBL). These companies belong to the Technology sector which fell for a second straight day on Thursday, December 01^st, 2016, with shares of Tech companies in the S&P 500 posting a 2.1% decline. Sign up today and download for free the research reports for the stocks covered today at:

http://stock-callers.com/registration

Brocade Communications Systems  

San Jose, California headquartered Brocade Communications Systems Inc.'s stock finished Thursday's session 0.08% higher at $12.35 with a total trading volume of 5.48 million shares. Over the last month and the previous three months, the Company's shares have advanced 9.88% and 37.15%, respectively. Additionally, the stock has gained 36.78% since the start of this year. Shares of the Company are trading above their 50-day and 200-day moving averages by 18.51% and 29.33%, respectively. Moreover, shares of Brocade Communications Systems, which provides storage area networking and Internet protocol networking solutions for businesses and organizations worldwide, have a Relative Strength Index (RSI) of 74.09.

On November 3^rd, 2016, research firm Wunderlich downgraded the Company's stock rating from 'Hold' to 'Sell', issuing a target price of $11 per share.

On November 22^nd, 2016, Brocade announced that Quanta Computer, the world's largest manufacturer of notebook computers, has deployed Brocade-powered New IP networks at factories within its key manufacturing site. The deployment of Brocade IP networking solutions at both the company's network edge and its data center, simplifies operations at the Quanta Shanghai Manufacturing City plants and paves the way for the company to employ Software-Defined Networking. BRCD complete research report is just a click away at:

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

Western Digital  

Shares in Irvine, California headquartered Western Digital Corp. declined 3.22%, ending yesterday's session at $61.61. A total volume of 5.50 million shares was traded, which was above their three months average volume of 4.89 million shares. The stock has gained 7.63% in the past month, 34.15% in the previous three months, and 5.76% on an YTD basis. Shares of the Company, which together with its subsidiaries, develops, manufactures, and sells data storage devices and solutions worldwide, are trading 6.83% above their 50-day moving average and 27.13% above their 200-day moving average. Moreover, Western Digital's stock has an RSI of 57.66.

On November 30^th, 2016, Western Digital announced that at its Investor Day on December 6^th 2016, executives will discuss topics including the company's ongoing strategic transformation, market positioning, growth opportunities, and financial model. The complimentary report on WDC can be downloaded at:

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

Seagate Technology  

On Thursday, Dublin, Ireland headquartered Seagate Technology PLC's stock saw a decline of 4.96% from its previous closing price of $40.10, to close the day at $38.11. A total volume of 5.52 million shares was traded, which was higher than their three months average volume of 4.69 million shares. The Company's shares have advanced 13.05% in the last one month, 15.04% in the previous three months, and 11.41% on an YTD basis. The stock is trading 4.22% and 26.02% above its 50-day and 200-day moving averages, respectively. Additionally, 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 51.89.

On November 15^th, 2016, Seagate Technology unveiled the Seagate IronWolf™ Pro for NAS applications. Built to help small-to-midsize enterprises better manage the massive amounts of data they create and consume, IronWolf Pro empowers SMEs to keep the right data ready for use with extreme workload rates of up to 300TB, and blistering fast access, so they can quickly discover and capitalize on new business opportunities. IronWolf Pro now comes standard with a two-year Seagate Rescue Data Recovery Service Plan. Sign up for your complimentary report on STX at:

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

Nimble Storage  

Shares in San Jose, California headquartered Nimble Storage Inc. ended the day 1.85% lower at $7.44. A total volume of 1.24 million shares was traded, which was above their three months average volume of 1.12 million shares. The stock is trading below its 200-day moving average by 5.15%. Furthermore, shares of Nimble Storage, which provides flash storage platforms primarily in the US, have an RSI of 37.82.

On November 22^nd, 2016, Nimble Storage reported that total revenue increased 26% to $102.0 million for Q3 FY17, up from $80.7 million in Q3 FY16. The company's GAAP net loss for Q3 FY17 was $39.3 million, or $0.45 per share, compared to a net loss in Q3 FY16 of $28.6 million, or $0.36 per share. Nimble Storage's non-GAAP gross margin for Q3 FY17 was 66.0% compared to 66.9% in Q3 FY16. Download the research report for free on NMBL at:

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

--

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 info@stock-callers.com. 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: info@stock-callers.com
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