June 13, 2013 at 10:55 AM EDT
Technical Briefing on BRCD, NTAP, FIO, QTM, and ELX
StockCall.com Provides Stock Research on Brocade Communications Systems Inc., NetApp Inc., Fusion-io Inc., Quantum Corp., and Emulex Corp.
New York City, New York -- (June 13, 2013)
The increasing data usage has created demand for data storage products and services in the U.S. as well as globally over the past few years. Another key trend to emerge in the data storage device industry has been the increasing demand for Solid State Drives (SSDs). The demand for SSDs is being driven mainly by increasing use of smartphones and tablets. However, cloud storage could create a significant challenge for SSDs. Over the past few years, several companies have shifted from local to cloud servers. If the trend continues, then enterprise demand for SSDs could be negatively impacted. On Wednesday, June 12, 2013, shares in data storage device makers ended mostly lower, thus tracking losses in the broader market. The major movers in the sector included Brocade Communications Systems Inc. (NASDAQ: BRCD), NetApp Inc. (NASDAQ: NTAP), Fusion-IO Inc. (NYSE: FIO), Quantum Corp. (NYSE: QTM), and Emulex Corporation (NYSE: ELX). StockCall has posted free technical research reports on BRCD, NTAP, FIO, QTM, and ELX and these can be accessed by signing up at
Shares in Brocade Communications Systems Inc. moved higher on Wednesday, extending their gains for the week. The company’s shares ended the day 1.02% higher at $5.83 after trading between $5.77 and $5.90. A total of 10.19 million shares were exchanged throughout the session which is above the daily average volume of 9.67 million. BRCD’s shares have grown over 3.70% so far this week even as the broader market has struggled. Download the free report on BRCD upon registration at
NetApp Inc.’s stock saw gains on Wednesday even as the broader market fell sharply. The company’s shares ended the day 0.45% higher at $38.34 after trading between $38.21 and $38.80. It also experienced a total of 7.44 million shares traded which is well below the daily average volume of 10.60 million. So far this year, the company’s shares have grown nearly 14.30%. The stock is currently trading 2.07% below its 52-week high. NTAP technical report can be accessed for free by signing up at
Shares in Fusion-IO Inc. fell sharply yesterday while it posted its day’s range between $13.77 and $14.65. FIO finished the day 3.32% lower at $13.98. A total of 3.36 million shares were exchanged which is well below the daily average volume of 5.44 million. So far this year, company shares have fallen over 39%, thus underperforming the S&P 500. Free report on FIO can be accessed by registering at
Quantum Corp.’s stock ended slightly lower on Wednesday, extending its losses for the week. Shares of the company ended the day 0.67% lower at $1.48 after trading between $1.47 and $1.51. A total of 762,608 shares were traded, which is well below the daily average volume of 1.67 million. Shares of QTM have now fallen nearly 2% so far this week.Register withStockCall and download the research on QTM for free at
Shares in Emulex Corporation moved lower yesterday, finishing at $6.42, down 1.38% from its previous closing price. The company’s shares traded between $6.37 and $6.55 on a total of 519,845 shares traded. Its daily average volume is 703,882. So far this year, the stock has fallen over 12%, thus underperforming the S&P 500. Read the full free research on ELX by signing up to StockCall at
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