For Immediate Release
Chicago, IL – March 5, 2010 – Zacks.com releases the latest Zacks Industry Rank. Stocks featured in this week’s analysis include Seagate Technology (STX), Western Digital (WDC), Teradata (TDC), Xyratex (XRTX) and Quantum (QTM).
Zacks Industry Rank Analysis is written by Dirk Van Dijk, CFA, Chief Equity Strategist for Zacks.com.
Data Storage a Keeper
When looking at the Industry Ranks, the area within Tech that I have not talked about before is Computer Storage. It is not the highest-ranked tech industry, but many of the ones that are above it have only two or three firms in them. Computer storage has 18 firms, so it is not just a case of one firm making a whole industry look good.
The storage industry (refers to storage of data, not locking computers in a closet) is currently tied for 32nd place, which is not awful considering there are 255 ranked industries. The average Zacks Rank of the industry is 2.42. Both the place on the list and the average rank are unchanged from last week.
One of the things that caught my eye was that two of the dominate firms in the industry have Zacks #1 Ranks. In computing the Industry Ranks, an un-weighted average is used, but it seems reasonable to me to highlight an industry when it is the major players that are driving the rank rather than a handful of small fries.
The two dominant players in the industry, or at least the hard disk drive niche of the industry, are Seagate Technology (STX) and Western Digital (WDC) and both carry the coveted Zacks #1 Rank. Two smaller players, Teradata (TDC) and Xyratex (XRTX) join them in having that distinction, while three more hold Zacks #2 Ranks. Only a single firm has a negative rating of #4, and that is Quantum (QTM).
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Contact: Dirk Van Dijk, CFA
Company: Zacks.com
Phone: 312-265-9211
Email: pr@zacks.com
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