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Data Storage Industry Benefits From New Growth DriversThe Paragon Report Provides Equity Research on Brocade Communications & Western Digital (October 24, 2011)
NEW YORK, NY -- (Marketwire) -- 10/24/11 -- While new tablet computers such as the iPad threaten to eat into traditional computer companies' revenues, the Data Storages Devices Industry seems well insulated from this. Low cost data storage options do not seem to be affected by higher end products. Furthermore, with the increase in popularity of new technology that supports media rich content, customers are again looking to supplement their technology arsenals with data storage devices. The Paragon Report examines the outlook for companies in the Computer Storage Devices Industry and provides stock research on Brocade Communications Systems, Inc. (NASDAQ: BRCD) and Western Digital Corporation (NYSE: WDC). Access to the full company reports can be found at:
An overall shift towards cloud computing has ramped up the demand for offsite data storage centers. Companies are increasingly looking to cloud computing environments in order to accelerate value in business financials and reduce costs. Driven by the growth of cloud computing, cloud storage is quickly growing from a relatively small percentage of the overall IT market to a sustainable and significant opportunity. The rapidly growing demand for data storage has predictably brought lots of competition as well.
The Paragon Report provides investors with an excellent first step in their due diligence by providing daily trading ideas, and consolidating the public information available on them. For more investment research on the Computer Storage Devices Industry register with us free at www.paragonreport.com and get exclusive access to our numerous stock reports and industry newsletters.
This year a large majority of major Data Storage companies have been reporting dramatic increases in demand for their products. According to Standard & Poor's key drivers in the industry's rebound have been content digitization of old media such as paper and film, longer record retention for compliance with government regulations as well as the increasing popularity of social networks.
The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at http://www.paragonreport.com/disclaimer
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