EMC Corporation (NYSE:EMC) faces increased competition from recent startups as the data storage equipment technology continues to expand. One such company that is standing up against EMC is Pure Storage, a Mountain View, California based manufacturer of data storage devices. The company employs flash technology instead of the usual hard drivers, such as EMC, offering companies huge spaces for their vast data and business records. EMC Corporation (NYSE:EMC) net profit margin is 11.60% and weekly performance is 1.13%. On last trading day company shares ended up $26.84. Analysts mean target price for the company is $30.04. EMC Corporation (NYSE:EMC) distance from 50-day simple moving average (SMA50) is 2.08%.
Fusion-IO Inc. (NYSE:FIO) was downgraded by analysts at Piper Jaffray from an “overweight” rating to a “neutral” rating in a research report issued to clients and investors on Monday. Fusion-IO, Inc. (NYSE:FIO) shares fell -0.09% in last trading session and ended the day on $11.59. FIO gross Margin is 55.70% and its return on assets is -17.40%.Fusion-IO, Inc. (NYSE:FIO) quarterly performance is -2.77%.
Brocade Communications Systems, Inc. (NASDAQ:BRCD) has further extended its worldwide technology leadership by promoting Curt Beckmann to the role of Chief Technology Officer (CTO) for Europe, Middle East and Africa (EMEA). Previously Principal Architect, in this new role Beckmann will be responsible for leading the company’s technology strategy and product roadmap within the region, aligning technology initiatives and execution closely with customer needs. Brocade Communications Systems, Inc. (NASDAQ:BRCD) shares moved down -0.75% in last trading session and was closed at $9.28, while trading in range of $9.18 – $9.41. Brocade Communications Systems, Inc. (NASDAQ:BRCD) year to date (YTD) performance is 4.98%.
NetApp Inc. (NASDAQ:NTAP) has insisted it is committed to its smaller partners operating in the SMB channel despite betting the next stage of its growth on the enterprise. NetApp Inc. (NASDAQ:NTAP) ended the last trading day at $36.23. Company weekly volatility is calculated as 1.76% and price to cash ratio as 2.40.NetApp Inc. (NASDAQ:NTAP) showed a positive weekly performance of 1.97%.
SanDisk Corporation (NASDAQ:SNDK) said on 16 June it would acquire Fusion-io in a $1.1 billion deal net of cash that would strengthen its position in the enterprise market for solid-state drives, or SSDs. Fusion-io has become a leader in PCIe-based solutions for servers, in part because of its focus on software that complements its hardware. SanDisk Corporation (NASDAQ:SNDK) net profit margin is 18.10% and weekly performance is 3.63%. On last trading day company shares ended up $102.20. Analysts mean target price for the company is $102.71. SanDisk Corporation (NASDAQ:SNDK) distance from 50-day simple moving average (SMA50) is 13.86%.