SOURCE: Paragon Financial Limited

Paragon Financial Limited

February 03, 2012 08:20 ET

Data Storage Companies Performing Well in Early Stages of 2012

The Paragon Report Provides Equity Research on Seagate Technology & NetApp

NEW YORK, NY--(Marketwire - Feb 3, 2012) - Shares of companies focused on data storage have performed well in 2012 as a shortage of disk drives due to last year's devastating Thailand floods boosted the Hard Disk Drive (HDD) market, while new technologies in other segments of the industry give businesses a fresh approach to meet data storage requirements. The Paragon Report examines the outlook for companies in the Computer Storage Devices Industry and provides stock research on Seagate Technology PLC (NYSE: STX) and NetApp, Inc. (NASDAQ: NTAP). Access to the full company reports can be found at:

When Seagate Technologies reported fiscal second quarter earnings earlier this week, the company's earnings statement said large customers were more willing to sign long-term agreements to ensure supply continuity due to the shortage of HDDs. Research firm Gartner said last month that the major impact of the HDD shortage after the floods will be felt in the first half of this year, and even potentially continue through the year.

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 and get exclusive access to our numerous stock reports and industry newsletters.

According to an IBM Survey, 57 percent of IT decision makers believed that their businesses needed a fresh approach to meet the data storage requirements. The survey led IBM officials to argue that 2012 could see new heights achieved in storage research and business models.

Seagate Technology announced that it made $563 million, or $1.28 per share, in the quarter that ended Dec. 31, compared with $150 million, or 31 cents per share, a year earlier. Revenue grew 17.5 percent to $3.2 billion as the company shipped 47 million disk drives.

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