SOURCE: Paragon Financial Limited

Paragon Financial Limited

February 03, 2012 08:20 ET

Old Technologies Drive Western Digital - Brocade Focused on Innovation

The Paragon Report Provides Equity Research on Brocade Communications & Western Digital

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 Brocade Communications Systems, Inc. (NASDAQ: BRCD) and Western Digital Corporation (NYSE: WDC). 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. In late January Brocade Communications announced "significant" advancements in its cloud-optimized application delivery switches designed to help customers gain greater application control and service scalability.

HDD company Western Digital said adjusted earnings in its fiscal second quarter came to $1.51 per share, well above the 65 cents per share that analysts polled by FactSet were looking for.

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