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New Trends in Data Storage "Cloud" Industry's Future

^{Published on 2011-02-15 08:30:31 - Market Wire}
 

NEW YORK, NY--(Marketwire - February 15, 2011) - Earnings season was not kind to key players in the Data Storage industry following a string of disappointing quarterly reports. While muted PC Demand was detrimental to most in the sector, perhaps the bigger concern going forward is that many of the industry heavyweights simply aren't prepared for the shift to cloud computing. The Bedford Report examines the outlook for companies in the Data Storage Devices Industry and provides research reports on Western Digital Corporation (NYSE: [ WDC ]) and Brocade Communications Systems, Inc. (NASDAQ: [ BRCD ]). Access to the full company reports can be found at:

[ www.bedfordreport.com/2011-02-BRCD ]

[ www.bedfordreport.com/2011-02-WDC ]

An overall shift towards cloud computing has ramped up the demand for offsite data storage centers. The rapidly growing demand for data storage has predictably brought lots of competition as well. Larger storage companies have simply found acquisitions to be a more viable way to deal with the uptick in competition.

Companies are increasingly looking 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 Bedford Report releases regular market updates on the Data Storage Devices Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at [ www.bedfordreport.com ] and get exclusive access to our numerous analyst reports and industry newsletters.

Western Digital said net income for the most recent quarter fell to $225 million, or 96 cents per share, from $429 million, or $1.85 a share, in the year-ago period. During its most recent earnings call, Western Digital's management said they predict that Q1 disk drive unit shipments will total 155 million, down from 168 million last quarter.

The Bedford Report provides Analyst Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above mentioned publicly traded companies. The Bedford 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.bedfordreport.com/disclaimer ]