Stock Update : Data Storage Stocks Performer (NTAP, STX, WDC, XRTX)

Today, Data Storage Stocks climbed helped by stronger then excepted earnings from NetApp Inc. Following are some of the stock movers.

NetApp Inc. (Public, NASDAQ:NTAP) delivered fiscal fourth-quarter earnings of 50 cents a share, topping views by 6 cents. The company also topped revenue estimates and issued fiscal first-quarter profit and sales projections above Wall Street's consensus. Shares of the network storage and data management firm zoomed 13% to $36.61.

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NetApp Inc reported that its fiscal 4th quarter income more than doubled to $145.1 million, or 40 cents per share, up from $68.4 million, or 21 cents per share, a year earlier. Excluding special items, income came in at 50 cents per share. Revenue climbed to $1.17 billion, up from $879.6 million a year earlier.

Seagate Technology (Public, NASDAQ:STX) surged 6% to $15.76 on heavy volume of 8.46 million shares. So far this year, the stock is down 14.60% and recovered 90% from its 52-week low of $8.29.

Seagate Technology (Seagate) is engaged in the design, manufacture and marketing of hard disc drives.

Western Digital Corp. (Public, NYSE:WDC) climbed 5% to $36.11 with over 1.85 million shares. The major-player global hard drive manufacturer, Western Digital (WD), has awarded Redington (India) Ltd. as a national distributor to sell WD’s full range of internal & external products in India. With this appointment, WD is expected to widen its reach through Redington’s far-reaching network of over 18,700 channel partners in India.

Among the small stocks, Xyratex Ltd. (Public, NASDAQ:XRTX) is the most notable stock and soared 12% to $15.83 following about 27% fall in the past one month.

Xyratex Ltd. (Xyratex) is a provider of modular enterprise-class data storage solutions and storage process technology. It designs, develops and manufactures technology that provides its customers with data storage products to support storage and data communication networks.

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