By: Forbes Real Time
April 22, 2013 at 17:06 PM EDT
Western Digital Is Worth $60 And Here's Why
Western Digital Corporation, one of the leading providers of electronic data storage products, has also seen its stock rise by more than 25% at one point this year to touch an all-time high of $53.75. Favorable trends for the overall storage sector can be accredited for this broad-based rally in the sector. Increasing demand for rich formats such as HD for media consumption is leading to growth in demand for high capacity disk drive solutions. In addition, the growth in cloud computing demand is boosting high capacity storage demand from enterprises.
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