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SanDisk Leads Storage Space with a Market Cap of $10.29 Billion

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Western Digital

Founded in 1970, Western Digital (WDC) is a California-based computer data storage firm and one of the largest manufacturers of hard disk drives globally. In the hard disk drive (or HDD) segment, Western Digital has a market share of 43%. The enterprise solid-state drive (or SSD) segment generates ~14% of total revenues. Western Digital has a market capitalization of $14.3 billion.

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Market caps for SanDisk and Seagate

Founded in 1979, Seagate (STX) is a market leader in the data storage segment and has a market cap of $10.29 billion. In the hard disk drive segment, Seagate has a market share of 41%. The enterprise solid state drive segment generates approximately 7% of total revenues.

SanDisk (SNDK) develops, designs, and manufactures flash memory storage devices. SanDisk is the third-largest manufacturer of flash memory globally. The firm was founded in 1988 and is headquartered in California. The enterprise solid state drive segment contributes ~13% of total revenues. SanDisk has a market capitalization of $15.04 billion.

There is a growing demand for an increase in HDD and SSD storage capacity as the amount of information stored has grown from megabytes to gigabytes. With an increase in storage capacity and ongoing improvement in technology, there is an opportunity for firms in this space to continue to innovate and capture market share.

Western Digital makes up 0.50% of the Technology Select Sector SPDR ETF (XLK) and 0.35% of the Powershares QQQ ETF (QQQ).

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