OCZ Technology Tops Nasdaq Stock Performers on Earnings Halo

OCZ Technology’s (NASDAQ:OCZ) stock continues to soar after Wednesday’s record-breaking second quarter earnings report.

The technology company, a leading provider of high-performance solid-state drives for computing devices and systems, reported high revenue increases through the market’s adoption of its cost-effective, high performance SSDs in the second quarter. It also incurred a guidance hike.

Enterprise storage stocks piggybacking on the stock’s good news includes Stec Inc. (NASDAQ:STEC), Seagate Technology, Inc. (NASDAQ:STX), Quantum Corporation (NYSE:QTM), EMC Corporation (NYSE:EMC), NetApp, Inc. (NASDAQ:NTAP) and Brocade Communications Systems, Inc. (NASDAQ:BRCD).

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Following is some stock price performance information on OCZ Technology:

  • OCZ Technology (NASDAQ:OCZ): The shares recently traded at $5.68, up $0.71, or 14.29%, on the day.  The shares have traded in a 52-week range of $2.60 to $10.94 and its market capitalization is $293.8 million.  About the company: OCZ Technology Group, Inc. designs, manufactures, and distributes enterprise and consumer solid state drives (SSDs). The Company also offers power management and memory solutions utilized in computing, industrial, multimedia editing and entertainment performance computing.

(Note: Selected financial data are sourced from Google Finance.  All data are assumed to be accurate.)

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