NEW YORK, NY -- (Marketwire) -- 11/22/11 -- While new tablet computers such as the iPad threaten to eat into traditional computer company's revenues, the Data Storages Devices Industry seems well insulated from this. Low cost data storage options do not seem to be affected by higher end products. Furthermore, with the increase in popularity of new technology that supports media rich content, customers are again looking to supplement their technology arsenals with data storage devices. The Paragon Report examines the outlook for companies in the Computer Storage Devices Industry and provides stock research on Fusion-IO Inc. (NYSE: FIO) and OCZ Technology Group Inc. (NASDAQ: OCZ). Access to the full company reports can be found at:
An overall shift towards cloud computing has ramped up the demand for offsite data storage centers. 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 rapidly growing demand for data storage has predictably brought lots of competition as well.
Fusion-IO is the "world's first enterprise flash platform." The company's memory-based computing hardware can significantly ramp up performance of applications in a data center. David Flynn, Fusion-IO chairman and chief executive officer argues that the "acceleration of cloud computing and virtualization is only exacerbating this challenge for IT departments around the globe. We believe we are well positioned to lead the transformation in data delivery by helping organizations deliver the right data, to the right application, at the right time, and doing so with a compelling return on investment."
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This year a large majority of major Data Storage companies have been reporting dramatic increases in demand for their products. According to Standard & Poor's key drivers in the industry's rebound have been content digitization of old media such as paper and film, longer record retention for compliance with government regulations as well as the increasing popularity of social networks.
OCZ Technology Group, Inc. is a leader in the design, manufacturing, and distribution of high performance and reliable Solid-State Drives (SSDs) and premium computer components. Earlier this month the company refined its revenue guidance for fiscal 2012 ending on February 29, 2012. Revenue is now expected to be towards the top end of the revenue range of $320 to $350 million, previously provided on October 5, 2011.
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