NetApp Inc. (NTAP): Today's Featured Technology Winner

NetApp (NTAP) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day up 1%. By the end of trading, NetApp rose $1.72 (6%) to $30.26 on average volume. Throughout the day, 9.6 million shares of NetApp exchanged hands as compared to its average daily volume of 8.2 million shares. The stock ranged in a price between $28.83-$30.82 after having opened the day at $28.85 as compared to the previous trading day's close of $28.54. Other companies within the Technology sector that increased today were: Amphenol (APH), up 14.8%, Stratasys (SSYS), up 12.8%, VMWare (VMW), up 12.1%, and Aruba Networks (ARUN), up 11.5%.

• ACTIVE STOCK TRADERS: Check out TheStreet's special offer for Real Money, headlined by Jim Cramer, now!

NetApp, Inc. engages in the design, manufacturing, marketing, and technical support of networked storage solutions. It supplies enterprise storage and data management software, and hardware products and services. NetApp has a market cap of $10.5 billion and is part of the computer hardware industry. The company has a P/E ratio of 18.1, equal to the average computer hardware industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are down 21.1% year to date as of the close of trading on Tuesday. Currently there are 10 analysts that rate NetApp a buy, no analysts rate it a sell, and 17 rate it a hold.

TheStreet Ratings rates NetApp as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

• You can view the full NetApp Ratings Report.

On the negative front, Rovi (ROVI), down 43.3%, Tegal Corporation (TGAL), down 14.9%, RIT Technologies (RITT), down 12.3%, and Lime Energy (LIME), down 11.6%, were all losers within the technology sector with Mobile Telesystems OJSC (MBT) being today's technology sector loser.

• Use our technology section to find sector-relevant news.
• Or find some new ideas from our top rated stocks lists.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR (XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology (REW).

• Find other investment ideas from our top rated ETFs lists.

For more information on NetApp Inc. click any of the following:

• NetApp Inc. Stock Price

• NetApp Inc. Analyst Ratings

• NetApp Inc. Key Stats & Profile

• NetApp Inc. Earnings

• NetApp Inc. Ratio Comparison

• NetApp Inc. Growth Rates

• NetApp Inc. Balance Sheet

• NetApp Inc. Cash Flow

• NetApp Inc. Income Statement