EMC Corporation (EMC): Today's Featured Technology Laggard

EMC Corporation (EMC) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day down 1.6%. By the end of trading, EMC Corporation fell 25 cents (-1%) to $24.80 on average volume. Throughout the day, 16.3 million shares of EMC Corporation exchanged hands as compared to its average daily volume of 19.9 million shares. The stock ranged in price between $24.28-$24.93 after having opened the day at $24.50 as compared to the previous trading day's close of $25.05. Other company's within the Technology sector that declined today were: Nexxus Lighting (NEXS), down 16.6%, Recon Technology (RCON), down 14.2%, Helios & Matheson Information Technology In (HMNY), down 12.7%, and Internet Gold Golden Lines (IGLD), down 11.2%.

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EMC Corporation develops, delivers, and supports the information and virtual infrastructure technologies and solutions. EMC Corporation has a market cap of $53.46 billion and is part of the computer hardware industry. The company has a P/E ratio of 21.9, equal to the average computer hardware industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 16.3% year to date as of the close of trading on Friday. Currently there are 27 analysts that rate EMC Corporation a buy, no analysts rate it a sell, and two rate it a hold.

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

• You can view the full EMC Ratings Report.

On the positive front, GeoEye (GEOY), up 34.7%, Phazar Corporation (ANTP), up 19.5%, Frequency Electronics (FEIM), up 15%, and Synacor (SYNC), up 12.6%, were all gainers within the technology sector with NVIDIA Corporation (NVDA) being today's featured technology sector leader.

• 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 EMC Corporation click any of the following:

• EMC Corporation Stock Price

• EMC Corporation Analyst Ratings

• EMC Corporation Key Stats & Profile

• EMC Corporation Earnings

• EMC Corporation Ratio Comparison

• EMC Corporation Growth Rates

• EMC Corporation Balance Sheet

• EMC Corporation Cash Flow

• EMC Corporation Income Statement