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Hewlett-Packard Co (HPQ): Today's Featured Computer Hardware Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Hewlett-Packard ( HPQ) pushed the Computer Hardware industry lower today making it today's featured Computer Hardware laggard. The industry as a whole closed the day down 1.2%. By the end of trading, Hewlett-Packard fell 23 cents (-1.8%) to $12.85 on average volume. Throughout the day, 34.9 million shares of Hewlett-Packard exchanged hands as compared to its average daily volume of 27.4 million shares. The stock ranged in price between $12.36-$13.10 after having opened the day at $13.08 as compared to the previous trading day's close of $13.08. Other companies within the Computer Hardware industry that declined today were: XRS ( XRSC), down 31.5%, Sycamore Networks ( SCMR), down 21.5%, Dell ( DELL), down 7.3%, and Xplore Technologies Corporation Class A ( XLRT), down 7.2%.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

Hewlett-Packard Company and its subsidiaries provide products, technologies, software, solutions, and services to individual consumers and small- and medium-sized businesses (SMBs), as well as to the government, health, and education sectors worldwide. Hewlett-Packard has a market cap of $25.83 billion and is part of the technology sector. The company has a P/E ratio of -4.7, below the S&P 500 P/E ratio of 17.7. Shares are down 49.2% year to date as of the close of trading on Thursday. Currently there are three analysts that rate Hewlett-Packard a buy, eight analysts rate it a sell, and 14 rate it a hold.

TheStreet Ratings rates Hewlett-Packard as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, weak operating cash flow and generally high debt management risk.

On the positive front, Mitek Systems ( MITK), up 6.4%, Key Tronic Corporation ( KTCC), up 5%, Hauppauge Digital ( HAUP), up 5%, and Lantronix ( LTRX), up 3.7%, were all gainers within the computer hardware industry with Western Digital Corporation ( WDC) being today's featured computer hardware industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer hardware industry could consider iShares Dow Jones US Technology ( IYW) while those bearish on the computer hardware industry could consider ProShares Ultra Short Semiconductor ( SSG).

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