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Palo Alto Networks Inc (PANW): Today's Featured Computer Hardware Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Palo Alto Networks ( PANW) pushed the Computer Hardware industry lower today making it today's featured Computer Hardware laggard. The industry as a whole closed the day up 0.7%. By the end of trading, Palo Alto Networks fell $1.51 (-3.1%) to $46.51 on average volume. Throughout the day, 1,138,353 shares of Palo Alto Networks exchanged hands as compared to its average daily volume of 840,300 shares. The stock ranged in price between $45.74-$47.73 after having opened the day at $47.50 as compared to the previous trading day's close of $48.02. Other companies within the Computer Hardware industry that declined today were: Overland Storage ( OVRL), down 5.7%, Silver Spring Networks ( SSNI), down 4.9%, Astro-Med ( ALOT), down 4.5% and Performance Technologies ( PTIX), down 4.3%.

Palo Alto Networks, Inc. operates a platform that allows enterprises, service providers, and government entities to secure their networks and safely enable various applications running on their networks. Palo Alto Networks has a market cap of $3.4 billion and is part of the technology sector. Currently there are 11 analysts that rate Palo Alto Networks a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Palo Alto Networks as a sell. Among the areas we feel are negative, one of the most important has been generally deteriorating net income.

On the positive front, China TechFaith Wireless Comm Tech ( CNTF), up 7.5%, Logitech International S.A ( LOGI), up 7.0%, Omnicell ( OMCL), up 6.2% and Datalink Corporation ( DTLK), up 4.8% , were all gainers within the computer hardware industry with 3D Systems Corporation ( DDD) 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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