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

Stock quotes in this article: HPQ

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.

Hewlett-Packard ( HPQ) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day down 2.4%. By the end of trading, Hewlett-Packard fell $0.42 (-1.3%) to $31.58 on light volume. Throughout the day, 9,028,683 shares of Hewlett-Packard exchanged hands as compared to its average daily volume of 13,242,900 shares. The stock ranged in price between $31.43-$31.93 after having opened the day at $31.83 as compared to the previous trading day's close of $32.00. Other companies within the Technology sector that declined today were: CommVault Systems ( CVLT), down 30.6%, CalAmp ( CAMP), down 24.4%, Mellanox Technologies ( MLNX), down 15.3% and Digi International ( DGII), down 14.1%.

Hewlett-Packard Company, together with its subsidiaries, provides products, technologies, software, solutions, and services to individual consumers, small-and medium-sized businesses (SMBs), and large enterprises, including customers in the government, health, and education sectors worldwide. Hewlett-Packard has a market cap of $60.2 billion and is part of the computer hardware industry. Shares are up 14.4% year to date as of the close of trading on Thursday. Currently there are 8 analysts that rate Hewlett-Packard a buy, 2 analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Hewlett-Packard as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and attractive valuation levels. However, as a counter to these strengths, we find that the company's profit margins have been poor overall.

On the positive front, Vasco Data Security International ( VDSI), up 19.0%, Itron ( ITRI), up 10.9%, VirnetX ( VHC), up 9.3% and Premiere Global Services ( PGI), up 7.7% , were all gainers within the technology sector with Cirrus Logic ( CRUS) being today's featured technology sector leader.

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).

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