EMC Corporation (EMC): 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.
(
) pushed the Computer Hardware industry lower today making it today's featured Computer Hardware laggard. The industry as a whole closed the day up 0.5%. By the end of trading, EMC Corporation fell $0.30 (-1.2%) to $25.22 on light volume. Throughout the day, 13,733,771 shares of EMC Corporation exchanged hands as compared to its average daily volume of 21,640,300 shares. The stock ranged in price between $25.15-$25.46 after having opened the day at $25.37 as compared to the previous trading day's close of $25.52. Other companies within the Computer Hardware industry that declined today were:
(
), down 6.8%,
(
), down 5.2%,
(
), down 4.5% and
(
), down 3.5%.
EMC Corporation, together with its subsidiaries, develops, delivers, and supports information infrastructure and virtual infrastructure technologies, solutions, and services. EMC Corporation has a market cap of $53.8 billion and is part of the technology sector. Shares are up 0.9% year to date as of the close of trading on Friday. Currently there are 26 analysts that rate EMC Corporation a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
EMC Corporation
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.
- You can view the full EMC Corporation Ratings Report.
On the positive front,
(
), up 24.1%,
(
), up 5.8%,
(
), up 5.2% and
Silicon Graphics International
(
), up 5.1% , were all gainers within the computer hardware industry with
(
) being today's featured computer hardware industry leader.
- Use our computer hardware section to find industry-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 computer hardware industry could consider
iShares Dow Jones US Technology
(
) while those bearish on the computer hardware industry could consider
ProShares Ultra Short Semiconductor
(
).
- Find other investment ideas from our top rated ETFs lists.
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