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

Hewlett-Packard was a winner within the computer hardware industry, rising $0.40 (1.6%) to $25.58 on light volume
By TheStreet Wire ,

Hewlett-Packard

(

HPQ

) pushed the Computer Hardware industry higher today making it today's featured computer hardware winner. The industry as a whole closed the day up 1.4%. By the end of trading, Hewlett-Packard rose $0.40 (1.6%) to $25.58 on light volume. Throughout the day, 12,749,130 shares of Hewlett-Packard exchanged hands as compared to its average daily volume of 18,540,100 shares. The stock ranged in a price between $25.20-$25.75 after having opened the day at $25.29 as compared to the previous trading day's close of $25.18. Other companies within the Computer Hardware industry that increased today were:

Gigamon

(

GIMO

), up 13.3%,

Stratasys

(

SSYS

), up 7.8%,

Datalink Corporation

(

DTLK

), up 6.5% and

Quantum Corporation

(

QTM

), up 5.1%.

Hewlett-Packard Company and its subsidiaries provide 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 $48.3 billion and is part of the technology sector. Shares are up 76.7% year to date as of the close of trading on Wednesday. Currently there are 3 analysts that rate Hewlett-Packard a buy, 5 analysts rate it a sell, and 15 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 good cash flow from operations and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity.

On the negative front,

Performance Technologies

(

PTIX

), down 5.6%,

Interphase

(

INPH

), down 3.9% and

Dell

(

DELL

), down 2.1%.

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

).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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