Today's Stocks Driving Success For The Computer Hardware Industry

TheStreet highlights 3 stocks pushing the computer hardware industry higher today.
By TheStreet Wire ,

All three major indices are trading down today with the

Dow Jones Industrial Average

(

^DJI

) trading down 44 points (-0.2%) at 17,874 as of Wednesday, Nov. 4, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,080 issues advancing vs. 1,836 declining with 168 unchanged.

The Computer Hardware industry currently sits up 0.3% versus the S&P 500, which is down 0.4%.

TheStreet would like to highlight 3 stocks pushing the industry higher today:

3.

Silver Spring Networks

(

SSNI

) is one of the companies pushing the Computer Hardware industry higher today. As of noon trading, Silver Spring Networks is up $1.44 (11.0%) to $14.53 on heavy volume. Thus far, 703,638 shares of Silver Spring Networks exchanged hands as compared to its average daily volume of 247,800 shares. The stock has ranged in price between $13.66-$14.82 after having opened the day at $14.34 as compared to the previous trading day's close of $13.09.

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Silver Spring Networks, Inc. provides networking platform and solutions that enable utilities to transform the power grid infrastructure into the smart grid. The company's networking platform provides two-way communication between the utility back office and devices on the power grid. Silver Spring Networks has a market cap of $657.2 million and is part of the technology sector. Shares are up 55.3% year-to-date as of the close of trading on Tuesday. Currently there are 5 analysts who rate Silver Spring Networks a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates

Silver Spring Networks

as a

sell

. Among the areas we feel are negative, one of the most important has been poor profit margins. Get the full

Silver Spring Networks Ratings Report

now.

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2. As of noon trading,

3D Systems

(

DDD

) is up $1.04 (10.0%) to $11.48 on heavy volume. Thus far, 6.0 million shares of 3D Systems exchanged hands as compared to its average daily volume of 2.6 million shares. The stock has ranged in price between $10.01-$12.45 after having opened the day at $10.14 as compared to the previous trading day's close of $10.44.

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3D Systems Corporation, through its subsidiaries, operates as a provider of 3D printing centric design-to-manufacturing solutions in the Americas, Germany, and the Asia-Pacific, as well as other European, the Middle East, and African countries. 3D Systems has a market cap of $1.2 billion and is part of the technology sector. Shares are down 68.2% year-to-date as of the close of trading on Tuesday. Currently there are 3 analysts who rate 3D Systems a buy, 3 analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates

3D Systems

as a

sell

. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. Get the full

3D Systems Ratings Report

now.

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1. As of noon trading,

Stratasys

(

SSYS

) is up $1.46 (5.4%) to $28.68 on heavy volume. Thus far, 2.5 million shares of Stratasys exchanged hands as compared to its average daily volume of 1.1 million shares. The stock has ranged in price between $25.36-$29.85 after having opened the day at $26.01 as compared to the previous trading day's close of $27.22.

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Stratasys Ltd. provides additive manufacturing (AM) solutions for the creation of parts used in the processes of designing and manufacturing products; and for the direct manufacture of end parts. Stratasys has a market cap of $1.4 billion and is part of the technology sector. Shares are down 67.2% year-to-date as of the close of trading on Tuesday. Currently there are 10 analysts who rate Stratasys a buy, 2 analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates

Stratasys

as a

sell

. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow and feeble growth in its earnings per share. Get the full

Stratasys Ratings Report

now.

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If you are interested in one of these 3 stocks, 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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