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Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

Aruba Networks



) pushed the Computer Hardware industry lower today making it today's featured Computer Hardware laggard. The industry as a whole closed the day down 0.5%. By the end of trading, Aruba Networks fell $0.61 (-2.7%) to $22.26 on light volume. Throughout the day, 1,463,836 shares of Aruba Networks exchanged hands as compared to its average daily volume of 2,640,000 shares. The stock ranged in price between $22.23-$22.90 after having opened the day at $22.66 as compared to the previous trading day's close of $22.87. Other companies within the Computer Hardware industry that declined today were:

Performance Technologies



), down 11.4%,

Juniper Networks



), down 9.6%,

Rimage Corporation



), down 5.4% and

Super Micro Computer



), down 4.9%.

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Aruba Networks, Inc. provides network access solutions for the mobile enterprises worldwide. Aruba Networks has a market cap of $2.5 billion and is part of the technology sector. The company has a P/E ratio of 371.1, above the S&P 500 P/E ratio of 17.7. Shares are up 7.4% year to date as of the close of trading on Tuesday.

TheStreet Ratings rates Aruba Networks as a


. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and increase in net income. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, premium valuation and relatively poor performance when compared with the S&P 500 during the past year.

On the positive front,

M/A-COM Technology Solutions Holdings



), down 4.8%,

OCZ Technology Group



), down 4.0%,

Silicon Graphics International



), down 3.3% and

Datalink Corporation



), down 2.7% , were all gainers within the computer hardware industry with




) 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



) while those bearish on the computer hardware industry could consider

ProShares Ultra Short Semiconductor




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