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 higher today making it today's featured computer hardware winner. The industry as a whole closed the day up 0.9%. By the end of trading, EMC rose $0.39 (1.5%) to $25.80 on average volume. Throughout the day, 22,840,029 shares of EMC exchanged hands as compared to its average daily volume of 21,446,500 shares. The stock ranged in a price between $25.30-$25.85 after having opened the day at $25.39 as compared to the previous trading day's close of $25.41. Other companies within the Computer Hardware industry that increased today were:
), up 17.5%,
), up 10.5%,
), up 7.9% and
), up 6.2%.
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EMC Corporation develops, delivers, and supports information infrastructure and virtual infrastructure technologies, solutions, and services. It operates in three segments: Information Storage, Information Intelligence Group, and RSA Information Security. EMC has a market cap of $51.4 billion and is part of the technology sector. The company has a P/E ratio of 20.9, above the S&P 500 P/E ratio of 17.7. Shares are up 0.7% year to date as of the close of trading on Tuesday. Currently there are 22 analysts that rate EMC a buy, no analysts rate it a sell, and 5 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full EMC Ratings Report.
On the negative front,
), down 11.5%,
), down 6.7%,
), down 4.9% and
), down 4.0% , were all laggards within the computer hardware industry with
) being today's computer hardware industry laggard.
- Use our computer hardware section to find industry-relevant news.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer hardware industry could consider
) while those bearish on the computer hardware industry could consider
- Find other investment ideas from our top rated ETFs lists.