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 down 0.3%. By the end of trading, EMC Corporation fell $0.34 (-1.4%) to $23.75 on average volume. Throughout the day, 22,149,440 shares of EMC Corporation exchanged hands as compared to its average daily volume of 19,566,200 shares. The stock ranged in price between $23.55-$24.01 after having opened the day at $24.01 as compared to the previous trading day's close of $24.09. Other companies within the Computer Hardware industry that declined today were:
), down 11.3%,
), down 9.6%,
), down 8.3% and
), down 6.5%.
- EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass
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 $49.3 billion and is part of the technology sector. The company has a P/E ratio of 19.1, above the S&P 500 P/E ratio of 17.7. Shares are down 4.8% year to date as of the close of trading on Friday. Currently there are 24 analysts that rate EMC Corporation a buy, no analysts rate it a sell, and 3 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, notable return on equity and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.
- You can view the full EMC Corporation Ratings Report.
On the positive front,
), up 19.1%,
), up 9.8%,
), up 4.5% and
), up 4.1% , 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
) while those bearish on the computer hardware industry could consider
- Find other investment ideas from our top rated ETFs lists.