Skip to main content

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.

EMC Corporation



) pushed the Computer Hardware industry higher today making it today's featured computer hardware winner. The industry as a whole was unchanged today. By the end of trading, EMC Corporation rose $0.41 (1.7%) to $24.02 on average volume. Throughout the day, 26,840,435 shares of EMC Corporation exchanged hands as compared to its average daily volume of 22,185,600 shares. The stock ranged in a price between $23.53-$24.08 after having opened the day at $23.55 as compared to the previous trading day's close of $23.61. Other companies within the Computer Hardware industry that increased today were:

Violin Memory



), up 14.3%,

China TechFaith Wireless Comm Tech



), up 7.8%,

Nimble Storage



TheStreet Recommends

), up 2.6% and




), up 2.2%.

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 $48.4 billion and is part of the technology sector. The company has a P/E ratio of 18.8, above the S&P 500 P/E ratio of 17.7. Shares are down 6.7% year to date as of the close of trading on Wednesday. Currently there are 23 analysts that rate EMC Corporation a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates

EMC Corporation

as a


. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the negative front,

Overland Storage



), down 7.6%,

Video Display Corporation



), down 7.4%,

Identive Group



), down 5.1% and

OCZ Technology Group



), down 5.1% , were all laggards within the computer hardware industry with




) being today's computer hardware industry laggard.

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




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