EMC Corporation (EMC): Today's Featured Technology Laggard
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
.
(
) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole was unchanged today. By the end of trading, EMC Corporation fell 32 cents (-1.3%) to $24.14 on heavy volume. Throughout the day, 26.5 million shares of EMC Corporation exchanged hands as compared to its average daily volume of 15.8 million shares. The stock ranged in price between $23.98-$24.86 after having opened the day at $24.83 as compared to the previous trading day's close of $24.46. Other companies within the Technology sector that declined today were:
(
), down 18.5%,
(
), down 15.6%,
(
TheStreet Recommends
), down 15.3%, and
(
), down 14.3%.
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EMC Corporation develops, delivers, and supports the information and virtual infrastructure technologies and solutions. EMC Corporation has a market cap of $51.8 billion and is part of the computer hardware industry. The company has a P/E ratio of 20.4, equal to the average computer hardware industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 13.6% year to date as of the close of trading on Wednesday. Currently there are 28 analysts that rate EMC Corporation a buy, no analysts rate it a sell, and two rate it a hold.
TheStreet Ratings rates EMC Corporation as a
. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.
- You can view the full EMC Ratings Report.
On the positive front,
(
), up 27.6%,
(
), up 23.1%,
(
), up 18.7%, and
(
), up 18.1%, were all gainers within the technology sector with
(
) being today's featured technology sector leader.
- Use our technology section to find sector-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 technology sector could consider
(
) while those bearish on the technology sector could consider
ProShares Ultra Short Technology
(
).
- Find other investment ideas from our top rated ETFs lists.
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