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 Computer Hardware industry higher today making it today's featured computer hardware winner. The industry as a whole closed the day up 0.1%. By the end of trading, International Business Machines rose $3.39 (1.7%) to $202.54 on heavy volume. Throughout the day, 7,389,887 shares of International Business Machines exchanged hands as compared to its average daily volume of 3,942,000 shares. The stock ranged in a price between $197.35-$202.59 after having opened the day at $199.13 as compared to the previous trading day's close of $199.15. Other companies within the Computer Hardware industry that increased today were:
), up 8.2%,
), up 5.1%,
), up 4.1% and
), up 3.8%.
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International Business Machines Corporation provides information technology (IT) products and services worldwide. The company operates in five segments: Global Technology Services, Global Business Services, Software, Systems and Technology, and Global Financing. International Business Machines has a market cap of $216.2 billion and is part of the technology sector. The company has a P/E ratio of 13.3, below the S&P 500 P/E ratio of 17.7. Shares are up 1.4% year to date as of the close of trading on Monday.
TheStreet Ratings rates International Business Machines as a
. The company's strengths can be seen in multiple areas, such as its notable return on equity, growth in earnings per share and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full International Business Machines Ratings Report.
On the negative front,
), down 14.3%,
), down 7.5%,
), down 6.0% and
), down 4.6% , 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.
- 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.
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