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 lower today making it today's featured Computer Hardware laggard. The industry as a whole closed the day down 0.8%. By the end of trading, NetApp fell 86 cents (-2.4%) to $35.40 on average volume. Throughout the day, five million shares of NetApp exchanged hands as compared to its average daily volume of 6.2 million shares. The stock ranged in price between $35.18-$36.16 after having opened the day at $36.02 as compared to the previous trading day's close of $36.26. Other companies within the Computer Hardware industry that declined today were:

Universal Display Corporation



), down 7.1%,

MTS Medication Technologies



), down 6.4%,

Finisar Corporation



), down 6.2%, and




), down 5.7%.

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NetApp, Inc. engages in design, manufacture, marketing, and technical support of networked storage solutions. The company supply enterprise storage and data management software, and hardware products and services. NetApp has a market cap of $12.9 billion and is part of the


sector. The company has a P/E ratio of 25.2, equal to the average computer hardware industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are down 2.1% year to date as of the close of trading on Friday. Currently there are 10 analysts that rate NetApp a buy, no analysts rate it a sell, and 18 rate it a hold.

TheStreet Ratings rates NetApp as a


. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front,

Identive Group


TheStreet Recommends


), up 9.9%,

Video Display Corporation



), up 7.3%,

Dataram Corporation



), up 6.7%, and

Radisys Corporation



), up 4.3%, were all gainers within the computer hardware industry with

Seagate Technology



) being today's featured computer hardware industry leader.

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




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