) pushed the Computer Hardware industry lower today making it today's featured Computer Hardware loser. The industry as a whole closed the day down 0.4%. By the end of trading, NetApp fell 36 cents (-1.2%) to $29.66 on average volume. Throughout the day, 11.2 million shares of NetApp exchanged hands as compared to its average daily volume of 8.3 million shares. The stock ranged in price between $29.60-$31.33 after having opened the day at $30.13 as compared to the previous trading day's close of $30.02. Other company's within the Computer Hardware industry that declined today were:
), down 9.9%,
), down 9.1%,
), down 6.1%, and
), down 5.9%.
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NetApp, Inc. engages in the design, manufacturing, marketing, and technical support of networked storage solutions. It supplies enterprise storage and data management software, and hardware products and services. NetApp has a market cap of $11.07 billion and is part of the
sector. The company has a P/E ratio of 19.1, 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 16.8% year to date as of the close of trading on Monday. Currently there are 11 analysts that rate NetApp a buy, no analysts rate it a sell, and 16 rate it a hold.
TheStreet Ratings rates NetApp as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, 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 NetApp Ratings Report.
On the positive front,
), up 7.2%,
), up 5.8%,
), up 3.7%, and
), up 3.5%, were all gainers within the computer hardware industry with
) being today's featured computer hardware industry winner.
- 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.