NetApp Inc. (NTAP): Today's Featured Computer Hardware Winner
(
) pushed the Computer Hardware industry higher today making it today's featured computer hardware winner. The industry as a whole closed the day down 0.7%. By the end of trading, NetApp Inc rose 35 cents (1%) to $35.19 on heavy volume. Throughout the day, 13.1 million shares of NetApp Inc exchanged hands as compared to its average daily volume of 8.1 million shares. The stock ranged in a price between $34.26-$35.30 after having opened the day at $34.66 as compared to the previous trading day's close of $34.84. Other companies within the Computer Hardware industry that increased today were:
Brocade Communications Systems Inc
(
), up 13.2%,
(
), up 7.7%,
(
), up 4%, and
(
), up 3.4%.
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 Inc has a market cap of $12.8 billion and is part of the
sector. The company has a P/E ratio of 19, below the average computer hardware industry P/E ratio of 20.7 and above the S&P 500 P/E ratio of 17.7. Shares are down 36.6% year to date as of the close of trading on Monday.
TheStreet Ratings rates NetApp as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations, 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 lackluster performance in the stock itself.
- You can view the full NetApp Ratings Report.
On the negative front,
Network Equipment Technologies
(
), down 7.6%,
(
), down 5.9%,
(
), down 5.5%, and
(
), down 4.7%, were all losers within the computer hardware industry with
(
) being today's computer hardware industry loser.
- 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
iShares Dow Jones US Technology
(
) while those bearish on the computer hardware industry could consider
ProShares Ultra Short Semiconductor
(
).
- Find other investment ideas from our top rated ETFs lists.
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