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

.

NetApp

(

NTAP

) 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, NetApp rose 39 cents (1.1%) to $34.52 on light volume. Throughout the day, 4.5 million shares of NetApp exchanged hands as compared to its average daily volume of 7.1 million shares. The stock ranged in a price between $34.02-$34.86 after having opened the day at $34.49 as compared to the previous trading day's close of $34.13. Other companies within the Computer Hardware industry that increased today were:

Video Display Corporation

(

VIDE

), up 8.8%,

Quantum Corporation

(

QTM

), up 5.3%,

Datalink Corporation

(

DTLK

), up 4.2%, and

Astro-Med

(

ALOT

), up 3.8%.

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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 $13.01 billion and is part of the

technology

sector. The company has a P/E ratio of 24.1, above the average computer hardware industry P/E ratio of 22.1 and above the S&P 500 P/E ratio of 17.7. Shares are down 5.9% year to date as of the close of trading on Thursday. 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

buy

. 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 lackluster performance in the stock itself.

On the negative front,

Dataram Corporation

(

DRAM

), down 8%,

Echelon Corporation

(

ELON

), down 4.6%,

iGo

(

IGOI

), down 4.3%, and

Identive Group

(

INVE

), down 4.1%, were all laggards within the computer hardware industry with

Juniper Networks

(

JNPR

) being today's computer hardware industry laggard.

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

(

IYW

) while those bearish on the computer hardware industry could consider

ProShares Ultra Short Semiconductor

(

SSG

).

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