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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Palo Alto Networks



) pushed the Computer Hardware industry higher today making it today's featured computer hardware winner. The industry as a whole closed the day up 1.2%. By the end of trading, Palo Alto Networks rose $3.16 (4.3%) to $76.78 on heavy volume. Throughout the day, 3,812,517 shares of Palo Alto Networks exchanged hands as compared to its average daily volume of 1,390,200 shares. The stock ranged in a price between $76.56-$79.99 after having opened the day at $78.03 as compared to the previous trading day's close of $73.62. Other companies within the Computer Hardware industry that increased today were:

Mad Catz Interactive



), up 18.6%,




), up 8.3%,

Datalink Corporation



), up 7.0% and

Nimble Storage



), up 6.6%.

Palo Alto Networks, Inc. offers a network security platform in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. The company's platform comprises Next-Generation Firewall that delivers application, user, and content visibility and control. Palo Alto Networks has a market cap of $5.3 billion and is part of the technology sector. Shares are up 28.1% year to date as of the close of trading on Friday. Currently there are 12 analysts that rate Palo Alto Networks a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Palo Alto Networks 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 and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income and feeble growth in the company's earnings per share.

On the negative front,

Riverbed Technology



), down 5.5%,

3D Systems Corporation



), down 5.4%,

Overland Storage



), down 3.0% and

Extreme Networks



), down 2.3% , were all laggards within the computer hardware industry with

Finisar Corporation



) 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



) while those bearish on the computer hardware industry could consider

ProShares Ultra Short Semiconductor




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