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Riverbed Technology

(

RVBD

) pushed the Computer Hardware industry higher today making it today's featured computer hardware winner. The industry as a whole closed the day down 0.6%. By the end of trading, Riverbed Technology rose $1.63 (7.9%) to $22.28 on heavy volume. Throughout the day, 5,327,986 shares of Riverbed Technology exchanged hands as compared to its average daily volume of 2,298,500 shares. The stock ranged in a price between $20.45-$22.76 after having opened the day at $20.63 as compared to the previous trading day's close of $20.65. Other companies within the Computer Hardware industry that increased today were:

Overland Storage

(

OVRL

), up 4.0%,

Radisys Corporation

(

RSYS

), up 3.8%,

voxeljet

(

VJET

), up 3.6% and

Echelon Corporation

(

ELON

), up 3.5%.

Riverbed Technology, Inc. provides application performance infrastructure solutions in the United States and internationally. It offers Steelhead products, a suite of WAN optimization products delivered on virtual appliances, software, and public cloud environments. Riverbed Technology has a market cap of $3.4 billion and is part of the technology sector. Shares are up 16.8% year to date as of the close of trading on Thursday. Currently there are 5 analysts that rate Riverbed Technology a buy, 1 analyst rates it a sell, and 20 rate it a hold.

TheStreet Ratings rates Riverbed Technology as a

hold

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and increase in net income. However, as a counter to these strengths, we find that the company's return on equity has been disappointing.

On the negative front,

Nimble Storage

(

TheStreet Recommends

NMBL

), down 9.4%,

Fusion-io

(

FIO

), down 4.3%,

Identive Group

(

INVE

), down 3.9% and

Interphase

(

INPH

), down 3.9% , were all laggards within the computer hardware industry with

SanDisk

(

SNDK

) 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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