Skip to main content

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.

Seagate Technology



) pushed the Computer Hardware industry lower today making it today's featured Computer Hardware laggard. The industry as a whole closed the day up 1.6%. By the end of trading, Seagate Technology fell $6.53 (-11.2%) to $51.52 on heavy volume. Throughout the day, 17,569,866 shares of Seagate Technology exchanged hands as compared to its average daily volume of 3,320,900 shares. The stock ranged in price between $50.50-$54.60 after having opened the day at $53.72 as compared to the previous trading day's close of $58.05. Other companies within the Computer Hardware industry that declined today were:




), down 8.0%,

M/A-COM Technology Solutions Holdings



), down 2.2%,

Acorn Energy



TheStreet Recommends

), down 1.8% and

Dataram Corporation



), down 1.6%.

Seagate Technology Public Limited Company designs, manufactures, and sells electronic data storage products. Seagate Technology has a market cap of $19.1 billion and is part of the technology sector. The company has a P/E ratio of 12.9, below the S&P 500 P/E ratio of 17.7. Shares are up 3.4% year to date as of the close of trading on Monday. Currently there are 6 analysts that rate Seagate Technology a buy, 1 analyst rates it a sell, and 13 rate it a hold.

TheStreet Ratings rates

Seagate Technology

as a


. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front,




), up 23.6%,

Echelon Corporation



), up 19.1%,

China TechFaith Wireless Comm Tech



), up 12.4% and

Lexmark International



), up 9.2% , were all gainers within the computer hardware industry with




) being today's featured computer hardware industry leader.

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




STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.