The computer hardware industry closed the day up 3%. Valpey Fisher Corporation ( VPF), Network Equipment Technologies ( NWK), Concurrent Computer Corporation ( CCUR), and iGo Inc ( IGOI) were all decliners today within the computer hardware industry with Emulex Corporation ( ELX) being today's featured computer hardware loser. Emulex Corporation fell 35 cents (-5.8%) to $6.36 on light volume. Throughout the day, 791,154 shares of Emulex Corporation exchanged hands as compared to its average daily volume of 1.4 million shares. Emulex Corporation provides network convergence solutions that connect servers, storage, and networks within the data center. Emulex Corporation has a market cap of $565.2 million and is part of the technology sector. Shares are down 48.5% year to date as of the close of trading on Monday. TheStreet Ratings rates Emulex as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow.
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