The computer hardware industry closed the day up 2.3%. OCZ Technology Group Inc ( OCZ), iGo Inc ( IGOI), Transact Technologies Inc ( TACT), and Riverbed Technology Incorporated ( RVBD) were all winners today within the computer hardware industry with International Business Machines ( IBM) being today's featured computer hardware winner. International Business Machines rose $4.66 (2.6%) to $181.51 on average volume. Throughout the day, 6.3 million shares of International Business Machines exchanged hands as compared to its average daily volume of 7.2 million shares. International Business Machines Corporation (IBM) provides information technology (IT) products and services worldwide. International Business Machines has a market cap of $208.7 billion and is part of the technology sector. The company has a P/E ratio of 14.3, equal to the average computer hardware industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 19.1% year to date as of the close of trading on Wednesday. TheStreet Ratings rates International Business Machines as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, revenue growth, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.
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