EMC Corporation ( EMC) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day up 1.1%. By the end of trading, EMC Corporation rose 67 cents (2.4%) to $28.17 on average volume. Throughout the day, 17.7 million shares of EMC Corporation exchanged hands as compared to its average daily volume of 19.2 million shares. The stock ranged in a price between $27.76-$28.23 after having opened the day at $27.82 as compared to the previous trading day's close of $27.50. Other companies within the Technology sector that increased today were: Cray ( CRAY), up 20.9%, Unisys Corporation ( UIS), up 20.1%, Microvision ( MVIS), up 16.7%, and Calix ( CALX), up 12.9%. EMC Corporation develops, delivers, and supports the information and virtual infrastructure technologies and solutions. EMC Corporation has a market cap of $57.3 billion and is part of the computer hardware industry. The company has a P/E ratio of 25.1, above the average computer hardware industry P/E ratio of 23.8 and above the S&P 500 P/E ratio of 17.7. Shares are up 27.7% year to date as of the close of trading on Tuesday. Currently there are 24 analysts that rate EMC Corporation a buy, no analysts rate it a sell, and three rate it a hold. TheStreet Ratings rates EMC Corporation as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.
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