Emulex Corporation (ELX): Today's Featured Computer Hardware Loser

Emulex Corporation ( ELX) pushed the Computer Hardware industry lower today making it today's featured Computer Hardware loser. The industry as a whole closed the day up 1.6%. By the end of trading, Emulex Corporation fell 26 cents (-2.8%) to $9.11 on heavy volume. Throughout the day, 2.5 million shares of Emulex Corporation exchanged hands as compared to its average daily volume of 1.2 million shares. The stock ranged in price between $9.09-$9.59 after having opened the day at $9.52 as compared to the previous trading day's close of $9.37. Other company's within the Computer Hardware industry that declined today were: Socket Mobile ( SCKT), down 8.3%, Radisys Corporation ( RSYS), down 4.5%, Dot Hill Systems Corporation ( HILL), down 3.9%, and Juniper Networks ( JNPR), down 3.6%.

Emulex Corporation provides network convergence solutions that connect servers, storage, and networks within the data center. Emulex Corporation has a market cap of $805.2 million and is part of the technology sector. Shares are up 36.6% year to date as of the close of trading on Tuesday. Currently there are four analysts that rate Emulex Corporation a buy, two analysts rate it a sell, and five rate it a hold.

TheStreet Ratings rates Emulex Corporation as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that the company's return on equity has been disappointing.

On the positive front, Cray ( CRAY), up 20.9%, Apple ( AAPL), up 8.9%, Mitek Systems ( MITK), up 8.7%, and Silicon Graphics International ( SGI), up 7.1%, were all gainers within the computer hardware industry with International Business Machines ( IBM) being today's featured computer hardware industry winner.

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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