EMC Corporation ( EMC) pushed the Computer Hardware industry lower today making it today's featured Computer Hardware loser. The industry as a whole closed the day down 0.3%. By the end of trading, EMC Corporation fell 16 cents (-0.6%) to $28.50 on light volume. Throughout the day, 9.8 million shares of EMC Corporation exchanged hands as compared to its average daily volume of 18.8 million shares. The stock ranged in price between $28.32-$28.58 after having opened the day at $28.58 as compared to the previous trading day's close of $28.67. Other company's within the Computer Hardware industry that declined today were: OCZ Technology Group ( OCZ), down 14%, Interphase ( INPH), down 8.9%, Hauppauge Digital ( HAUP), down 6.7%, and Video Display Corporation ( VIDE), down 6.1%. EMC Corporation develops, delivers, and supports the information and virtual infrastructure technologies and solutions. EMC Corporation has a market cap of $58.44 billion and is part of the technology sector. The company has a P/E ratio of 25.6, above the average computer hardware industry P/E ratio of 24.3 and above the S&P 500 P/E ratio of 17.7. Shares are up 33.1% 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 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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