Seagate Technology PLC (STX): Today's Featured Computer Hardware Winner

Seagate Technology ( STX) pushed the Computer Hardware industry higher today making it today's featured computer hardware winner. The industry as a whole was unchanged today. By the end of trading, Seagate Technology rose $1.02 (4.1%) to $25.97 on average volume. Throughout the day, 12.2 million shares of Seagate Technology exchanged hands as compared to its average daily volume of 14.2 million shares. The stock ranged in a price between $24.71-$26.02 after having opened the day at $24.96 as compared to the previous trading day's close of $24.96. Other companies within the Computer Hardware industry that increased today were: iGo ( IGOI), up 16.7%, Lantronix ( LTRX), up 16.6%, Crossroads Systems Incorporated ( CRDS), up 6.8%, and Mad Catz Interactive ( MCZ), up 5.4%.

Seagate Technology Public Limited Company designs, manufactures, markets, and sells hard disk drives for enterprise, client compute, and client non-compute market applications worldwide. Seagate Technology has a market cap of $10.66 billion and is part of the technology sector. The company has a P/E ratio of 5.7, below the average computer hardware industry P/E ratio of 5.8 and below the S&P 500 P/E ratio of 17.7. Shares are up 52.9% year to date as of the close of trading on Friday. Currently there are eight analysts that rate Seagate Technology a buy, two analysts rate it a sell, and nine rate it a hold.

TheStreet Ratings rates Seagate Technology as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, notable return on equity, attractive valuation levels and compelling growth in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the negative front, Silicon Graphics International ( SGI), down 5.4%, OCZ Technology Group ( OCZ), down 5.1%, Extreme Networks ( EXTR), down 4.7%, and Aruba Networks ( ARUN), down 4.4%, were all losers within the computer hardware industry with Cisco Systems ( CSCO) being today's computer hardware industry loser.

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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