EMC Corporation (EMC): Today's Featured Computer Hardware Laggard

EMC Corporation ( EMC) pushed the Computer Hardware industry lower today making it today's featured Computer Hardware laggard. The industry as a whole closed the day up 1%. By the end of trading, EMC Corporation fell 16 cents (-0.6%) to $26.64 on light volume. Throughout the day, 11.5 million shares of EMC Corporation exchanged hands as compared to its average daily volume of 20.2 million shares. The stock ranged in price between $26.61-$26.88 after having opened the day at $26.68 as compared to the previous trading day's close of $26.80. Other company's within the Computer Hardware industry that declined today were: Radcom ( RDCM), down 13.2%, Dataram Corporation ( DRAM), down 10.6%, SMART Technologies ( SMT), down 9.7%, and Intermec ( IN), down 5.5%.

EMC Corporation develops, delivers, and supports the information and virtual infrastructure technologies and solutions. EMC Corporation has a market cap of $54.76 billion and is part of the technology sector. The company has a P/E ratio of 21.6, equal to the average computer hardware industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 21.4% year to date as of the close of trading on Friday. Currently there are 27 analysts that rate EMC Corporation a buy, no analysts rate it a sell, and two 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, good cash flow from operations, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front, Performance Technologies ( PTIX), up 12%, Aruba Networks ( ARUN), up 11.6%, Echelon Corporation ( ELON), up 7.3%, and Riverbed Technology Incorporated ( RVBD), up 6.8%, were all gainers within the computer hardware industry with Cisco Systems ( CSCO) being today's featured computer hardware industry leader.

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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