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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

EMC Corporation ( EMC) 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, EMC Corporation rose 50 cents (1.8%) to $28.02 on average volume. Throughout the day, 20.7 million shares of EMC Corporation exchanged hands as compared to its average daily volume of 16.5 million shares. The stock ranged in a price between $27.66-$28.18 after having opened the day at $27.81 as compared to the previous trading day's close of $27.52. Other companies within the Computer Hardware industry that increased today were: Echelon Corporation ( ELON), up 9.5%, XRS ( XRSC), up 9.1%, Concurrent Computer Corporation ( CCUR), up 7.7%, and Interphase ( INPH), up 4.8%.
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EMC Corporation develops, delivers, and supports the information and virtual infrastructure technologies and solutions. EMC Corporation has a market cap of $58.2 billion and is part of the technology sector. The company has a P/E ratio of 22.9, 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 27.8% year to date as of the close of trading on Thursday. Currently there are 28 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 solid stock price performance. 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, Dataram Corporation ( DRAM), down 16.6%, Overland Storage ( OVRL), down 7.5%, Radcom ( RDCM), down 7.1%, and Identive Group ( INVE), down 5.3%, were all laggards within the computer hardware industry with Cisco Systems ( CSCO) being today's computer hardware industry laggard.

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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