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 closed the day up 2.4%. By the end of trading, EMC Corporation rose 78 cents (3.3%) to $24.34 on average volume. Throughout the day, 15 million shares of EMC Corporation exchanged hands as compared to its average daily volume of 18.3 million shares. The stock ranged in a price between $23.95-$24.38 after having opened the day at $23.98 as compared to the previous trading day's close of $23.56. Other companies within the Computer Hardware industry that increased today were: XRS ( XRSC), up 20%, Xplore Technologies Corporation Class A ( XPLR), up 16.2%, Xplore Technologies Corporation Class A ( XLRT), up 16.2%, and Mitek Systems ( MITK), up 8.1%.
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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 $49.63 billion and is part of the technology sector. The company has a P/E ratio of 19.3, above the S&P 500 P/E ratio of 17.7. Shares are up 9.4% year to date as of the close of trading on Friday. Currently there are 28 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 revenue growth, good cash flow from operations, growth in earnings per share, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the negative front, Performance Technologies ( PTIX), down 7.1%, Radcom ( RDCM), down 6.3%, Radisys Corporation ( RSYS), down 4.3%, and Identive Group ( INVE), down 3.1%, were all laggards within the computer hardware industry with Aruba Networks ( ARUN) 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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