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

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 lower today making it today's featured Computer Hardware laggard. The industry as a whole closed the day up 0.5%. By the end of trading, EMC Corporation fell 27 cents (-1.1%) to $24.91 on average volume. Throughout the day, 15.1 million shares of EMC Corporation exchanged hands as compared to its average daily volume of 18.3 million shares. The stock ranged in price between $24.83-$25.28 after having opened the day at $25.22 as compared to the previous trading day's close of $25.18. Other companies within the Computer Hardware industry that declined today were: Dataram Corporation ( DRAM), down 12.9%, OCZ Technology Group ( OCZ), down 4.7%, Radisys Corporation ( RSYS), down 4.4%, and Overland Storage ( OVRL), down 3%.
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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 $52.98 billion and is part of the technology sector. The company has a P/E ratio of 20.6, above the S&P 500 P/E ratio of 17.7. Shares are up 16.9% year to date as of the close of trading on Thursday. Currently there are 29 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 somewhat disappointing return on equity.

On the positive front, iGo ( IGOI), up 12.8%, Xplore Technologies Corporation Class A ( XPLR), up 9.6%, Ruckus Wireless ( RKUS), up 7.3%, and Universal Display Corporation ( PANL), up 5%, were all gainers within the computer hardware industry with International Business Machines ( IBM) 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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