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 down 0.6%. By the end of trading, EMC Corporation fell 26 cents (-1.1%) to $23.87 on heavy volume. Throughout the day, 34.9 million shares of EMC Corporation exchanged hands as compared to its average daily volume of 19.7 million shares. The stock ranged in price between $23.58-$24 after having opened the day at $23.77 as compared to the previous trading day's close of $24.13. Other companies within the Computer Hardware industry that declined today were: Universal Display Corporation ( PANL), down 7.1%, Hauppauge Digital ( HAUP), down 6.4%, Quantum Corporation ( QTM), down 4.7%, and Astro-Med ( ALOT), down 4.2%.
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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 $51.25 billion and is part of the technology sector. The company has a P/E ratio of 19.9, above the S&P 500 P/E ratio of 17.7. Shares are down 3.8% year to date as of the close of trading on Monday. 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 increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the positive front, SMART Technologies ( SMT), up 7%, Dot Hill Systems Corporation ( HILL), up 6.8%, Dataram Corporation ( DRAM), up 5%, and Xplore Technologies Corporation Class A ( XPLR), up 4.4%, were all gainers within the computer hardware industry with Hewlett-Packard ( HPQ) 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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