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 down 0.1%. By the end of trading, EMC Corporation rose 43 cents (1.8%) to $24.90 on heavy volume. Throughout the day, 37.3 million shares of EMC Corporation exchanged hands as compared to its average daily volume of 23.9 million shares. The stock ranged in a price between $24.40-$25.30 after having opened the day at $24.47 as compared to the previous trading day's close of $24.47. Other companies within the Computer Hardware industry that increased today were: STEC ( STEC), up 7.9%, Datalink Corporation ( DTLK), up 4.4%, Stratasys ( SSYS), up 3.8%, and Ruckus Wireless ( RKUS), up 3.3%.
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EMC Corporation, together with its subsidiaries, develops, delivers, and supports information infrastructure and virtual infrastructure technologies, solutions, and services. EMC Corporation has a market cap of $51.68 billion and is part of the technology sector. The company has a P/E ratio of 20, above the S&P 500 P/E ratio of 17.7. Shares are down 3.3% year to date as of the close of trading on Tuesday. Currently there are 25 analysts that rate EMC Corporation a buy, no analysts rate it a sell, and five 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 increase in net income, revenue growth, 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 7.5%, Radcom ( RDCM), down 6.1%, Crossroads Systems ( CRDS), down 3.8%, and Concurrent Computer Corporation ( CCUR), down 3.7%, 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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