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.
Stratasys (
SSYS) pushed the Computer Hardware industry higher today making it today's featured computer hardware winner. The industry as a whole closed the day up 0.5%. By the end of trading, Stratasys rose 70 cents (1%) to $70.72 on light volume. Throughout the day, 248,276 shares of Stratasys exchanged hands as compared to its average daily volume of 864,300 shares. The stock ranged in a price between $69.37-$70.89 after having opened the day at $69.63 as compared to the previous trading day's close of $70.02. Other companies within the Computer Hardware industry that increased today were:
Finisar Corporation (
FNSR), up 6%,
Radisys Corporation (
RSYS), up 5.2%,
Immersion Corporation (
IMMR), up 4.8%, and
Performance Technologies (
PTIX), up 4.8%.
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Stratasys Ltd. provides additive manufacturing (AM) solutions for the creation of parts used in the processes of designing and manufacturing products and for the direct manufacture of end parts. Stratasys has a market cap of $2.79 billion and is part of the technology sector. The company has a P/E ratio of 201.1, above the S&P 500 P/E ratio of 17.7. Shares are down 12.6% year to date as of the close of trading on Wednesday. Currently there are four analysts that rate Stratasys a buy, no analysts rate it a sell, and five rate it a hold.
TheStreet Ratings rates Stratasys as a
hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow.
On the negative front,
iGo (
IGOI), down 5.6%,
Ruckus Wireless (
RKUS), down 4.3%,
STEC (
STEC), down 2.5%, and
Quantum Corporation (
QTM), down 1.6%, were all laggards within the computer hardware industry with
Teradata Corporation (
TDC) 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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