EMC Corporation (EMC): Today's Featured Technology 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 Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day up 1.3%. By the end of trading, EMC Corporation rose $0.42 (1.9%) to $22.88 on average volume. Throughout the day, 19,624,326 shares of EMC Corporation exchanged hands as compared to its average daily volume of 22,176,800 shares. The stock ranged in a price between $22.39-$22.93 after having opened the day at $22.40 as compared to the previous trading day's close of $22.46. Other companies within the Technology sector that increased today were: Kingtone Wirelessinfo Solution ( KONE), up 33.3%, Yelp Inc Class A ( YELP), up 27.4%, WPCS International ( WPCS), up 23.3% and SunPower Corporation ( SPWR), up 17.6%.
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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 $47.1 billion and is part of the computer hardware industry. The company has a P/E ratio of 18.2, above the S&P 500 P/E ratio of 17.7. Shares are down 11.2% year to date as of the close of trading on Wednesday. Currently there are 25 analysts that rate EMC Corporation a buy, no analysts rate it a sell, and 5 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, 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, Deltathree ( DDDC), down 18.0%, Aviat Networks ( AVNW), down 13.5%, NII Holdings ( NIHD), down 10.7% and AU Optronics Corporation ( AUO), down 9.2% , were all laggards within the technology sector with LM Ericsson Telephone Company ( ERIC) being today's technology sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).

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