Hewlett-Packard Co (HPQ): 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

Hewlett-Packard ( HPQ) pushed the Computer Hardware industry lower today making it today's featured Computer Hardware laggard. The industry as a whole closed the day down 1.0%. By the end of trading, Hewlett-Packard fell $0.84 (-3.3%) to $24.42 on average volume. Throughout the day, 21,420,649 shares of Hewlett-Packard exchanged hands as compared to its average daily volume of 22,680,700 shares. The stock ranged in price between $24.40-$25.34 after having opened the day at $25.15 as compared to the previous trading day's close of $25.26. Other companies within the Computer Hardware industry that declined today were: Palo Alto Networks ( PANW), down 10.8%, Mad Catz Interactive ( MCZ), down 5.8%, Mercury Systems ( MRCY), down 5.2% and OCZ Technology Group ( OCZ), down 5.2%.
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Hewlett-Packard Company and its subsidiaries provide products, technologies, software, solutions, and services to individual consumers, small-and medium-sized businesses (SMBs), and large enterprises, including customers in the government, health, and education sectors worldwide. Hewlett-Packard has a market cap of $49.1 billion and is part of the technology sector. Shares are up 77.3% year to date as of the close of trading on Thursday. Currently there are 2 analysts that rate Hewlett-Packard a buy, 5 analysts rate it a sell, and 16 rate it a hold.

TheStreet Ratings rates Hewlett-Packard as a hold. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity.

On the positive front, Interphase ( INPH), down 3.7%, Overland Storage ( OVRL), down 3.6%, Dataram Corporation ( DRAM), down 2.9% and China TechFaith Wireless Comm Tech ( CNTF), down 2.8%.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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