Stratasys Ltd (SSYS): 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

Stratasys ( SSYS) pushed the Computer Hardware industry lower today making it today's featured Computer Hardware laggard. The industry as a whole closed the day up 0.5%. By the end of trading, Stratasys fell $1.11 (-1.4%) to $78.48 on light volume. Throughout the day, 437,373 shares of Stratasys exchanged hands as compared to its average daily volume of 676,800 shares. The stock ranged in price between $78.17-$81.00 after having opened the day at $79.62 as compared to the previous trading day's close of $79.59. Other companies within the Computer Hardware industry that declined today were: Mad Catz Interactive ( MCZ), down 6.3%, Hauppauge Digital ( HAUP), down 6.2%, Dataram Corporation ( DRAM), down 5.6% and Video Display Corporation ( VIDE), down 4.7%.
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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 $3.0 billion and is part of the technology sector. The company has a P/E ratio of 133.8, above the S&P 500 P/E ratio of 17.7. Shares are down 4.5% year to date as of the close of trading on Thursday. Currently there are 5 analysts that rate Stratasys a buy, 1 analyst rates it a sell, and 4 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 solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share.

On the positive front, Concurrent Computer Corporation ( CCUR), down 9.5%, Dot Hill Systems Corporation ( HILL), down 9.2%, SMART Technologies ( SMT), down 6.6% and Finisar Corporation ( FNSR), down 4.4% , were all gainers within the computer hardware industry with Juniper Networks ( JNPR) 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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