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 Riverbed Technology (
RVBD) pushed the Computer Hardware industry higher today making it today's featured computer hardware winner. The industry as a whole closed the day up 1.2%. By the end of trading, Riverbed Technology rose $0.25 (1.6%) to $16.26 on light volume. Throughout the day, 2,263,123 shares of Riverbed Technology exchanged hands as compared to its average daily volume of 3,317,700 shares. The stock ranged in a price between $16.01-$16.35 after having opened the day at $16.06 as compared to the previous trading day's close of $16.01. Other companies within the Computer Hardware industry that increased today were:
Hauppauge Digital (
HAUP), up 13.4%,
Mad Catz Interactive (
MCZ), up 8.9%,
Hutchinson Technology (
HTCH), up 8.6% and
Interphase (
INPH), up 6.2%.
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Riverbed Technology, Inc. provides solutions to the fundamental problems associated with information technology (IT) performance across wide area networks (WANs) in the United States and internationally. Riverbed Technology has a market cap of $2.6 billion and is part of the technology sector. The company has a P/E ratio of 66.8, above the S&P 500 P/E ratio of 17.7. Shares are down 18.7% year to date as of the close of trading on Friday. Currently there are 8 analysts that rate Riverbed Technology a buy, 1 analyst rates it a sell, and 15 rate it a hold.
TheStreet Ratings rates Riverbed Technology as a
hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity.
On the negative front,
SMART Technologies (
SMT), down 8.3%,
Xplore Technologies Corporation Class A (
XPLR), down 5.4%,
OCZ Technology Group (
OCZ), down 2.8% and
Acorn Energy (
ACFN), down 2.5%.
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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