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 $0.25 (-1.0%) to $24.24 on light volume. Throughout the day, 12,300,944 shares of Hewlett-Packard exchanged hands as compared to its average daily volume of 22,263,500 shares. The stock ranged in price between $24.09-$24.62 after having opened the day at $24.30 as compared to the previous trading day's close of $24.49. Other companies within the Computer Hardware industry that declined today were: Hauppauge Digital ( HAUP), down 9.2%, Identive Group ( INVE), down 5.8%, Synaptics ( SYNA), down 4.5% and Acorn Energy ( ACFN), down 4.4%.
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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 $47.8 billion and is part of the technology sector. Shares are up 71.9% year to date as of the close of trading on Monday. 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, XRS ( XRSC), down 2.7%, Immersion Corporation ( IMMR), down 2.1% and Video Display Corporation ( VIDE), down 2.1% , were all gainers within the computer hardware industry with Brocade Communications Systems ( BRCD) 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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