EMC Corporation (EMC): Today's Featured Technology 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

EMC Corporation ( EMC) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day down 0.8%. By the end of trading, EMC Corporation fell $0.34 (-1.4%) to $24.33 on average volume. Throughout the day, 22,799,610 shares of EMC Corporation exchanged hands as compared to its average daily volume of 22,674,000 shares. The stock ranged in price between $24.25-$25.00 after having opened the day at $24.90 as compared to the previous trading day's close of $24.67. Other companies within the Technology sector that declined today were: Netlist ( NLST), down 12.5%, SemiLEDs ( LEDS), down 11.2%, Alpha & Omega Semiconductor ( AOSL), down 11.1% and First Solar ( FSLR), down 10.8%.
  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass

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 $52.3 billion and is part of the computer hardware industry. The company has a P/E ratio of 20.4, above the S&P 500 P/E ratio of 17.7. Shares are down 2.5% year to date as of the close of trading on Tuesday. 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 somewhat disappointing return on equity.

On the positive front, Dynasil Corporation of America ( DYSL), down 35.6%, ClearSign Combustion ( CLIR), down 10.0%, Agilysys ( AGYS), down 9.2% and Turkcell Iletisim Hizmetleri AS ( TKC), down 8.9% , were all gainers within the technology sector with Frontier Communications Corp Class B ( FTR) being today's featured technology sector leader.

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).

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