NetApp Inc. (NTAP): Today's Featured Computer Hardware Winner

NetApp ( NTAP) pushed the Computer Hardware industry higher today making it today's featured computer hardware winner. The industry as a whole closed the day up 0.1%. By the end of trading, NetApp rose $0.45 (1.2%) to $38.29 on light volume. Throughout the day, 4,659,733 shares of NetApp exchanged hands as compared to its average daily volume of 8,778,100 shares. The stock ranged in a price between $37.82-$38.47 after having opened the day at $37.95 as compared to the previous trading day's close of $37.84. Other companies within the Computer Hardware industry that increased today were: Performance Technologies ( PTIX), up 6.4%, Silicon Graphics International ( SGI), up 5.7%, OCZ Technology Group ( OCZ), up 5.2% and Ruckus Wireless ( RKUS), up 5.1%.

NetApp, Inc. engages in design, manufacture, and marketing of networked storage solutions. The company supplies enterprise storage and data management software and hardware products and services. NetApp has a market cap of $13.6 billion and is part of the technology sector. The company has a P/E ratio of 27.7, above the S&P 500 P/E ratio of 17.7. Shares are up 12.8% year to date as of the close of trading on Monday. Currently there are 11 analysts that rate NetApp a buy, 2 analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates NetApp as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the negative front, iGo ( IGOI), down 5.6%, Hauppauge Digital ( HAUP), down 5.1%, China TechFaith Wireless Comm Tech ( CNTF), down 3.9% and Universal Display Corporation ( OLED), down 2.5% , were all laggards within the computer hardware industry with Teradata Corporation ( TDC) being today's computer hardware industry laggard.

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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