Stratasys Ltd (SSYS): Today's Featured Computer Hardware Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Stratasys ( SSYS) pushed the Computer Hardware industry lower today making it today's featured Computer Hardware laggard. The industry as a whole was unchanged today. By the end of trading, Stratasys fell $1.40 (-1.6%) to $88.15 on light volume. Throughout the day, 370,432 shares of Stratasys exchanged hands as compared to its average daily volume of 795,500 shares. The stock ranged in price between $87.87-$89.73 after having opened the day at $89.73 as compared to the previous trading day's close of $89.55. Other companies within the Computer Hardware industry that declined today were: Hutchinson Technology ( HTCH), down 30.8%, SanDisk ( SNDK), down 5.8%, Immersion Corporation ( IMMR), down 4.4% and Imation Corporation ( IMN), down 3.9%.

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 $3.4 billion and is part of the technology sector. Shares are up 11.7% 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 weak operating cash flow.

On the positive front, Interphase ( INPH), up 51.8%, Performance Technologies ( PTIX), up 9.5%, Gigamon ( GIMO), up 7.6% and OCZ Technology Group ( OCZ), up 7.1%.

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).

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

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