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

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.

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 0.8%. By the end of trading, NetApp rose $0.44 (1.1%) to $41.68 on light volume. Throughout the day, 4,372,846 shares of NetApp exchanged hands as compared to its average daily volume of 7,419,000 shares. The stock ranged in a price between $41.20-$41.77 after having opened the day at $41.21 as compared to the previous trading day's close of $41.24. Other companies within the Computer Hardware industry that increased today were: China TechFaith Wireless Comm Tech ( CNTF), up 17.8%, Mad Catz Interactive ( MCZ), up 11.2%, Crossroads Systems ( CRDS), up 7.9% and Performance Technologies ( PTIX), 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 $15.0 billion and is part of the technology sector. Shares are up 23.6% year to date as of the close of trading on Friday. Currently there are 12 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, solid stock price performance and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the negative front, Datalink Corporation ( DTLK), down 5.3%, Overland Storage ( OVRL), down 4.5%, Video Display Corporation ( VIDE), down 3.7% and Identive Group ( INVE), down 2.8%.

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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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