EMC Corporation (EMC): 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.

EMC Corporation ( EMC) pushed the Computer Hardware industry lower today making it today's featured Computer Hardware laggard. The industry as a whole closed the day down 1.9%. By the end of trading, EMC Corporation fell $0.75 (-2.8%) to $26.03 on average volume. Throughout the day, 21,944,221 shares of EMC Corporation exchanged hands as compared to its average daily volume of 19,165,500 shares. The stock ranged in price between $25.93-$26.45 after having opened the day at $26.29 as compared to the previous trading day's close of $26.78. Other companies within the Computer Hardware industry that declined today were: China TechFaith Wireless Comm Tech ( CNTF), down 13.2%, Cray ( CRAY), down 7.4%, Cisco Systems ( CSCO), down 7.2% and Silicom ( SILC), down 7.0%.

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 $56.0 billion and is part of the technology sector. Shares are up 5.8% year to date as of the close of trading on Wednesday. Currently there are 26 analysts that rate EMC Corporation a buy, no analysts rate it a sell, and 2 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, growth in earnings per share, increase in net income, 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, OCZ Technology Group ( OCZ), up 5.8%, Silver Spring Networks ( SSNI), up 3.7%, Video Display Corporation ( VIDE), up 2.5% and Gigamon ( GIMO), up 2.3%.

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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