Palo Alto Networks Inc (PANW): 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.

Palo Alto Networks ( PANW) pushed the Computer Hardware industry lower today making it today's featured Computer Hardware laggard. The industry as a whole closed the day up 0.9%. By the end of trading, Palo Alto Networks fell $0.76 (-1.7%) to $45.06 on heavy volume. Throughout the day, 1,461,528 shares of Palo Alto Networks exchanged hands as compared to its average daily volume of 891,600 shares. The stock ranged in price between $44.78-$45.91 after having opened the day at $45.51 as compared to the previous trading day's close of $45.82. Other companies within the Computer Hardware industry that declined today were: Dataram Corporation ( DRAM), down 8.3%, Universal Display Corporation ( OLED), down 3.6%, Universal Display Corporation ( PANL), down 3.6% and Cray ( CRAY), down 3.2%.

Palo Alto Networks, Inc. operates a platform that allows enterprises, service providers, and government entities to secure their networks and safely enable various applications running on their networks. Palo Alto Networks has a market cap of $3.3 billion and is part of the technology sector. Shares are down 12.9% year to date as of the close of trading on Monday. Currently there are 11 analysts that rate Palo Alto Networks a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Palo Alto Networks as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.

On the positive front, Dot Hill Systems Corporation ( HILL), up 6.1%, Imation Corporation ( IMN), up 4.9%, Aruba Networks ( ARUN), up 4.7% and OCZ Technology Group ( OCZ), up 4.6% , were all gainers within the computer hardware industry with Apple ( AAPL) being today's featured computer hardware industry leader.

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.
null

If you liked this article you might like

3 Tech Stocks That Look Cheap Following the Stock Market Mayhem

3 Tech Stocks That Look Cheap Following the Stock Market Mayhem

Hormel Foods, Baidu.com, Palo Alto Networks: 'Mad Money' Lightning Round

Hormel Foods, Baidu.com, Palo Alto Networks: 'Mad Money' Lightning Round

Investors Can't Get Enough: Cramer's 'Mad Money' Recap (Thursday 1/18/18)

Investors Can't Get Enough: Cramer's 'Mad Money' Recap (Thursday 1/18/18)

FireEye Is My Must-Buy Stock to Start 2018

FireEye Is My Must-Buy Stock to Start 2018

FireEye Is My Must Buy Stock to Open 2018

FireEye Is My Must Buy Stock to Open 2018