Palo Alto Networks Inc (PANW): 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.

Palo Alto Networks ( PANW) pushed the Computer Hardware industry higher today making it today's featured computer hardware winner. The industry as a whole closed the day down 0.3%. By the end of trading, Palo Alto Networks rose $0.80 (1.8%) to $46.10 on heavy volume. Throughout the day, 1,729,021 shares of Palo Alto Networks exchanged hands as compared to its average daily volume of 1,069,600 shares. The stock ranged in a price between $45.36-$46.24 after having opened the day at $45.61 as compared to the previous trading day's close of $45.30. Other companies within the Computer Hardware industry that increased today were: Overland Storage ( OVRL), up 19.1%, voxeljet AG ADR ( VJET), up 9.8%, Violin Memory ( VMEM), up 4.5% and Interphase ( INPH), up 4.1%.

Palo Alto Networks, Inc. offers a network security platform in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. The company's platform comprises Next-Generation Firewall that delivers application, user, and content visibility and control. Palo Alto Networks has a market cap of $3.3 billion and is part of the technology sector. Shares are down 15.4% year to date as of the close of trading on Friday. Currently there are 11 analysts that rate Palo Alto Networks a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Palo Alto Networks as a sell. Among the areas we feel are negative, one of the most important has been the company's poor growth in earnings per share.

On the negative front, Performance Technologies ( PTIX), down 11.3%, OCZ Technology Group ( OCZ), down 9.6%, Crossroads Systems ( CRDS), down 8.3% and China TechFaith Wireless Comm Tech ( CNTF), down 6.5% , were all laggards within the computer hardware industry with EMC Corporation ( EMC) 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).

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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