Hewlett-Packard Co (HPQ): 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.

Hewlett-Packard ( HPQ) pushed the Computer Hardware industry higher today making it today's featured computer hardware winner. The industry as a whole closed the day down 0.9%. By the end of trading, Hewlett-Packard rose $0.42 (1.5%) to $28.12 on average volume. Throughout the day, 19,639,954 shares of Hewlett-Packard exchanged hands as compared to its average daily volume of 14,877,900 shares. The stock ranged in a price between $27.70-$28.79 after having opened the day at $27.71 as compared to the previous trading day's close of $27.70. Other companies within the Computer Hardware industry that increased today were: Nimble Storage ( NMBL), up 9.4%, Juniper Networks ( JNPR), up 7.6%, Acorn Energy ( ACFN), up 2.9% and Lantronix ( LTRX), up 2.9%.

Hewlett-Packard Company, together with its subsidiaries, provides products, technologies, software, solutions, and services to individual consumers, small-and medium-sized businesses (SMBs), and large enterprises, including customers in the government, health, and education sectors worldwide. Hewlett-Packard has a market cap of $52.7 billion and is part of the technology sector. The company has a P/E ratio of 10.5, below the S&P 500 P/E ratio of 17.7. Shares are down 1.0% year to date as of the close of trading on Friday. Currently there are 4 analysts that rate Hewlett-Packard a buy, 3 analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Hewlett-Packard as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including poor profit margins and weak operating cash flow.

On the negative front, China TechFaith Wireless Comm Tech ( CNTF), down 7.4%, Crossroads Systems ( CRDS), down 6.3%, Extreme Networks ( EXTR), down 6.0% and Silver Spring Networks ( SSNI), down 5.4% , were all laggards within the computer hardware industry with NetApp ( NTAP) 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.

If you liked this article you might like

Hewlett Packard Enterprise's Meg Whitman Joins Dropbox

Carly Fiorina Will Not Run for Senate in 2018

Carly Fiorina on Not Running for Senate, Cryptocurrency and the Opioid Epidemic

Hewlett Packard Enterprise Jumps After-Hours on Q3 Earnings Beat

HPE's Meg Whitman Will Have to Answer Some Tough Questions on Tuesday