EMC Corporation (EMC): Today's Featured Technology 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.

EMC Corporation ( EMC) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day up 1.8%. By the end of trading, EMC Corporation rose $0.60 (2.4%) to $25.74 on average volume. Throughout the day, 30,123,757 shares of EMC Corporation exchanged hands as compared to its average daily volume of 22,609,100 shares. The stock ranged in a price between $25.05-$25.75 after having opened the day at $25.14 as compared to the previous trading day's close of $25.14. Other companies within the Technology sector that increased today were: Control4 ( CTRL), up 37.6%, Echelon Corporation ( ELON), up 35.7%, Lantronix ( LTRX), up 29.2% and Autobytel ( ABTL), up 20.8%.

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 $52.1 billion and is part of the computer hardware industry. The company has a P/E ratio of 20.3, above the S&P 500 P/E ratio of 17.7. Shares are down 0.0% year to date as of the close of trading on Monday. Currently there are 21 analysts that rate EMC Corporation a buy, no analysts rate it a sell, and 3 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, good cash flow from operations, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the negative front, Aviat Networks ( AVNW), down 15.7%, NII Holdings ( NIHD), down 14.4%, Descartes Systems Group ( DSGX), down 14.3% and Silicon Graphics International ( SGI), down 12.5% , were all laggards within the technology sector with IHS ( IHS) being today's technology sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).

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